Tagged: asia pacific

Fintech Adoption: Consumers in the Asia-Pacific are Looking for Competitive Fees when Choosing Financial Service Providers, EY Executive Argues

James Lloyd, associate partner at Big Four auditing firm Ernst and Young (EY) and Asia-Pacific Fintech leader, claims that financial technology growth and adoption is surging in the Asia-Pacific region. He notes: “[Fintech development in Asia is] driven by consumers’ desire for more attractive fees… Read More

Digital Trade Finance: Singapore’s DBS Bank Facilitates Transaction via vCargo Cloud’s CamelONE Portal

Singapore-headquartered DBS Bank, a multinational banking and financial services corporation with over $330 billion in total assets, has reportedly facilitated a trade financing settlement through vCargo Cloud’s CamelONE trade finance portal (TFP). The SGD 4.8 million (appr. $3.4 million) letter of credit transaction was carried… Read More

Fintech Projects Across the Globe Secured a Total of $137.5 Billion in Investments in 2019: Report

Europe has had a solid year in terms of total Fintech funding as it secured $58.1 billion in capital last year, which is significantly greater than the $43.4 billion the industry acquired back in 2018 – according to a recent report from Big Four auditing… Read More

Global Artificial Intelligence Market Is Projected to Reach $390.9 Billion by 2025: Report

The global artificial intelligence (AI) market size is projected to hit $390.9 billion by 2025. The market is expected to achieve a compound annual growth rate of 46.2% from 2019 to 2025. AI is a major technological innovation along with Big Data advancements, machine learning… Read More

Belgium-based Blockchain Firm SettleMint Secures $2 Million via Latest Investment Round

Belgium-headquartered SettleMint, an enterprise blockchain firm, has reportedly secured €1.9 million (appr. $2.04 million) through a new investment round. KPN Ventures and Medici Ventures took part in the firm’s latest funding, SettleMint’s management confirmed on January 28. Following the capital injection, the company is planning… Read More

Insurtech Report: North America Is Experiencing the Highest Rate of Insurance Technology Adoption Due to Customer Spending Habits

The insurance technology (Insurtech) vendors aim to provide software that should simplify the decision-making process for clients. North America is reportedly experiencing the highest rate of Insurtech adoption because of how much customers in the area are spending on insurance-related products (according to a new… Read More

Cashless Payments Have Become Popular, But Demand for Cash Still Strong in Rural and Unbanked Communities: Report

Cashless or digital payments have become increasingly popular, however, cash still remains a widely-used payment method in most nations, especially in rural communities and jurisdictions with a large unbanked population. Following many years of steady growth, the total number of cash withdrawals made via ATMs… Read More

Accenture Announces the Eight Startups Selected For 2018 Fintech Innovation Lab Asia-Pacific

Accenture (NYSE: ACN) announced on Tuesday the eight fintech companies that have been selected for the fifth annual FinTech Innovation Lab Asia-Pacific 12-week mentorship program. According to Accenture, the 2018 program received a record number of applications from more than 160 companies. Accenture reported that… Read More

Asia-Pacific Alternative Finance Rises to a Quarter Trillion Dollars in 2016 led by China

Shenzhen, China

The Cambridge Centre for Alternative Finance (CCAF) is out with their 2nd annual report quantifying the growth of alternative finance for the Asia Pacific Region in 2016. Entitled, “Cultivating Growth,” the benchmarking report shows an emerging industry that grew dramatically versus year prior as it… Read More

Accenture Announcement: Applications to Open For Asia-Pacific’s Fourth Annual FinTech Innovation Lab

Accenture (NYSE: ACN) announced on Tuesday that applications will soon open for its Asia-Pacific’s fourth annual FinTech Innovation Lab, which is described as a 12-week program that helps early and growth-staged fintech companies accelerate product and business development by gaining exposure to financial institution executive…. Read More

Mobile Payments: PayPal & Visa Extend US Partnership to Asian Pacific Market

PayPal (PYPL) and Visa (NYSE:V) have extended their U.S. partnership to the Asian Pacific market, a move that will see them work collaboratively to accelerate the adoption of secure, reliable and convenient digital and mobile payments for consumers and merchants in markets throughout the region. This… Read More

Accenture/CB Insights Report: Asia-Pacific Fintech Financing Eclipsed North American Investment in 2016

Global investment in fintech ventures grew 10% in 2016, to US$23.2 billion, driven primarily by a wave of blockbuster deals in China, according to Accenture (NYSE:ACN) analysis of data from CB Insights, a global venture-finance data and analytics firm. Fintech financing in Asia-Pacific in 2016 eclipsed… Read More

Working Together: Highlights from Accenture’s FinTech Innovation Lab Asia-Pacific Investor Day

A group of fintech companies demonstrated their products and services during the third annual FinTech Innovation Lab Asia-Pacific Investor Day. Launched by Accenture (NYSE:ACN) in June 2014, the FinTech Innovation Lab is a 12-week mentoring program to enhance fintech innovation and drive high-tech job growth in Asia-Pacific… Read More

UK Fintech myPINpad Selects Morten Hofstad to Head Asia Pacific Business

myPINpad, UK based fintech company which enables multi-channel and multi-factor authentication via the Cardholder PIN, has today appointed Morten Hofstad as Head of the company’s Asia Pacific business.  “We are delighted to welcome Morten to the myPINpad team,” cited myPINpad Executive Chairman and CEO Philip… Read More

Asia Pacific Research: Dramatic Growth in Alternative Finance is Fueled by Huge China Market

The Asia-Pacific Alternative Finance Benchmarking Report has just been published and it highlights the largest region in the world for disruptive finance. Entitled, “Harnessing Potential”, this is the first report for the region and has been created by a partnership of researchers, including the Cambridge… Read More

Accenture: Asia-Pacific Fintech Investments Have Skyrocketed; New Focus on Blockchain, Cloud and Cybersecurity

“Major non-traditional financial services companies have been investing in fintech payments in China for the past year.” According to Accenture, fintech investments across Asia-Pacific experienced a boom in 2015 – from about $880 million in 2014 to nearly $3.5 billion in just the first nine months… Read More

Brief: Crowdfund Success Tipalti Expands Global Payment Coverage

Payments automation platform, Tipalti, announced that it has expanded international payments capabilities through several new partnerships and product upgrades. Tipalti has extended support of international ACH payments to 58 additional countries across the world, covering Latin America, Europe, Asia Pacific, Africa, and the Middle East.  With this upgrade, Tipalti’s global… Read More

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