Some of the biggest stories in finance are coming out of Asia these days—which makes it an incredibly exciting time to be traveling to Singapore for Money20/20 Asia to showcase our solutions next week. Singapore is a hotbed of fintech partnerships, with KPMG pointing to record fintech funding (to the tune of $122.75 million) in Q4 of 2017 alone. One fact that I found interesting, out of 27 “fintech unicorns” —startups with valuations exceeding $1 billion—nine (or one third) are based in APAC.
Stories like these offer an interesting window into the future of global commerce and payments. We’re in a period of prolonged disruption which requires banks and retailers to differentiate from these emerging competitors in new ways. However, the data is showing that this isn’t a simple story of pushing further online, but the best players need to extend their transformations across all channels.
To differentiate, banks and retailers must accelerate their physical channels—whether it be point-of-sale, ATM, branch or store—and integrate them much more tightly to the digital experience.
We plan to bring this to life at Money20/20 Singapore. By partnering with us, our clients can transform their operations to unlock agility and efficiency across their physical distribution channels which enables them to differentiate the entire consumer journey.