FinTech

FinTech will continue to be one of the hottest sectors in Southeast Asia after investors pumped record amounts into the region’s FinTech firms last year.

Following a dip in fundraising seen across ASEAN’s FinTech scene in 2020, funding has rebounded to reach a record high of $3.5 billion year to date, more than triple the amount seen over 2020, said an industry report. This funding was driven by 13 mega-rounds (classified as funding rounds of at least US$100 million), accounting for more than half of total…

In this new paradigm, key services such as deposit-taking service, asset-custodian, insurance, lending services, risk management, and the offer of securities, etc. will be redistributed between different tech layers and service providers. New capabilities, such as smart contract audit or underwriting (for non-crypto assets) could also be created along the…

For public stock exchanges, the biggest barriers to change are legacy systems and processes. Moving from the legacy system to a blockchain-powered one would require a bold decision to dismantle and write off large parts of the existing machinery.

BigPay said the funding from SK Group further strengthens AirAsia’s digital endeavor as it accelerates the scope of growth for its digital businesses, including logistics and financial services.

In a TechNode Global Q&A, Chu shared the story behind why she started YouTrip and the challenges she and her team met when they grow the company. She also shared her views on how to encourage more women to become entrepreneurs and some advice for them, based on her personal experience as a female founder.

A diverse range of parties have submitted applications for the digital bank licence, ranging from banks, industry conglomerates, technology firms, e-commerce operators, FinTech players, cooperatives and state governments.

To convey their innovation and distinctiveness, the companies behind DeFi projects need to pay attention to engagement. Investors and customers typically do not go out of their way to get to know certain DeFi projects more, especially since not many of them have a solid grasp of what crypto and DeFi actually are.

A fintech headquartered in Singapore has been granted a license to operate a digital bank in the Philippines. UNObank aims to bridge the financial inclusion gap to help pave the way for all Filipinos to have access to basic financial services.