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Tackling the US$2 Trillion Funding Shortfall for Asia Pacific’s SMEs
Small and medium enterprises (SMEs) are vital in driving economic growth, particularly in developing countries, as they significantly contribute to the GDP and play a key role in job creation. According to the Asian Development Bank, SMEs make up 98%
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Navigating APAC’s Financial Transformation for Customer and Competitive Gains
In a region experiencing rapid digitalisation, Asia-Pacific is projected to lead global cashless transaction growth and surpass 50% of the world’s volumes, according to the PwC Payments 2025 & Beyond report. Although presenting abundant growth opportunities, this dynamic landscape brings
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RinggitPay: Redefining Business Payment Operations Through Strategic Partnerships
RinggitPay, a home-grown payment platform, is on a mission to simplify payments for Malaysian businesses and their customers. By offering a comprehensive suite of digital payment solutions in collaboration with renowned Malaysian banks and industry-specific ecosystem partners, RinggitPay has processed
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An Ecosystem Approach to Banking the Underbanked
Reaching Indonesia’s unbanked and underbanked population has been a long-standing challenge for banks. Hindered by numerous factors, including sociocultural diversity, low levels of financial literacy, and Indonesia’s archipelagic geography, the expansion of traditional banking channels has been cost-prohibitive. The result
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Are Digital Banks the Catalyst in Making Embedded Finance the New Norm in Asian Finance?
In a dynamic and ever-changing financial landscape, the concept of embedded finance has emerged as a powerful force shaping the future of financial services. During a recent fireside chat, a panel of experts delved deep into the intricacies of embedded
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Backbase’s ENGAGE Asia 2023 to Kick off in Bangkok This November
Banking leaders find themselves at that pivotal time of the year when they must strategise their transformation goals for the upcoming year. In Asia, digital banking has become ingrained in consumers’ lifestyles, evolving into a core expectation and a decisive
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Gambit Custody Gets SC’s In-Principle Nod for Digital Asset Custody License
Gambit Custody, a player in the digital asset custody industry, announced that it has received in-principle approval from the Securities Commission Malaysia (SC) for its Digital Asset Custodian (DAC) license. The conditional approval granted by the SC signifies a significant
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Harnessing Responsible AI in the Financial Sector
Artificial Intelligence (AI) has become integral to our daily lives, driving technological advancements and enhancing various industries, including finance. However, the increasing use of AI also raises concerns about responsible and ethical practices. It is essential to ensure that AI
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Fintech’s Resilient Ride to Spur Digitalisation Despite Recession, Banking Crisis
The world has undergone significant changes since the onset of the pandemic, especially in the financial industry’s journey towards digitalisation. The pandemic expedited the transformation of customer interactions by three years and pushed banks’ digital offerings ahead by seven years.
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Bank Treasurers Can Be Key Players in Driving Efficiency
Before 2008, the role of the bank treasurer broadly revolved around reporting, balance sheet management and cash management. This changed when the global financial crisis saw well-established financial institutions run out of liquidity and eventually fail. Today, treasurers are increasingly
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