With one of the most developed digital economy in the region, Malaysia is a key country for startups in Southeast Asia. With a maturing startup eco-system, Malaysia is home to an ever-growing number of companies that aim at developing a solid base of operations there before expanding abroad.
Finance is a very hot industry in the Asia-Pacific region. As people looking for financial services, insurances, credits or investments search for information on the internet, their online behaviors are keys to understanding consumers trends. This dashboard will greatly help marketers of the financial industry in ASEAN and APAC.
As for many other industries, the development of technology is transforming the insurance industry. With sensors incorporated in wearable gadgets, built in cars or installed in houses, individuals’ health and behaviors can be tracked in real-time through a vast array of data that is now integrated into new risk modeling.
The inclusion of a country’s population into its banking and financial system varies greatly across Southeast Asia. A well developed financial system makes some countries profit from the convenience of financial services, while opportunities arise to expand financial inclusion in less developed countries.
The opening of Myanmar enables businesses, NGOs and social enterprises to venture further in the country and tackle challenges of rural areas as well as of cities. In the countryside, a social enterprise is applying cutting-edge design principles to alleviate difficulties of farmers and rural inhabitants.
With a large and growing number of Filipinos accessing the Internet, FinTech startups are able to reach people who previously were out of the financial system. New technologies now provide the convenience of digital payments and financial services to people without bank account anywhere in the Philippines or abroad.
Peer-to-peer lending is an alternative form of finance for people and businesses who want to avoid traditional credit institutions. In Singapore, this innovative and direct approach to lending and borrowing spurs a new line of financial services where technologies and trust come together to challenge large banking and finance firms.
With the spread of ever connected devices, FinTech has become a very hot topic in Singapore and all global financial centers. Both large financial institutions and startups are engaged in developing innovative technologies to provide new financial products and services, and to enhance the efficiency of financial markets.