Put People First to Get Fintech Right in Asia


As the Year of the Rooster gives way to the Year of the Dog, fintech remains very much in the news and on investors’ minds.

From blockchain to bitcoin, ethereum and other cryptocurrencies, and initial coin offerings that allocate “tokens” as a new means of crowdfunding capital, the language and disruptions buffeting the mainstream banking and financial services industry can seem overwhelming.

But beyond the multimillion-dollar, headline-grabbing investments and acquisitions, what does financial technology actually mean for the people of Asia? Across the region, fintech deals continue to make waves. And while much of the venture capital in Asia has predominantly flowed into China, particularly among a handful of large tech companies, other countries also are seeking to position themselves as fintech hubs, says Mr Jackson Mueller, associate director at the Milken Institute’s Centre for Financial Markets...

Co-authored by Curtis S. Chin and Jose B. Collazo

from Singapore Straits Times

READ FULL TEXT

Ambassador Curtis S. Chin

Curtis S. Chin served as U.S. Ambassador to the Asian Development Bank under Presidents George W. Bush and Barack Obama. He currently serves at the Milken Institute as Asia fellow and is a managing director at the advisory firm RiverPeak Group LLC.


Sign up for

AMERICAN AMBASSADORS Weekly

The weekly newsletter delivered to your inbox every Friday with the top foreign policy news of the week followed by former U.S. Ambassadors's responses.

White-No Text-Blue Stars.png