Fintech is not just any other regular (annoying) buzzword– it has earned a reputation for being one of the hottest topics in tech.
2015 saw the rise of fintech, with investments in Asia Pacific growing from $880 million in 2014 to nearly $3.5 billion in the first nine months of 2015, according to a recent Accenture report. And everyone wants a piece of that fintech pie, from banks organizing hackathons for fintech solutions in-compan and going fully-digital, to launches and expansions of fintech-centric incubators and accelerators.
Data centre solutions company Digital Realty recently revealed 4 key trends that are set to encourage the growth of fintech in Asia this year. 2016 will see emerging countries like Malaysia and Indonesia play strong contenders to nations with established solid fintech foundations like Singapore, Hong Kong, and China.
Also to be seen is a rise in the number of P2P lending platforms, with P2P payments are picking up steam in Southeast Asia, according to a recent Forrester report.
Check out the 4 key trends in the infographic below.