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Tackling the US$2 Trillion Funding Shortfall for Asia Pacific’s SMEs
Small and medium enterprises (SMEs) are vital in driving economic growth, particularly in developing countries, as they significantly contribute to the GDP and play a key role in job creation. According to the Asian Development Bank, SMEs make up 98%
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What Is LPX and How to Buy Launchpad XYZ in 2023?
Earning high returns in the cryptocurrency market is a challenge for many traders, although the sector offers great conditions for investors in both bull markets and downturns. That’s exactly why Launchpad XYZ exists. This new blockchain project offers a Web
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Sumsub Makes Presence at Philippine Fintech Festival 2023
Fintech companies in the Philippines and the ASEAN region are gearing up this week for the Digital Pilipinas Festival from November 20 to 24. This event, known for its valuable networking opportunities and fostering innovative collaborations, serves as a dynamic
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An Ecosystem Approach to Banking the Underbanked
Reaching Indonesia’s unbanked and underbanked population has been a long-standing challenge for banks. Hindered by numerous factors, including sociocultural diversity, low levels of financial literacy, and Indonesia’s archipelagic geography, the expansion of traditional banking channels has been cost-prohibitive. The result
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Backbase’s ENGAGE Asia 2023 to Kick off in Bangkok This November
Banking leaders find themselves at that pivotal time of the year when they must strategise their transformation goals for the upcoming year. In Asia, digital banking has become ingrained in consumers’ lifestyles, evolving into a core expectation and a decisive
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BSP’s Push to Standardise QR Codes Helps Salmon Expand Financial Inclusion
Bangko Sentral ng Pilipinas’ (BSP) recent moves to standardise QR payment codes across the Philippines are helping democratise consumer credit in the Philippines in unexpected ways, with Salmon leading the charge. Based on a global standard for secure payments, QR
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Fintech’s Resilient Ride to Spur Digitalisation Despite Recession, Banking Crisis
The world has undergone significant changes since the onset of the pandemic, especially in the financial industry’s journey towards digitalisation. The pandemic expedited the transformation of customer interactions by three years and pushed banks’ digital offerings ahead by seven years.
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Bank Treasurers Can Be Key Players in Driving Efficiency
Before 2008, the role of the bank treasurer broadly revolved around reporting, balance sheet management and cash management. This changed when the global financial crisis saw well-established financial institutions run out of liquidity and eventually fail. Today, treasurers are increasingly
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Thought Machine’s Modern Core Enables Nikel to Close the Small Business Credit Gap
Thought Machine, a cloud-native banking technology company, has empowered Nikel, a fintech startup that unlocks credit for millions in Southeast Asia, to streamline its lending process and develop new products more quickly. Founded in 2018, Nikel which rebranded from Impact
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Salmon’s Super–Charged Journey in AI-Enabled Consumer Lending
Manila-based fintech Salmon has grown rapidly in its first year of operations. From launching its first point-of-sale lending product four months after inception, rolling out its proprietary app, and securing partnerships with leading retailers across the Philippines – the fintech
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