April Wu

China Market Strategy

December 1, 2016

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Banking News This Week – Dec 1

The top 5 banking news stories in emerging markets this week.

1 – ANALYSIS; Peer-to-peer lending: A new form of financial inclusion

The involvement of financial technology (fintech) companies in the field of peer-to-peer (P2P) lending has attracted attention from the public and regulators, namely the Financial Services Authority (OJK) and Bank Indonesia (BI). >>

2 – The Filipino startup disrupting the pawn shop industry

In contrast to the number of unbanked, the Philippines has a high mobile penetration rate, with three in 10 people owning smartphones. >>

3 – Fintech seen as threat to business of financial institutions

While the emergence of financial technology (fintech) was seen as the crucial catalyst in spearheading transformation in the field of financial services, a whopping 82% of Malaysian financial institutions saw fintech as a threat to their businesses. >>

4 – Small firms in Vietnam lack access to bank credit, business group says

Only 30 percent of small and medium-sized companies manage to take out loans from banks. >>

5 – GCC banks looking to Africa for new opportunities

Larger local banks in the GCC are approaching saturation in their home market and are starting to venture out to attractive markets such as Africa. Dubai in particular has emerged as an attractive hub for Africa, as Europe did for the GCC region some years ago according to EY’s GCC Wealth and Asset Management Report 2016. >>

Also worth reading:

Mobile Banking Boom In Emerging Markets
(Video)Doing Business In Emerging Markets – Banking Sector
4 Chinese Internet Companies Betting On Mobile Banking
Banks Tapping New Potential in Asia