In 2019, Fintech funding recorded a new high of USD135.7 billion. Meanwhile, in 2018 Fintech funding rose to USD111.8 billion – equivalent to an increase of 120% compare to 2017’s of USD50.8 billion. This shows how Fintech is well positioned to disrupt the banking industry. However, V Capital sees this more as an opportunity for traditional banks and financial institutions to partner with Fintech companies rather than to compete. The financial services sector is an industry that introduced credit cards in the 1950s, Internet banking in the 1990s and, since the turn of the millennium, contactless payment technology. However, Fintech’s place in the public conscience has really taken off in the past three years. Fintech is no longer just a payment platform. It is now also available in credit or loan platform, as well as a wealth management platform. Traditional banks need to start collaborating with Fintech companies in order to move forward in this era.
V Capital Group has partnered with some of the world’s best Fintech companies to advise in Fintech transformation for banks and financial institutions. We can serve as backbone technology support or develop a new interface to serve our client’s needs. Our objective is to create a new financial ecosystem in this opportunity by collaborating with the financial institution.
Preparation for you to go into Fintech:
Our backbone support technology includes:
V Capital Group provides banking platforms as a service. All these platforms are ready for banks or financial institutions to just plug and play. Our aim is to make our client’s platform all-encompassing and prominently positioned in the market using the most cost-efficient and time-efficient methods.
FinTech startups are moving out of niche use cases
and are beginning to operate at scale. Where they
once catered to specific demographics, the sector is
now providing services across the financial services
value chain — to all demographics, in a much larger
playing field. And after proving product-market fit in
their home geographies, the most successful FinTech
companies are testing altered products in new
geographies with unfamiliar regulations.
This Selected Issues paper on Malaysia was prepared by a staff team of the International
Monetary Fund as background documentation for the periodic consultation with the
member country. It is based on the information available at the time it was completed on
January 23, 2020.
Closed due to coronavirus sign hanging in a shuttered business' window.
For years PayPal PYPL, Square SQ, and other fintechs have boasted about their
ability to out bank the traditional banks.
Now they have a chance to demonstrate that as they play a role in getting
billions of dollars in the hands of struggling small businesses amid the COVID19 pandemic.
Digital or virtual banks are an opportunity or disruption across the financial services sector - impacting both challenger (entrants) and imcumbent (traditional) banks. Besides promoting innovation, Bank Negara Malaysia's vision is for digital banks to enhance financial inclusion.
Conditions in domestic financial markets improved during the quarter contributed mainly by the resumption in non-resident portfolio inflows. This was largely driven by positive developments in global trade negotiations and global monetary policy easing, which led to improved investor sentiments.
The financial services industry has seen drastic technology-led changes over the past few years. Many executives look to their IT departments to improve efficiency and facilitate game-changing innovation – while
somehow also lowering costs and continuing to support legacy systems.