It is no surprise the weather has become a little heavier, a little more humid, and a little more unbearable each day. The annual mean temperature in Singapore has increased from 26.9°C in 1980, to 28.0°C in 2020, according to the National Climate Change Secretariat. Air conditioning has now become …
FinTechs must invest in cyber security early, here’s why.
In Singapore, Asia’s number one Fintech city, 66% of Fintechs saw an increase in demand for their products and services during COVID-19, with 40% believing that this increase will sustain over a long period. This optimism is, ironically, brought forth by the pandemic, which created an environment that forced the …
Drivers of ASEAN’s Fintech Landscape
According to UOB’s report on the State of Fintech in ASEAN, Singapore takes the lion’s share of fintechs in the region, at 39%. In Singapore alone, fintech investments crossed the billion-dollar mark, a figure that the Monetary Authority of Singapore (MAS) has set for 2019 but has achieved within the …
The 2020 Fintech Landscape in Singapore
With Singapore fintechs taking 51% of ASEAN funding as of Q3 2019, it comes as no surprise that investors may be keen to learn more about the country’s fintech landscape. Singapore has over 40 innovation labs, more than 500 fintech start ups, SGD500 million in record-high fintech investments in 2018, …
9 Words You Need to Have in Your FinTech Dictionary
With FinTech becoming prevalent in every industry, it’s imperative to pick up some FinTech terms to understand this new language of business. We have compiled a list of 9 words that you need to have in your FinTech dictionary to help you ease into picking up these business jargons! Fintech …
Top 10 Fintech Books to Read in 2019
Southeast Asia is on a steady track to becoming an innovation destination. Singapore, with its strategic investment in R&D funding and STEM (Science, Technology, Engineering and Math) education, went up to the third spot in 2018 Bloomberg Innovation Index, while US fell out of the top 10 last year. As …
The 2019 Fintech Landscape in ASEAN
A combination of the words ‘financial’ and ‘technology’, fintech seeks to design and deliver good quality financial services and products through innovative technology. The sector is booming with contributions not merely by banks and technology giants, but also Small and Medium-sized Enterprises (SMEs). Below are some predictions of the 2019 …
How Peer-to-Peer Lending Supports Financial Inclusion
Financial inclusion is increasingly becoming a buzzword in the finance arena. While crucial in setting a strong foundation for development, the Southeast Asian (SEA) region and the world still has a lot of room for improvement. This is where Peer-to-Peer (P2P) lending can step in to steer the money lending …
Why FinTech is Rapidly Growing in Southeast Asia
After the financial technology (FinTech) industry’s start in the West, notably in Europe and in the USA, its innovations have established themselves across various markets. FinTech has also experienced adoption and high growth in China. But if we are searching for financial technology’s next hot region, it would be Southeast …
P2P Lending on a Global Scale
In the wake of the 2008 financial crisis, banks started making consumer lending stricter. Cheap, quick loans became challenging to acquire. Some consumers found it difficult to get loans even though they had a good credit history. The environment of scarce credit and lengthy approval process became an opportunity for …