Like it or not, emerging of blockchain and machine learning (ML) to big data and artificial intelligence (AI), making each players in the industry for adapting fintech innovation is a must or you are require to get ready to outperform by your competitor, in the global scales basis. For those who are able and those
Digital Transformation (DT) is no more a new word use to describe for the changes and challenges for the enterprise encounter and require to overcome and adapt for continue to be relevant in the modern and future market enterprise. Regardless of sector or industry, whether it is government or multinational corporation, the modern technology advancement
The global fintech market attracted $5.4 billion in investments during the first quarter of 2016, which represents a 67% increase over the same period a year ago, according to Accenture. While start-ups have attracted the lion’s share of investment, many large commercial and investment banks are determined not to be left behind by investing in
The word Fintech comes from the union of two words Fin = Finance and Tech = technology. One of the main purposes of the Fintech is to reduce the infrastructure costs of financial institutions. It is not necessary to have a network of branches with offices or with the customer service personnel that have all
The constantly evolving face of the financial technology startups covers a wide variety of technologies, audiences, and services. How, then, do we sum up its contributions to business in one short article? If we had to sum up the core commonality across the spectrum, I think the common threads would be increased accessibility and speed.
1.Ant Financial China-based Ant Financial is a spin-off from the Alibaba Group (BABA)Officially founded in 2014, it has originated from Alipay – the world’s leading third-party payment platform founded in 2004. Today, Ant Financial runs Alipay, Ant Fortune, Ant Financial Cloud and other financial services. Together, Ant Financial and its affiliates cover wealth management, credit
1.Next-gen chatbots – 2017 saw several major banks, adopting chatbots for supporting customer interactions. Currently, these chatbots are said to possess the intelligence of a 2-3-year old. However, as machines do not suffer from physical or learning fatigue, the evolution of a chatbot could be best described as more exponential than linear. So, in 2018,
Under the latest news, Malaysia Islamic banking is undergoing change with the government propose merge of Bank Islam, Bank Simpanan and Bank Muamalat. Since this three bank is mainly in serving civil servant, and the impact for after merge for “right sizing” (to eliminate branch and job duplication) , it most likely to take place after
Mobile application replacing bank branches and young generation prefer apps The need for more bank branches and cash to serve more bank customer generation is gone. As young generation prefer mobile application and internet for digital and ebanking. Mobile banking app globally rise as banker recognised the mega trend and young generation bank customer prefer