India is accelerating its digital trajectory in response to the challenges of the Covid 19 pandemic. It is projected that more than 2 billion people will have digital bank accounts on digital platforms and just 20% of the heritage financial services will survive in the next decade. So, the future […]
Business & Financial Services
The APAC Cross-border and Remittance Service Market is in its growth stage and it is showing promise of significant growth offering lucrative opportunities in the form of advancement in technology such as AI and Machine Learning. The Market is projected to grow at a staggering CAGR of 23.5% to reach […]
Usage-Based Insurance is fast becoming a revolution in the United States as it offers a package of benefits such as Attracting low-risk drivers. Enhancing customer loyalty. Reducing claims costs. Increasing the number of potential touch-points per year which is altering the face of the Auto-Insurance Industry and is poised to […]
Financial services would be one of the most transformative areas of blockchain. Building cryptocurrency exchanges and writing digital assets to a blockchain are just two examples of how today’s progress will have a long-term impact on the industry. The use of blockchain technology has the potential to cause significant market […]
Entrepreneurs and technopreneurs are presenting technologies as well as innovative business models to disrupt the trillion dollar BFS industry globally. Insurance, retail banking, payments are ripe industries for technological innovation, yet are fiercely competitive at the same time. To lead an organisation that is not only presenting new ways of […]
2020 was a prolific year for Singapore’s FinTech start-ups as FinTech investment reached US$346 million, representing 6.2% of all that was raised in Asia. Singapore holds immense potential for FinTech to thrive backed up by its solid technology and innovation roots, sophisticated and educated citizens, strong financial background, unparalleled infrastructure […]
The global digital insurance platform market was valued at USD 98 billion in the year 2019 and is estimated to reach USD 111.43 billion by the year 2020. It is expected to grow at the CAGR of 13.7% within the time horizon of 2020-2025 because of rising use of Internet […]
The Insurance Industry Market size was valued at USD 73.75 billion in 2019 and is estimated to reach USD 80.09 billion by the year 2020. It is expected to grow at the CAGR of 8.6% within the time horizon of 2020-2025. It will reach USD 120.98 billion by the year […]
Digital banking is promising a better banking experience for both customers and banks. However, it is without any doubt that the future banker is a digital banker. The potential of Digital banking is fruitful as it brings the unbanked into the banking segment. The major drivers fuelling the digital transformation […]
High growth in credits with slow growth in deposits leads to pressure in the liquidity position of the Nepalese banking industry. It also resulted in unhealthy competition on the interest rate. In order to overcome this problem, the banking industry should focus on the mobilization of rural deposits rather do […]