The financial services industry has undergone significant advancements beyond its traditional roots, thanks to the emergence technological innovations. This has given rise to the FinTech sector, which represents a new paradigm in financial service.
Leveraging artificial intelligence (AI) and machine learning (ML) capabilities FinTech companies address challenges associated with gathering information. By tapping into a wide range of data sources, FinTech companies are offering alternatives to traditional credit assessment methods. This has facilitated increased access to credit for underserved customers, including informal workers, households, and businesses in remote areas. As a result, pay-later companies have emerged as viable alternative, offering credit at scale and entering the mainstream market.
Overall, the FinTech industry has transformed financial services sector. The intervention of FinTech in the APAC region is indispensable, and thus, the APAC market is anticipated to grow at a compound annual rate (CAGR) of 27 per cent by 2030. Similarly, with technology-driven growth gaining momentum in recent years, the APAC FinTech industry is set to prosper, harnessing critical innovations like AI, decentralised finance, blockchain, and RegTech (Regulatory Technology).
In this edition of Financial Services Review, we present Fintech Services 2023 at the revolutionary forefront to promote digitised financial services in the APAC region. Featured companies, Velwire and Intralinks offer various measures to increase efficacy scores within the FinTech industry. These companies are dedicated to assisting businesses and individuals with reliable, productive and real-time digitised solutions, allowing them to take control of their finances throughout the continent.
The magazine also includes insightful opinions of Armando Lambert, VP, Enterprise Optimization, Bayview Asset Management and Jesús Díaz Barrientos, head of finance, DO & CO AG, imparting profound knowledge and experience in the fintech arena. We hope these valuable insights from industry leaders featured in this edition will assist you in making informed decisions for your businesses.
Let us know your thoughts.
