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Thursday, August 16, 2018
FinTech

FinTech

Finance and Technology  – The Coming Tsunami

Fintech Tsunami
Jamie Dimon of JP Morgan famously remarked to his wall street colleagues “Silicon Valley is coming to eat our lunch”. The anxiousness of disruption (by startups) at the corridor of large global banks is palpable. Different banks are reacting to this is in different...

Peer-to-Peer (P2P) Lending: Banking Without Banks

P2P Lending
Sharing is a good thing, we learned in kindergarten, but that wisdom was soon called into question by the grown-up world of getting and spending. Now, new age capitalism has spun out a wonderful invention: the “sharing economy,” which holds out the promise of...

The First Bangladesh Financial Innovation Forum: Five Findings

Financial Innovation Forum
In the fast moving, rapidly changing financial services landscape of Bangladesh, where the regulators are holding all institutions to a world standard of risk mitigation and transparency, a highly unlikely event happened this week. The top leaders of many of the largest financial services providers...

Bank Negara kicks off fintech sandbox

Bank Negara
Bank Negara has approved four firms to operate within its “regulatory sandbox”, marking a significant milestone in the growth of financial technology (fintech) in Malaysia. Bank Negara opened applications for parties intending to create innovative ways to improve the quality, efficiency and accessibility of financial...

The [Financial] World is not Enough

The financial world is not enough
Every day the news on the country’s financial industry disappoints me a little more. The news is full of tragedy and disappointment, from banks failing to maintain required provisions against classified loans to thousands of crores of capital shortage in banks - there’s no end to...

Global FinTech regulators promise ‘not to stifle innovation’

Innovation
Speaking at the ASIC Annual Forum last week on the future of financial regulation, managing director of the Monetary Authority of Singapore and member of the Financial Stability Board, Ravi Menon addressed the issue of how regulators must respond to fintech moving forward. “Often when...

Banking 2018: Trends & Conclusions

The past year has witnessed great change in the landscape of the banking sector, with the decrease in deal volume and the proliferation of alternative sources of financing continuing to affect the market. Traditional lenders have also faced the challenges brought by the rise...

FinTech and the rise of collaboration rather than competition

FinTech Collaboration
Disruptive technology - or fintech - has been garnering tremendous interest in the financial services sphere. The potential impact of fintech on conventional business models can be huge, at least in theory. Fintech was included in Investopedia's Top 10 Terms of 2015 and the industry...

Enabling banking technology infrastructure ride and survive the Fintech wave

Enabling banking technology infrastructure ride and survive the Fintech wave
Financial technology has been the cornerstone of delivering financial services for over a decade. What started as an attempt to link multiple branches through a single core banking system quickly evolved involved into a string of applications designed to improve customer service, centralize and...

A new way to pay: the technology giving banks a run for their money

A new way to pay
Saving money requires constant vigilance, someone always on your shoulder, nagging you not to splash the cash. And the one thing most people have with them all the time is their smartphone. New services, from banks to exercise studios, are tapping into technology to disrupt...
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