FinTech in B2B Payments: A Case for Collaboration?

When thinking of B2B payments, one might very well picture an antiquated back office, paperwork piled high to the ceiling and a phone ringing off the hook with vendors demanding to know where their cheques have got to. Yet increasingly, savvy businesses are shaking off this image and are looking beyond paper to advancements that bring the back office into the twenty-first century. Trends poised to transform B2B payments include: Straight-through processing, cross-border and real-time payments, E-Invoicing, cloud-based automation and the potential of APIs, multi-bank networks, and virtual accounts. And…READ MORE

24 May 2017

Transparency, Expectations, Strategy

Companies are struggling to keep pace with customers’ ever increasing expectation of information transparency. In fact customers now expect companies to match the openness they share in their own lives online. Whilst the idea of sharing intimate details over social media has been normalised, these same sharing norms are bleeding over into the experiences customers expect from companies and brands. This raises the questions, why are customer expectations for transparency increasing as we progress through the internet revolution, and why should companies take note? To answer both these points, it…READ MORE

17 May 2017

FinTech in Hong Kong

Hong Kong is regarded as a front runner in the race to become a leading global FinTech hub, vying against the likes of Silicon Valley, London and Singapore. On closer inspection, not everything may be as well as first thought with regards to Hong Kong’s ability to maintain a leadership position. Regulator activities The Hong Kong Monetary Authority (HKMA), Hong Kong’s regulator of banking services, is not short of good intentions when it comes to promoting FinTech innovations. In 2016, the HKMA opened the Fintech Facilitation Office, whose mandate is…READ MORE

3 May 2017

Financial Inclusion: The Triple Win?

Technology is changing the face of Financial Services and providing a financial infrastructure and various access points to previously underserved or financially excluded groups. On the quest to seek greater financial inclusion (and as our Financial Inclusion series has uncovered), FinTechs, banks, MNOs and governments have started making headway across the savings, borrowing, payments and SME spaces. The Financial Inclusion Framework There are various factors that drive the pace of change across the globe, in both developing and developed nations. The key components shown in our Financial Inclusion Framework below…READ MORE

28 Apr 2017