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Vietnam’s Digital Finance Landscape: Banks Gain Ground Amidst Shifting Competition

Fintech News

These incumbents had made a strong entry, collectively achieving a 23% penetration rate and securing the fifth position, the data show. Military Bank (MB), meanwhile, has implemented a digital transformation strategy since 2018 through strategic cooperation with IBM. of the gross domestic product by 2025.

Finance 119
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13 Southeast Asian Fintechs Among CNBC’s Global Top 250 List

Fintech News

Today, we take a closer look at the top fintech firms in Southeast Asia according to CNBC, looking at the products and services they offer and delving into their latest achievements. Founded in 2018, Aspire has raised more than US$300 million from world-class investors, included Sequoia, Lightspeed, Y-Combinator, Tencent and Paypal.

FinTech 134
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Stripe Teardown: How The $35B Payments Company Plans To Supercharge Online Retail

CB Insights

The company’s strategy also includes a deference to developers, and a focus on directly serving developers who build websites and applications using Stripe’s product. As a result of its product innovation efforts, Stripe has seen explosive growth in product adoption and valuation. Expanding product suites: Stripe vs. Square.

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From Investing To Budgeting, How Millennials Are Disrupting Personal Finance

CB Insights

A 2018 survey by Bank of America shows that millennials’ top financial priorities were saving for emergency funds (64%), saving for retirement (49%), and saving to buy a house (33%) — not much different from the concerns their baby boomer parents had 30 years ago. Investing: Robo-advisors and micro-investing lower barriers to entry.

Finance 77
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11 Most Promising Singapore Fintech Startups in NextGen Tech 30

Fintech News

YouTrip YouTrip illustration, Source: YouTrip Launched in 2018, YouTrip is a mobile financial platform based in Singapore that offers a multi-currency mobile wallet and a contactless Mastercard to make payments in over 150 currencies. Like Aspire, Endowus has also been named among this year’s top ten startups in Singapore by LinkedIn.

FinTech 111
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Everything You Need To Know About What Amazon Is Doing In Financial Services

CB Insights

While the anticipation for Amazon’s plunge into banking gets louder each year, it’s important to first understand Amazon’s existing strategy in financial services — what Amazon has launched and built, where the company is investing, and what recent products tell us about Amazon’s future ambitions. Closing thoughts.

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How Robots Are Shaking Up The Grocery Industry

PYMNTS

It has gained speed in 2018, showing how fulfillment — in many cases, following the lead of Amazon — is relying less on human participation as eCommerce buyers continue to change their shopping habits and expectations. “If Albertsons is also working with Takeoff on a more efficient system to assemble baskets of products for delivery orders.