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Paving the Way for the Development of FinTech Initiatives in ASEAN

Paving the Way for the Development of FinTech Initiatives in ASEAN

Copyright: © 2020 |Pages: 28
ISBN13: 9781522591832|ISBN10: 1522591834|ISBN13 Softcover: 9781522591849|EISBN13: 9781522591856
DOI: 10.4018/978-1-5225-9183-2.ch004
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MLA

Hamdan, Mahani, and Muhammad Anshari. "Paving the Way for the Development of FinTech Initiatives in ASEAN." Financial Technology and Disruptive Innovation in ASEAN, edited by Muhammad Anshari, et al., IGI Global, 2020, pp. 80-107. https://doi.org/10.4018/978-1-5225-9183-2.ch004

APA

Hamdan, M. & Anshari, M. (2020). Paving the Way for the Development of FinTech Initiatives in ASEAN. In M. Anshari, M. Almunawar, & M. Masri (Eds.), Financial Technology and Disruptive Innovation in ASEAN (pp. 80-107). IGI Global. https://doi.org/10.4018/978-1-5225-9183-2.ch004

Chicago

Hamdan, Mahani, and Muhammad Anshari. "Paving the Way for the Development of FinTech Initiatives in ASEAN." In Financial Technology and Disruptive Innovation in ASEAN, edited by Muhammad Anshari, Mohammad Nabil Almunawar, and Masairol Masri, 80-107. Hershey, PA: IGI Global, 2020. https://doi.org/10.4018/978-1-5225-9183-2.ch004

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Abstract

Financial technology (FinTech) is not one to be ignored under any circumstances. It is not only growing as a concept but a phenomenon that has been manifested in non-financial sectors using innovative technology to bring financial services straight to the customers. The creation and practical applications of FinTech supported by government regulations and financial policies, high mobile adoption, rising rates of internet penetration, and increasingly literate and millennial generation, strongly indicates that the various scopes of FinTech in ASEAN are very promising in supporting economic growth and financial inclusion. This chapter will provide an overview of FinTech and examine the development of FinTech initiatives to shed light on some challenges and solutions facing the ASEAN's financial landscape today and in the future.

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