Unlocking Southeast Asia’s financial potential with AI-powered fintech

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The story "Unlocking Southeast Asia’s financial potential with AI-powered fintech" was covered 5 days ago by e27, a news publisher based in Singapore.

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Unlocking Southeast Asia’s financial potential with AI-powered fintech - e27

Quick Summary:

In the developed regions of the Asia-Pacific (APAC), financial inclusion tells a tale of success; in Japan, 98 per cent of adults aged 15 and above have financial accounts, while South Korea boasts a 95 per cent banking service penetration among the same demographic. Southeast Asia (SEA) is also experiencing robust growth.

A study by IT security company Entrust revealed that in SEA, mobile banking usage through apps is notably high, with 65 per cent and 71 per cent of respondents in Singapore and Indonesia, respectively, using these tools predominantly to manage their finances.

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