ASEAN’s unique market conditions put the region’s fintech development on a different trajectory from the West. These three trends will likely influence the future of fintech in the ASEAN region.
Plagued with rigid internal processes and an intolerance to change, the traditional world of banking and finance is welcoming blockchain technologies. Smart contracts are transforming financial institutions by reducing bureaucracy, overheads and processing times.
Counterfeit goods are a growing global scourge, causing billions of dollars’ worth of losses and damages. Efforts to curb counterfeiting have failed so far but blockchain could hold the answers.
Singapore has emerged as an insurtech investment hub. But policyholders are yet to see significant benefits. Will insurtech bring consumer rewards or is it more hype than substance?
Despite the strong growth of real estate markets in the region, proptech startups are still finding their feet in Southeast Asia. Fintech might hold the key to revolutionising ASEAN’s real estate markets.
Singapore’s regulatory body is debating giving out licenses to digital-only banks. How does this affect the established banking regime as well as possible customers in the country?
Nets Group is helping Myanmar develop its own QR code system, based on the famous SGQR framework in Singapore. How will this impact the payment landscape in Myanmar?
With an ageing population and a shrinking workforce, Singapore’s economy needs a game plan. Could a ‘996’ working culture be the key to greater productivity?
Flush with funds, ASEAN unicorns are going on a spending spree, but just how accurate are their shiny market valuations?
2018 started off positively for Grab in Vietnam. Uber’s exit handed the Singapore-based startup dominance in the local ride-hailing market. But the following 12 months saw increased competition from local startups and rising regulatory pressure.