Update news Fintech
The Asian Development Bank and the State Bank of Vietnam held a kick-off ceremony marking the implementation of the Swiss-funded $5mil technical assistance, which aims to nurture financial technologies serving financial inclusion improvement in VN.
Scores of Fintech companies have had to cut their workforce by half because of slumps in sales and struggles navigating the law's grey areas.
Despite a drop in funding, Vietnam will continue to breed upcoming fintech unicorns in the long term thanks to its burgeoning fintech sector.
FPT Smart Cloud has joined forces with Home Credit Indonesia - a tech-based financing company with 6-million customers - in an official strategic partnership for AI development.
Swiss fintech startups should tap into opportunities in VN – the country with rising demand for digital financial solutions, supportive policies, and government initiatives to nurture fintech innovation, according to a new Vietnam Fintech report.
The Asian Development Bank (ADB) and Switzerland have signed a cofinancing agreement of up to $5 million to develop financial technologies (fintech) that can help address low financial inclusion in Vietnam.
Vietnam has one representative in the Global Platforms Ranking 2023, announced by TABInsights under The Asian Banker.
Both foreign and domestic fintech firms are promoting connections with commercial banks to lend unsecured loans to individuals, and small and micro enterprises as demand for consumer and business loans at the end of the year is rising.
DigiEx Group and Shinhan DS Vietnam have signed a memorandum of understanding on strategic partnership to expand the Offshore Development Center and build the Ecosystem of Digital Talent Developers in Vietnam for Fintech Solutions.
Vietnam is a top market in adopting new technologies, in which 58% of digital consumers have used online banking solutions, e-wallets, money transfer applications, and digital banking.
The next unicorn technology startups in Asia Pacific may come from Vietnam, as the foundation for a solid ecosystem to support these businesses is underway, according to the Asian Development Bank (ADB).