Asset Management Investments as an Indicator of Adoption of AI and Technology in Asia's Financial Services
This IDC study reviewed US$2.5 billion of recent venture capital investments across Asian fintech startups. We have been able to identify several use cases of potential technology investments for both the technology suppliers and buyers. These use cases have a few aspects in common. Less than 10% are totally new business models, whereas 90% are improvements on the existing model; they are largely AI-driven and are nicely distributed between proof of concept (75%) and scale-ups (25%)."As a banker and an insurer, I often wondered why financial services hesitated to adopt new technologies. I often thought it was due to the close regulatory monitoring. Reviewing these use cases, I think banks may be missing a trick. These are intuitively simple; and can lead to drastic improvements," said Ashish Kakar, research director, IDC Financial Insights.
Please Note: Extended description available upon request.
- Executive Snapshot
- New Market Developments and Dynamics
- Objective
- Asset Management Segments
- Illiquid Investments
- The Current State of the Market
- Asian Investment Thesis
- Current Investment Trends
- Large Platforms ― Engagement Platforms, Digital Banks, and Digital Insurers
- SME Lending
- Recently Funded Use Cases of SME Lending, Wallets, and Expense Management
- Business Lending Use Case
- Banking as a Service
- First Use Case
- Second Use Case
- Engagement Platform
- AI Is Becoming Central to Financial Services Innovations
- Advice for the Technology Supplier
- Learn More
- Related Research
- Synopsis
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook