The Singapore FinTech Festival (SFF) is one of the world’s leading FinTech conferences, bringing regulators, banks, and FinTechs together for a global dialogue on finance, technology and policy. Euromonitor International identified the six main directions discussed: Embedded Finance, Cross-Border Transactions, Sustainability & Inclusion, Artificial Intelligence, Digital Money, and Digital Assets.
Euromonitor International joined the Hong Kong FinTech Week (HKFW) 2023, identifying five key trends with global impact shaping the future of finance: namely cross-border transactions; artificial intelligence (AI); embedded finance; digitalisation and ESG opportunities. Besides cross-border transactions discussed in a prior article, this opinion focuses on the latter four key trends.
Cross-border transactions was a key trend discussed during the Hong Kong FinTech Week 2023, with a focus on better international inter-operability, faster speed, lower cost, higher security and more practical features.
Buy Now, Pay Later (BNPL), the modern-day credit, quickly reached even the smallest segments of retail and the services industries over the past years. Today, the payment alternative is commonly used to cover daily necessities. While there is no BNPL regulation in place to date, imminent regulatory frameworks will most likely accelerate market consolidation and a slowdown in development. However, the impact is expected to be proportional to the extent of regulation.
The Singapore FinTech Festival 2023, which will be held from 15-17 November, will focus on the growth and adoption of AI and how this technology can potentially be used in financial services.
Money20/20 USA is the world’s biggest, most influential gathering of the global money ecosystem.
Following Euromonitor International’s first article on cross-border transaction development in Asia Pacific, this second piece explains the latest developments in the region that can help support demand for travel, remittances and e-commerce, as well as identifying the challenges ahead.
In this first of two articles looking at cross-border transaction development in Asia Pacific, Euromonitor International analyses the key driving factors in economy growth, developing digital infrastructure, as well as growing travel, remittance, e-commerce and trading.
A digital transformation in B2B commercial payments appears to be afoot. Financial business decision-makers across all types of organisations increasingly seek more efficient, streamlined, intuitive digital payment management tools.