Prove

Banks have traditionally been a custodian of customer relationships in the SME lending space, but after the global financial crisis, there has been a significant reduction in their risk appetite.

China is a vivid example of how brick-and-mortar retail will have to change to cut it in the e-commerce-driven world.

The use of big data, machine learning, data science in FinTech space is not a new concept (at least from its sound). However, the growth in data or data explosion is a function of multiple technological advancements.

APIs will allow businesses to leverage technology with greater velocity in the future, avoiding stumbling blocks of the past and allowing them to seize opportunities for growth.

B2B payments are known to be inefficient and expensive. There is an immense need for streamlining settlements and reconciliation of business commerce.

CMOs are turning to the latest in phone-centric technology to accelerate onboarding and drive sales.

Investment management is a broad field that could involve institutions or individual; we took a look at the applications of AI/ML and Big Data in various domains or activities from the point of view of institutional investment managers.

A study of 22 banks (institutions + digital-only) across APAC, Europe, and the Middle East analyzing digital onboarding methods & eKYC techniques for opening bank accounts found that OTPs and selfies were the most prevalent modern identity verification methods for digital onboarding among those banks.

The term cash-replacement typically refers to a myriad of products such as debit cards, prepaid cards, credit cards, etc., that effectively enable a transaction without cash or (almost) replace cash.

Peer networks play an essential role in delivering financial services nowadays, bringing social into traditionally corporate-dominated industries.

Nowadays, we have contactless payments, and the whole process moves along much smoother. However, it seems that the new tech has also brought about its fair share of controversy.

Some soul-searching will reveal that the leading technology companies that are so aggressively invading a range of industries nowadays focus heavily on experience rather than transactions.