Research Reports 19 October 2018
FinTech in Asia Pacific: 2018 Edition
Learn how the FinTech industry affected Asia Pacific and Southeast Asia in 2018 with CFA Institute. Learn how financial technology has impacted Asian financial institutions.
FinTech 2018: The Asia Pacific EditionFinTech 2018: The Asia Pacific Edition
To bring more clarity to the question of how FinTech will affect the prospects of financial institutions and careers of our members and other stakeholders, CFA Institute has compiled the report FinTech 2018: The Asia Pacific Edition.
This is a continuation of our effort summarized in the report FinTech 2017: China, Asia, and Beyond. The 2018 report is composed of three sections. The first covers the various businesses under the “Fin” umbrella, including banking FinTech, robo advice, insurtech, and regtech. The second section reviews the progress in “Tech” that’s relevant for financial institutions—namely, artificial intelligence, big data, cloud computing, and blockchain. The last section covers major FinTech developments in key Asia Pacific financial markets, including Australia, Japan, India, Singapore, and Thailand, in addition to China and Hong Kong SAR (which are also covered in last year’s report).
The report is a compendium of articles and expert interviews, which can be read in any order. The common threads across the report are as follows:
- Artificial intelligence, big data, and cloud computing have made it possible for teams and organizations armed with better technology resources to outperform those that are not.
- Blockchain may have profound implications for the way financial institutions operate in the future. The technology is not yet mature and will need to overcome hurdles with respect to developing a sustainable business model and gaining regulatory approval.
- China leads the Asia Pacific region in FinTech development with its focus on the newer technologies. In many other Asia Pacific markets, FinTech is still defined by alternative lending, mobile payments, robo advice, and so forth.
About the Editor
Larry Cao, CFA, senior director of industry research, CFA Institute, conducts original research with a focus on the investment industry trends and investment expertise. His current research interests include multi-asset strategies and FinTech (including AI, big data, and blockchain). He has led the development of such popular publications as FinTech 2017: China, Asia and Beyond, FinTech 2018: The Asia Pacific Edition, and Multi-Asset Strategies: The Future of Investment Management, and is a frequent speaker at industry conferences on these topics. During his time in Boston, pursuing graduate studies at Harvard and as a visiting scholar at MIT, he also co-authored a research paper with Nobel laureate Franco Modigliani that was published in the Journal of Economic Literature by American Economic Association. Larry has more than 20 years of experience in the investment industry. Prior to joining CFA Institute, Larry worked at HSBC as senior manager for the Asia Pacific region. He started his career at the People’s Bank of China as a USD fixed-income portfolio manager. He also worked for US asset managers Munder Capital Management, managing US and international equity portfolios, and Morningstar/Ibbotson Associates, managing multi-asset investment programs for a global financial institution clientele. Larry has been interviewed by a wide range of business media, such as Bloomberg, CNN, the Financial Times, South China Morning Post and the Wall Street Journal.