Strong fintech opportunities still open in emerging, developed Asia markets: Fitch Solutions

Singapore

THERE are still strong opportunities for existing and new financial technology (fintech) players to enter both developed and emerging markets across Asia, said Fitch Solutions Macro Research in its latest Asia fintech report.

It said the fintech sector in Asia is driven by substantial venture capital funding, and supported by consistent expansion of advanced mobile broadband, proactive financial regulators and a private sector that's keen to expand fintech services.

"The diverse landscape across Asia with differing market maturities present a wide range of opportunities for fintech companies and investors," said Fitch Solutions. "The biggest draw of the region, undoubtedly, is its massive population; Asia will be home to over 54 per cent of the global population of 7.71 billion by the end of 2019, generating aggregate GDP (gross domestic product) of US$…