Visualizing Singapore’s fintech landscape techinasia.com - Rebecca Liew. The funding landscape in the country comes largely from angel, venture capital (VC), corporate venture divisions, and government entities. With the conducive Singapore ecosystem, fintech regulation, and funding landscape coupled with the strong government support, Singapore's fintech adoption rate among Singapore consumers almost tripled to 67 percent in two years, putting Singapore ahead of the global and Asia-Pacific average global rate of 64 percent and 63 percent, respectively. What is Fintech? This programme will deepen your understanding of the rapidly changing Fintech landscape and the impact of new innovations on traditional business models. 53 ; 97; 20 . Fintechnews Singapore. Singapore has always been frustrated with being resource scarce and small (second smallest Asian nation after the Maldives). During these webinars, you will have a chance to hear from our Trade Commissioners and market experts from 9 different countries: Hong Kong, Indonesia, Japan, Malaysia, Philippines, Singapore, Taiwan, Thailand and Vietnam. In 2018, fintech contributed to the largest funding in Vietnamese startups in 2018, outperforming sectors such as e-commerce. In 2017, the FinTech sector in Singapore saw the largest amount of funding across a single year, with US$229.10 million worth of investment, despite a decline in overall FinTech funding across Asia. Promote the adoption of inclusive and unbiased standards and frameworks when developing InsurTech solutions and advocate fair collaboration between InsurTech’s and Financial Initiations. March 27, 2019. Despite an initial decline in funding, Singapore’s FinTech investments rebounded in the second quarter of 2020, with investors recognising the opportunities existing in Southeast Asia. A Booming Fintech Investment and Exit Landscape in South East Asia by Fintechnews Singapore September 16, 2020 ; 6 . Every day, 100k+ smart people read our newsletter. Specifically, Singapore’s fintech sector attracted quite a bit of international attention, and quite a bit of capital from investors at home and abroad. 170. As Singapore leads the fintech boom in ASEAN, Malaysia and Thailand will delve deeper into blockchain, Indonesia will continue to embrace digital payments, while Vietnam and Cambodia will progress towards e-payments and being cashless, just to name a few. Singapore is considered the most innovative thinker among its peers. According to the report, the diversified funding indicates that Singapore's fintech landscape is more mature, compared with other Asean markets, where the fintech sector is still nascent, and is largely focused on payment-related solutions. The Trade Commissioner Services invite you to a two-part series of webinar on the FinTech Landscape in Asia on November 17 and November 20. In 2019, we can all look forward to a vibrant fintech landscape in the region. Lending Landscape in Singapore. Hello readers, Up until a 2019 trip to Bangkok, I’d never thought to use a … Fintech Startups in Vietnam. Having witnessed the fintech landscape of both the East and West, here are some insights that I have picked up. Blockchain Technology Landscape infographic by XBRL US: Subscribe to the most important Fintechnews in Singapore. What is FinTech and how does it have the capacity to affect or change a nation’s financial landscape? by Manisha Patel May 15, 2017 May 15, 2017. This was made possible by the city-state’s strong technology capabilities, highly educated workforce, established financial center, and favorable regulatory framework. Here’s a list of some of the best Fintech courses to take in Singapore this 2020: 1. Having been in Singapore for the past year and a half, I really have to say that Singapore’s FinTech landscape is nothing short of amazing. Switch to the dark mode that's kinder on your eyes at night time. However, to qualify for such government funding, in most (if not all) cases, the fintech business would have to be Singapore-based and have its core operations in Singapore. The financial services industry in the Association of Southeast Asian Nations (ASEAN) region is rapidly evolving as a result of FinTech disruption. Shares . 09:35 An overview of Japan’s FinTech and Investment landscape, and the associated trends, opportunities, and considerations Naomi Takegoshi, JIAM (The Consortium for Japan International Asset Management Center Promotion) 09:45 An overview of Singapore’s FinTech and Investment landscape, and the associated trends, opportunities, and considerations Nicolas Huras, … In the rapidly evolving fintech landscape, Singapore has positioned itself as a major industry player. Singapore-based fintech start-up Fincy on Wednesday announced the expansion of its cashless payment system to Sihanoukville to tap into the southwestern coastal city’s ever-widening business and investment landscape. According to the report, the diversified funding indicates that Singapore's fintech landscape is more mature, compared with other Asean markets, where the fintech … While the COVID-19 pandemic has resulted in a fall in overall FinTech funding in Asia (particularly in China and India), the funding landscape in Singapore has been less volatile. As Singapore’s fintech landscape continues to grow from strength to strength, we’ll keep updating this page with the latest fintech news, reports, and resources. Let us take a look at this brief introduction to fintech landscape in Vietnam. Furthermore in 2018, investors from all over the world invested US$117 million into Vietnam’s fintech startups. Since the introduction of the first credit card with a magnetic stripe in 1966, financial technology has come a long way. They are illustrating the interest in promoting the boom of FinTech. The region attracted the largest share of global investment estimated at 44%, $11.7bn with the USA second place with 40%, $10.7bn out of total global investment of £27bn compared to 2015 of £25.6bn. The … Foreign investors’ surging participation in the … Blockchain: Embarking on the Journey . Supported by Infocomm Media … Online lending is followed by payments with 73 companies (23%), blockchain and cryptocurrencies with 26 companies (8%), and investment/personal finance with 24 companies (7%). Deep-Dive Into Singapore’s FinTech Landscape – Investment Perspective. Apart from governmental funding, there are many angel investing networks, venture capital firms, private equity firms, startup incubators and accelerator programmes that can assist new fintech businesses in raising capital. 5 min read. Singapore has become the regional Fintech hub … blockchain companies landscape distributed ledger technology. Shares. Mission. Fintech stands for financial technology. The above is intended to serve as an overview for the fintech + AI sector in Singapore. Singapore and New York City Fintech Ecosystem Overview. […] Fintech landscape in Asia. Latest News. These entities have been active in various blockchain related initiatives. An entrepreneur who can pin a killer app to the international flow of money is always a welcome guest to investors. You can sign up here. About Author More info about author. Startupbootcamp FinTech Singapore engaged with over 450 FinTech startups in 17 locations for the 2017 FinTech Accelerator programme – where insights were gathered for this report, Tracxn provided funding data, while insights from the Financial Services sector were provided by PwC, strategic sponsor of Startupbootcamp FinTech. Related Blockchain/Bitcoin Articles Similar Posts From Blockchain/Bitcoin … The investment and funding landscape. The articles, each focused on a different ASEAN country, provide comprehensive insights into the FinTech investment landscape in the … Your essential source to learn, explore, collaborate and keep up-to-date with the best-in-class of the most cutting edge fintech relevant to the Islamic finance industry. Asian FinTech is a success story of 2016. More by Fintechnews Singapore. Fintech landscape in Asia. It’s not a complete landscape mapping, and any suggestions/comments on missing startups are welcome. Known in startup circles as FinTech, the industry’s service ranges from crowdfunding to cryptocurrency, from mobile payments to the motor insurance ‘black box’ recorder. You will have an opportunity to know about the targets and plans on how Lending startups plan to disrupt the … The Rapidly-Growing FinTech Landscape: How Singapore is Adapting. China vs. APAC - FinTech landscape China by far the biggest player in both in volume and percentage* India, 25.58% Japan, 6.97% Singapore, 4.69% Hong Kong, 1.88% Israel, 3.32% Philippines, Korea, 3.99% 0.89% Malaysia, 1.88% Thailand, 0.79% China, 50.01% Median deal size per vertical (x 100.000 USD) Division of deals during 2015 in Finance per APAC region China - FinTech Total deal size: … There are 91 new additions to Singapore’s Blockchain Landscape 2020 map, making it a total of 234 entities. China received the largest … CFTE – Fintech Foundation Course. Represent the interests and be the voice of InsurTech ecosystem in Singapore and help represent the SG InsurTech outside of Singapore. Silicon Valley may not have birthed the term “fintech”, but it has certainly helped catapult its applications into the mainstream. 6. BCYC Knowledge Exchange Collective – Fintech Landscape in China 26 Aug 2020. FINTECH; INVESTMENT; TRENDS & INSIGHTS; Over the next few weeks, MEDICI brings you a series of articles, exploring FinTech in the ASEAN region. Essentially, Singapore was itself ‘a startup’ of sorts. Some of these include Mastercard, VISA, Alibaba-backed Ant Financial, Tencent-backed WeBank, WireX, Phillip Securities, SAP, Contour, Facebook-backed Libra among others. The third instalment of BCYC Knowledge Exchange Collective (KEC), an interactive platform for members to share and discuss topics or trends in relation to Singapore and China, was held on 16 August 2020. According to the report, the Indonesian fintech startups landscape is dominated by companies in the online lending space, which account for half of all fintech startups in the country. Switch to the light mode that's kinder on your eyes at day time. Financial technology is literally where the money is in today’s startup landscape. 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