One of the biggest challenges banks and corporates face is identifying their customers so they can comply with Know Your Customer and other regulatory requirements. GTNews spoke with Know Your Customer Limited co-founder, Richard Barrett, about the complexities of KYC and how technology can solve these problems.
Content by this author
The top five sectors Asian fintech investors are interested in are data analytics, blockchain, lending, payments and regtech, according to Gary Hwa, EY regional managing partner.
On the third day of the Singapore Fintech Festival conference, there was a focus on specific applications of fintech innovation. One was trade finance, which is clearly is ripe for a revolution.
Kicking off day two of the Singapore Fintech Festival, Deloitte Chairman David Cruikshank said that fintech is significant for three reasons. First, customer expectations of services are higher than ever. Second, barriers to entry are lower than before. And finally, financial institutions (FIs) face a threat of what a competitor might do.
From corporates investing in Asia to small and medium enterprise (SME) suppliers wanting to make sure they get paid, companies are trying to discern whether countries and counterparties in Asia are actually risky.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
With the 19th National Congress of the Communist Party of China having just concluded, market watchers are intensely interested in what will happen next with the economy and the Renminbi (RMB). The New Renminbi Reality Forum organised by Bloomberg Live and ANZ Bank provided timely insights from the experts.
Consumers, companies and regulators are increasingly demanding sustainably-made and socially responsible products, so it has never been more important for corporates to maintain a responsible supply chain.
While the pickup in global economic growth remains on track, companies in Asia continue to report difficulties in getting paid on time.
Already an established event in Europe, this month has seen the first Supply Chain Finance Community Forum Asia bring together treasurers, procurement directors, banks, tech vendors and academics in Singapore.