As our world becomes more interconnected, so too does the need for banking systems to follow suit. In the past, businesses and individuals were often restricted to banking in a single country, but the rise of borderless banking is enabling both to benefit from greater financial freedoms.By definition, borderless banking refers to any bank account, which allows users to spend, send and receive money across different countries and currencies, without incurring heavy fees. The concept has become...

Resilient businesses are those that are strategically prepared to cope with disruption – whether it comes from pandemics, economic downturns, the ongoing skills shortage for instance, or any other threats that may be on the horizon. With this in mind, the forward-looking businesses are focusing their digital transformation initiatives on overcoming the most pressing challenges of today. The threat of cyber-attacks, supply chain disruption, environmental and social upheaval, and workforce...

Credit cards have become integral tools in our daily lives, facilitating transactions and adapting to evolving financial environments. With the emergence of innovations such as virtual cards for instance, and buy-now-pay-later options, for online payments among others, consumer finance is undergoing significant transformation. With the rise of new technologies, the credit card industry has had to evolve. From chip technology to digital cards, the credit landscape is ever-changing. In view...

Through the years Earned Wage Access (EWA),  which allows Early access to earned wages before payday, has emerged as a transformative financial service for both employers and employees. This innovative solution addresses a crucial need for financial flexibility and well-being among the global workforce, reshaping the way employees interact with their earnings. With adoption rates increasing across various countries, this is a clear sign that offering daily payroll is about to become the new...

A recent McKinsey report states that the worldwide expenditure on digital transformation will reach an astonishing $3.4 trillion by the year 2026. However, this is not just about financial investment. It indicates businesses placing notable bets on the transformative power of technology. It is therefore evident that the world of digital innovation is evolving constantly and businesses are now in the position to keep up with its emerging trends to stay competitive in the market. Embracing...

Generative artificial intelligence (AI) describes algorithms such as ChatGPT that can be used to create new content, including audio, code, images, text, simulations, and videos. Recent breakthroughs in the field have the potential to drastically change the way we approach content creation. In the years since its wide deployment, machine learning has demonstrated impact in a number of industries, accomplishing things like medical imaging analysis  and high-resolution weather forecasts. A 2022...

Wearable devices hold great promise, particularly for data generation for cutting-edge health research, and their demand has risen considerably in the last few years. At this stage, 640 million wearable technology devices are expected to be shipped worldwide by 2027. On average, 1 in 5 Americans use a smartwatch or fitness tracker or any other type of wearable technology. In 2025, the wireless health monitoring segment of the wearable tech industry is projected to reach $312.4 billion...

Asia-Pacific anti-money laundering market is expected to gain market growth in the forecast period of 2024 to 2028. Deloitte market research analyses that the market is growing with a CAGR (Compound Annual Growth Rate) of 14.0% in the forecast period of 2024 to 2028 and expected to reach USD 1,683,320 million by 2028. Growing demand for transaction monitoring system that assess financial crime patterns can act as a major factor for the growth of the market. In view of these, we've invited Mr....

Tokenization is the process of digitally representing assets, rights, or items of value through a smart contract on a blockchain, has gained significant attention in recent years. By enabling assets to be divided into smaller tradable units, tokenization has the potential to revolutionize the funding and capital model across many different industries. What may have previously been a non-bankable real-world asset can find its way into the financial ecosystem, becoming accessible to a wider...

As more advanced techniques and implementations continue to be developed on the flip side the adoption rate of these techniques remains debatable. It takes years for these techniques to become prevalent and get integrated with the existing business processes. The Industry laser focuses on the applied part of Artificial Intelligence to solve complex real world problems. To obtain tangible business benefits and ensure that Artificial Intelligence initiatives do not fail, it is imperative that...

Most traditional investment brokers do not yet offer exposure to crypto for trading purposes unlike equities or bonds. Therefore, cryptocurrency exchanges were developed as a simple way for investors to buy digital assets. Even though the majority of these exchanges have similar offerings, such as spot markets to tokens like bitcoin and Ether (Ethereum) for instance, there is a wide variety based on the amount of tokens offered, together with other available services and security. Moreover,...

In 2024, the finance sector stands at the intersection of legacy and innovation. The impact of demonetization lingers, serving as a reminder of the sector's resilience and adaptability. Artificial Intelligence and digital transformation are propelling the industry into new frontiers, promising greater efficiency, accessibility, and personalization. As we navigate this evolving landscape, one thing is very clear: finance will continue to be a dynamic and exciting field, shaped by innovation...

The Chief Revenue Officers or commonly known as CRO’s will play an important role on establishing revenue streams for the organization. Relatively, thirty-five percent of chief revenue officers (CROs) will establish a generative AI operations team in their go-to market (GTM) organization by 2025, according to Gartner group.  Faster, deeper insight generated by Artificial Intelligence will accelerate the speed at which Go-To-Market teams produce buyer content and adapt to market forces,...

Consulting firms worldwide have a lot to contend with over the last few years with the global pandemic and resulting great resignation, plus widespread supply chain disruption as well as challenges on technology and system configuration rollout. Maintaining growth in profitability and sustaining it during this period wasn’t easy, but some consulting firms succeeded somehow. How did they managed to do it? In view of these, we've invited Mr. Matthew Hartley, the Founder and Lead Consultant of...

The next few years could be a make-or-break period for some banks and financial institutions. They will join the digital financial ecosystem movement—or be consumed by it. These platform-based ecosystems offer products and services that are created and distributed in partnership with others. And they confer powerful advantages, allowing organizations to enter new markets, create new services, and acquire new customers faster and more affordably than with traditional product development and...

The economic volatility and uncertainty, higher cost of funding, and the need to diversify supply chains are particular concerns for businesses operating in the Asia Pacific region. But what sets the region apart is the access to enormous technology talent pools that are adept at resolving problems through the use of artificial intelligence, process automation, and data analysis among others. One result of this is the region’s leadership in adopting new real-time payments methods, plus API...

According to Asian Development Bank, AI can potentially add USD 92 billion to the Philippine economy by 2030. The government and the business sector are collaborating to grow AI technology in the country, and they are optimistic that the Philippines will become a significant data processing hub and AI will become a new industry in the country. In view of these, we’ve invited Mr. Krishna Tanwani, Managing Director from Analytiks Inc. based from Manila, Philippines to walk us through the truth...

Blockchain technology has impacted the real estate industry in a variety of ways, including offering a new means for buyers and sellers to connect with one another. Moreover, Blockchain could be used to cut intermediaries out of the real estate transaction process, thereby reducing costs. This technology could also help to codify the practice of fractional ownership of real estate. Global real estate is worth hundreds of trillion of dollars, but is dominated by the wealthy and large...

Being relevant – to the market and to consumers – is paramount for businesses. In today’s rapidly evolving marketplace, companies and individuals alike must keep up with new digital trends if they are to continue meeting consumer expectations. Traditional business models are being pushed to the wayside, and many organizations are struggling to keep pace or, worse yet, resisting change altogether. How a company responds to these changes and trends will determine its ability to survive or...

As with most aspects of digital transformation, the outlook for data analysis appears to demonstrate that adoption is heading in one direction— UP. Business leaders, all the way up to the C-Suite, are more inclined than ever to invest in predictive analytics. McKinsey found that 70% of business leaders agree that predictive analytics has changed their respective industries in at least in a moderate way. Combine that with the efficiency and competitive benefits that can be achieved through...

According to the Blockchain Council of the Philippines, blockchain technology and Web3 projects have an "opportunity to flourish" in the country. The Philippines has joined the rest of Asia in crypto adoption. Cryptocurrencies have entirely changed how we think about money and how traditional financial systems operate. Moreover, the Philippines has established itself as a prospective player in the crypto industry, and the Blockchain Council has been instrumental in promoting the uptake and...

Foreign exchange trading, also known as FX or forex trading, is one of the world’s largest and most influential markets regarding trading volume, value, and liquidity. As new technologies emerge, so have forex methods and strategies. With the advent of artificial intelligence and machine learning in science, forex traders and experts have learned to adopt this new technology to improve trading and make their strategies more efficient. However, this field also comes with its own set of...

According to the survey from McKinsey, adoption of digital banking in emerging markets has caught up with that in developed markets. Between 2017 and 2021, the share of consumers in Asia–Pacific emerging markets actively using digital banking increased sharply, rising 33 percentage points from 54 percent in 2017 to 88 percent in 2021. The level of digital adoption among consumers in developed Asia–Pacific markets has remained stable at approximately 90 percent. The shift to digital banking...