{"id":14414,"date":"2020-01-30T07:26:36","date_gmt":"2020-01-30T07:26:36","guid":{"rendered":"http:\/\/bulletins.bfconsulting.com\/?p=14414"},"modified":"2020-01-30T07:26:36","modified_gmt":"2020-01-30T07:26:36","slug":"a-quick-glance-at-asia-s-fintech-prospects","status":"publish","type":"post","link":"https:\/\/bulletins.bfconsulting.com\/en\/a-quick-glance-at-asia-s-fintech-prospects\/","title":{"rendered":"A quick glance at Asia\u2019s FinTech prospects"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Asia, driven by fierce competition, has been a global leader in terms of FinTech adoption. Let\u2019s take a look at 3 key trends expected to define FinTech in Asia over the coming years:<\/span><\/p>\n<ol>\n<li style=\"font-weight: 400;\"><b>China continues to be a leader.<\/b><span style=\"font-weight: 400;\"> China is still the market setting the pace for FinTech innovation in the world. Unencumbered by legacy technology and aided by their integration with China\u2019s powerful and ubiquitous e-commerce and social media platforms (e.g. Alibaba and WeChat), FinTech services are now thoroughly integrated into the life of Chinese consumers.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>The landscape is constantly changing.<\/b><span style=\"font-weight: 400;\"> Over the next few years, many more changes are expected to come to the Asian financial services landscape, most of which will be driven by advances in technology, loosening regulations and increased competition. The 3 biggest changes are expected to be: (1) continued deregulation, (2) increased competition with virtual banks and (3) the true takeoff of open banking.<\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Competition is everywhere.<\/b><span style=\"font-weight: 400;\"> Most Asian markets continue to benefit from a powerful FinTech feedback loop, with increased adoption driving increased innovation \u2013 and vice-versa. Mainland China still leads in consumer and SME-focused financial services innovation, but in other Asian markets, Chinese investments are driving rapid market penetration and innovation. In India, in particular, competition between Chinese giants and U.S. tech companies for slices of the colossal, fast-growing market are driving rapid changes.<\/span><\/li>\n<\/ol>\n<div class=\"rpbt_shortcode\">\n\n<div id='rpbt-related-gallery-1' class='gallery related-gallery related-galleryid-14414 gallery-columns-3 gallery-size-thumbnail'><figure class='gallery-item' role='group' aria-label='Top 10 trends impacting the future of payments'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/top-10-trends-impacting-the-future-of-payments\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/05\/young-handsome-man-enjoy-shopping-online-on-mobile-phone-with-credit-card_1258-309-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-9536\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-9536'>\n\t\t\t\tTop 10 trends impacting the future of payments\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Open banking changing the landscape of the financial services industry'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/open-banking-changing-the-landscape-of-the-financial-services-industry\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/Open-Banking-150x150.jpg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-8538\" loading=\"lazy\" srcset=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/Open-Banking-150x150.jpg 150w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/Open-Banking-300x300.jpg 300w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/Open-Banking-768x768.jpg 768w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/Open-Banking-1024x1024.jpg 1024w, https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2018\/02\/Open-Banking.jpg 1378w\" sizes=\"(max-width: 150px) 100vw, 150px\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-8538'>\n\t\t\t\tOpen banking changing the landscape of the financial services industry\n\t\t\t\t<\/figcaption><\/figure><figure class='gallery-item' role='group' aria-label='Video: banking in 2030'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a href='https:\/\/bulletins.bfconsulting.com\/en\/video-banking-in-2030\/'><img width=\"150\" height=\"150\" src=\"https:\/\/bulletins.bfconsulting.com\/wp-content\/uploads\/2020\/12\/The-Future-of-Banking-2030-Santander-FT-Partner-Content-150x150.jpeg\" class=\"attachment-thumbnail size-thumbnail\" alt=\"\" decoding=\"async\" aria-describedby=\"rpbt-related-gallery-1-15586\" loading=\"lazy\" \/><\/a>\n\t\t\t<\/div>\n\t\t\t\t<figcaption class='wp-caption-text gallery-caption' id='rpbt-related-gallery-1-15586'>\n\t\t\t\tVideo: banking in 2030\n\t\t\t\t<\/figcaption><\/figure>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Asia, driven by fierce competition, has been a global leader in terms of FinTech adoption. Let\u2019s take a look at 3 key trends expected to define FinTech in Asia over the coming years: China continues to be a leader. China is still the market setting the pace for FinTech innovation in the world. Unencumbered by &hellip;<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,16],"tags":[49,75,141,335],"_links":{"self":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/14414"}],"collection":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/comments?post=14414"}],"version-history":[{"count":1,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/14414\/revisions"}],"predecessor-version":[{"id":14415,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/posts\/14414\/revisions\/14415"}],"wp:attachment":[{"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/media?parent=14414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/categories?post=14414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bulletins.bfconsulting.com\/en\/wp-json\/wp\/v2\/tags?post=14414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}