FinTech | Page 2

Embracing emerging tools like distributed ledger technology and layering it atop the core banking systems using APIs (application program interface) will allow banks to create a robust yet agile digital platform and disrupt their own business models, instead of sitting on the sidelines watching the challengers disintermediate them

A joint study spearheaded by Google says digital financial services are at an inflection point in Southeast Asia

Gone are days of waiting for months on end to hear back on loan applications, which only had a 50 percent chance, at best, of being approved - Robocash, a financial technology company that provides consumer lending and marketplace funding, claims it can process loans in up to 15 minutes.

To benefit from AI, financial organizations need to improve on their capabilities, infrastructure, strategy and culture readiness - study