The investment ecosystem in Southeast Asia is poised for growth, driven by strong investor interest in the region’s tech sector, especially the fintech space, according to a study by US-based consultancy Bain & Company.
The Asian financial hub is another step closer to its aspiration. It wants to be a world-class Fintech hub. Till it secures its position, it must sustain its momentum.
Local Indonesian ride-hailing app Go-Jek challenges the regional competitor Grab’s existing market share in Indonesia.
DBS, OCBC and UOB dominate the banking sector in Singapore. The state regulator harnesses and supports fintech, but it could do more.
Europe and the US led the way by pioneering Insurtech, but Asia is catching up. In ASEAN, Singapore leads the way as others try to join in.
Companies offering new digital payment methods have emerged on the financial scene, disrupting the monopoly of traditional banking services.
Yu’ebao has recently cut its maximum holding ceiling for individuals. This move is likely to benefit the company and most investors.
Ant Financial recently coined the term “TechFin” as an outright challenge to JD Finance’s “FinTech”. Who will eventually win the intellectual debate?
Asia has overtaken America in the financial technology market, driven by the industry’s Chinese powerhouse and multiple billion-dollar businesses. This success will inspire the next wave of opportunities in Southeast Asia.
Grab will no longer just be a ride hailing service. Based on their appetite for growth and the companies they have been acquiring, Grab will morph into payments, fintech and e-commerce.