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.
According to Euromonitor International’s Global League and Club Indices 2023, five major US leagues and five European football leagues dominate league rankings, with the National Football League (NFL) consistently holding its status as the most commercially attractive league globally. In the club ranking football clubs from the five major European football leagues claim all top 10 spots with Manchester United retaining the top position.
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.
Digitalisation is revolutionising the travel and tourism industry in the Middle East and Africa. Today's tourists are seeking unique and immersive experiences, driving travel businesses to harness cutting-edge technologies to meet these evolving demands. These innovations are more than simply tools; they are redefining how travellers plan, book, and experience their journeys, thereby disrupting traditional business models.