The rise of Asia Pacific as a source of innovation
Financial institutions in emerging markets are introducing innovative solutions faster than their peers in more developed markets. Advances in FinTech make it easier, quicker and cheaper for them to accurately assess customer behaviour, needs and risks, thereby opening the door to new business models. Asia Pacific’s booming e-commerce and vast migration of middle-classes are giving rise to new financial services products to meet demand for coverage and risk appetite – digital inclusion has now outpaced and effectively substituted financial inclusion. This panel will unearth what’s happening here in Asia Pacific, why it’s more pervasive here and decipher the impact on financial services across the next decade.