Opportunities and barriers for FinTech in SAARC and ASEAN Countries
- Imam, Tasadduq, McInnes, Angelique, Colombage, Sisira, Grose, Robert
- Authors: Imam, Tasadduq , McInnes, Angelique , Colombage, Sisira , Grose, Robert
- Date: 2022
- Type: Text , Journal article
- Relation: Journal of risk and financial management Vol. 15, no. 2 (2022), p. 77
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- Description: This article assesses the opportunities and challenges for different categories of FinTechs in the SAARC and ASEAN regions. We consider the global financial inclusion data released by the World Bank and map the responses to gain insights into the opportunities and challenges for FinTechs in the respective regions. We develop a new index, termed the FinTech Opportunity Index (FOI), to conceptualise the opportunities and barriers based on individual savings, borrowings, purchasing behaviour, and payment preferences. We note that FinTech services have potential opportunities for expansion in the ASEAN regions but less so in the SAARC regions. The need for different types of FinTech services varies between regions. Services such as crowdfunding, neobanks, and InsurTech have potential in the ASEAN regions, especially with the positive attitude towards entrepreneurship and asset investments. In the SAARC regions, InsurTechs linked to health care has potential along with LendTechs and neobanks. We further note that males, and the young are more likely adopters of FinTechs in both regions. The analysis suggests the need for innovative promotions and education to motivate the more sceptical, especially women and the elderly population, to adopt FinTech services.
- Authors: Imam, Tasadduq , McInnes, Angelique , Colombage, Sisira , Grose, Robert
- Date: 2022
- Type: Text , Journal article
- Relation: Journal of risk and financial management Vol. 15, no. 2 (2022), p. 77
- Full Text:
- Reviewed:
- Description: This article assesses the opportunities and challenges for different categories of FinTechs in the SAARC and ASEAN regions. We consider the global financial inclusion data released by the World Bank and map the responses to gain insights into the opportunities and challenges for FinTechs in the respective regions. We develop a new index, termed the FinTech Opportunity Index (FOI), to conceptualise the opportunities and barriers based on individual savings, borrowings, purchasing behaviour, and payment preferences. We note that FinTech services have potential opportunities for expansion in the ASEAN regions but less so in the SAARC regions. The need for different types of FinTech services varies between regions. Services such as crowdfunding, neobanks, and InsurTech have potential in the ASEAN regions, especially with the positive attitude towards entrepreneurship and asset investments. In the SAARC regions, InsurTechs linked to health care has potential along with LendTechs and neobanks. We further note that males, and the young are more likely adopters of FinTechs in both regions. The analysis suggests the need for innovative promotions and education to motivate the more sceptical, especially women and the elderly population, to adopt FinTech services.
The COVID-19 pandemic in the ASEAN: A preliminary report on the spread, burden and medical capacities
- Hoang, Minh, Nguyen, Phuong, Tran, Thao, Khuong, Long, Nguyen, Huy
- Authors: Hoang, Minh , Nguyen, Phuong , Tran, Thao , Khuong, Long , Nguyen, Huy
- Date: 2020
- Type: Text , Journal article
- Relation: Asian Pacific Journal of Tropical Medicine Vol. 13, no. 6 (2020), p. 247-251
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- Description: Objective: To provide preliminary descriptions of the spread, burden and related medical capacity characteristics of the ASEAN countries. Methods: We utilized the data from four main official databases, including WHO reports, the Statistics and Research of the Coronavirus Disease, and the Southeast Asia Program of the Center for Strategic and International Study. The spread of the COVID- 19 pandemic, current burden and the COVID-19 medical response capacities were extracted before April 11, 2020. Results: As of April 13, 2020, the ASEAN countries reported 19 547 COVID-19 positive cases with 817 deaths (case-facility rate of 4.2%). Thailand was the first country in the region that reported having the COVID-19 cases, while Laos was the last to report confirmed COVID-19 cases. Durations for the number of deaths to double were between 8-12 days. For the testing and treatment capacities, the number of PCR tests provided to the populations was the highest in Vietnam, followed by Singapore, Malaysia, and Thailand. Meanwhile, the percentage of the population being tested was the highest in Brunei (2.31%), followed by Singapore (1.30%). Conclusions: A wide range of interventions were taken into practice in response to the outbreak with an effort of curbing the rise of this pandemic. However, special care should not be overlooked as the pandemic is placing a huge impact on the population and becomes increasingly unpredictable. To tackle the spread of the pandemic in the region, the ASEAN countries should work together as one community to provide better responses to future pandemics and other transboundary public health challenges. © 2020 Asian Pacific Journal of Tropical Medicine Produced by Wolters Kluwer-Medknow. All rights reserved. **Please note that there are multiple authors for this article therefore only the name of the first 5 including Federation University Australia affiliate “Huy Nguyen” is provided in this record**
- Authors: Hoang, Minh , Nguyen, Phuong , Tran, Thao , Khuong, Long , Nguyen, Huy
- Date: 2020
- Type: Text , Journal article
- Relation: Asian Pacific Journal of Tropical Medicine Vol. 13, no. 6 (2020), p. 247-251
- Full Text: false
- Reviewed:
- Description: Objective: To provide preliminary descriptions of the spread, burden and related medical capacity characteristics of the ASEAN countries. Methods: We utilized the data from four main official databases, including WHO reports, the Statistics and Research of the Coronavirus Disease, and the Southeast Asia Program of the Center for Strategic and International Study. The spread of the COVID- 19 pandemic, current burden and the COVID-19 medical response capacities were extracted before April 11, 2020. Results: As of April 13, 2020, the ASEAN countries reported 19 547 COVID-19 positive cases with 817 deaths (case-facility rate of 4.2%). Thailand was the first country in the region that reported having the COVID-19 cases, while Laos was the last to report confirmed COVID-19 cases. Durations for the number of deaths to double were between 8-12 days. For the testing and treatment capacities, the number of PCR tests provided to the populations was the highest in Vietnam, followed by Singapore, Malaysia, and Thailand. Meanwhile, the percentage of the population being tested was the highest in Brunei (2.31%), followed by Singapore (1.30%). Conclusions: A wide range of interventions were taken into practice in response to the outbreak with an effort of curbing the rise of this pandemic. However, special care should not be overlooked as the pandemic is placing a huge impact on the population and becomes increasingly unpredictable. To tackle the spread of the pandemic in the region, the ASEAN countries should work together as one community to provide better responses to future pandemics and other transboundary public health challenges. © 2020 Asian Pacific Journal of Tropical Medicine Produced by Wolters Kluwer-Medknow. All rights reserved. **Please note that there are multiple authors for this article therefore only the name of the first 5 including Federation University Australia affiliate “Huy Nguyen” is provided in this record**
Market power, credit risk, revenue diversification and bank stability in selected ASEAN countries
- Ovi, Nafisa Zabeen, Perera, Shrimal, Colombage, Sisira
- Authors: Ovi, Nafisa Zabeen , Perera, Shrimal , Colombage, Sisira
- Date: 2014
- Type: Text , Journal article
- Relation: South East Asia Research Vol. 22, no. 3 (2014), p. 399-416
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- Description: This paper investigates the effects of market power on credit risk, revenue diversification and bank stability in selected Association of Southeast Asian Nations (ASEAN) member countries (Indonesia, Malaysia, the Philippines, Thailand and Vietnam) using a sample of 153 commercial banks during 1998-2010. The authors find that bank market power is positively associated with credit risk and revenue diversification. Nevertheless, these associations diminished during the global financial crisis (GFC), implying that banks with greater market power have been better able to manage their non-performing loans during the crisis period. Bank stability, however, is not associated with market power. Instead, it is found to be a negative function of state ownership, asset composition and banking freedom. Overall, even though ASEAN banks with greater market power have higher credit risk, they are more diversified, thus leaving their overall bank risk unaffected.
- Authors: Ovi, Nafisa Zabeen , Perera, Shrimal , Colombage, Sisira
- Date: 2014
- Type: Text , Journal article
- Relation: South East Asia Research Vol. 22, no. 3 (2014), p. 399-416
- Full Text:
- Reviewed:
- Description: This paper investigates the effects of market power on credit risk, revenue diversification and bank stability in selected Association of Southeast Asian Nations (ASEAN) member countries (Indonesia, Malaysia, the Philippines, Thailand and Vietnam) using a sample of 153 commercial banks during 1998-2010. The authors find that bank market power is positively associated with credit risk and revenue diversification. Nevertheless, these associations diminished during the global financial crisis (GFC), implying that banks with greater market power have been better able to manage their non-performing loans during the crisis period. Bank stability, however, is not associated with market power. Instead, it is found to be a negative function of state ownership, asset composition and banking freedom. Overall, even though ASEAN banks with greater market power have higher credit risk, they are more diversified, thus leaving their overall bank risk unaffected.
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