The ASEAN Fintech Ecosystem Benchmarking Study

CCAF, ADBI, FinTechSpace (2019). ASEAN FinTech Ecosystem Benchmarking Study. Cambridge, UK.

89 Pages Posted: 16 Mar 2021

See all articles by Miguel Soriano

Miguel Soriano

University of Cambridge - Cambridge Centre for Alternative Finance

Tania Ziegler

University of Cambridge - Cambridge Centre for Alternative Finance

Zain Umer

affiliation not provided to SSRN

Hungyi Chen

affiliation not provided to SSRN

Pawee Jenweeranon

Independent

Bryan Zheng Zhang

Cambridge Centre for Alternative Finance, Cambridge Judge Business School, University of Cambridge

David C. Donald

Chinese University of Hong Kong - Faculty of Law

Lin Lin

National University of Singapore (NUS) - Faculty of Law

Nafis Alam

Asia Pacific University of Technology and Innovation

Chih Shan Luo

affiliation not provided to SSRN

Rui Hao

University of Cambridge - Cambridge Centre for Alternative Finance

Ravi Vig

affiliation not provided to SSRN

Vy Dang H Thien

Ho Chi Minh City (HCMC) University of Law

Navinth Rethda

affiliation not provided to SSRN

Cindy Rachel Jessica

affiliation not provided to SSRN

Threenuch Bunruangthaworn

affiliation not provided to SSRN

Rozaiman Abdul Rahman

affiliation not provided to SSRN

Geraldine Oh Kah Yan

affiliation not provided to SSRN

Tuchakorn Kitcharoen

affiliation not provided to SSRN

Paula P. Plaza

affiliation not provided to SSRN

Christopher Louie D. Ocampo

affiliation not provided to SSRN

Kevin Liu

University of Cambridge - Cambridge Centre for Alternative Finance

Date Written: 2019

Abstract

The objective of this study is to gain a better understanding of the FinTech landscape in the ASEAN region and how it has been evolving within each country. The FinTech ecosystem is constituted of interrelated and purposively congruent stakeholders, including FinTech companies, financial institutions, investment firms, accelerators/incubators and regulators and policymakers. The ASEAN FinTech Ecosystem Benchmarking Study examines the different FinTech business models that have emerged, the main business strategies taken to market, the types of customers served, and the principal technology innovations being adopted. In addition, the report provides an opportunity for FinTech firms to share their views on the main priorities to expand outside of their home country, how regulations are impacting their businesses, their level of innovation, as well as the key risk factors that may hinder their growth and scale. A FinTech taxonomy has been developed to classify the FinTech firms and is referenced below. The analysis focuses on the top five FinTech business models based on the number of responses. In addition, the report provides key insights and perspectives of the FinTech landscape for the top five ASEAN countries (based on the number of responses).

Keywords: fintech, alternative finance, ASEAN, financial services, unbanked, financial access, financial inclusion, regulation, business strategies, blockchain, distributed ledger technology

Suggested Citation

Soriano, Miguel and Ziegler, Tania and Umer, Zain and Chen, Hungyi and Jenweeranon, Pawee and Zhang, Bryan Zheng and Donald, David C. and Lin, Lin and Alam, Nafis and Luo, Chih Shan and Hao, Rui and Vig, Ravi and Thien, Vy Dang H and Rethda, Navinth and Jessica, Cindy Rachel and Bunruangthaworn, Threenuch and Rahman, Rozaiman Abdul and Yan, Geraldine Oh Kah and Kitcharoen, Tuchakorn and Plaza, Paula P. and Ocampo, Christopher Louie D. and Liu, Kevin, The ASEAN Fintech Ecosystem Benchmarking Study (2019). CCAF, ADBI, FinTechSpace (2019). ASEAN FinTech Ecosystem Benchmarking Study. Cambridge, UK., Available at SSRN: https://ssrn.com/abstract=3772254

Miguel Soriano

University of Cambridge - Cambridge Centre for Alternative Finance

10 Trumpington Street
Cambridge, CB21QA
United Kingdom

Tania Ziegler (Contact Author)

University of Cambridge - Cambridge Centre for Alternative Finance ( email )

10 Trumpington Street
Cambridge, CB21QA
United Kingdom

Zain Umer

affiliation not provided to SSRN

Hungyi Chen

affiliation not provided to SSRN

Pawee Jenweeranon

Independent ( email )

Bryan Zheng Zhang

Cambridge Centre for Alternative Finance, Cambridge Judge Business School, University of Cambridge ( email )

Trumpington Street
Cambridge, CB2 1AG
United Kingdom

HOME PAGE: http://www.jbs.cam.ac.uk/ccaf

David C. Donald

Chinese University of Hong Kong - Faculty of Law ( email )

Faculty of Law
6/F, Lee Shau Kee Building
Shatin, New Territories
Hong Kong
852 3943 1042 (Phone)
852 2696 1040 (Fax)

HOME PAGE: http://www.law.cuhk.edu.hk/en/people/info.php?id=10

Lin Lin

National University of Singapore (NUS) - Faculty of Law ( email )

469G Bukit Timah Road
Eu Tong Sen Building
Singapore, 259776
Singapore

Nafis Alam

Asia Pacific University of Technology and Innovation

Technology Park Malaysia
Bukit Jalil
Kuala Lumpur, Kuala Lumpur 51700
Malaysia

Chih Shan Luo

affiliation not provided to SSRN

Rui Hao

University of Cambridge - Cambridge Centre for Alternative Finance

10 Trumpington Street
Cambridge, CB21QA
United Kingdom

Ravi Vig

affiliation not provided to SSRN

Vy Dang H Thien

Ho Chi Minh City (HCMC) University of Law

2 Nguyen Tat Thanh Street
District 4
Ho Chi Minh City
Vietnam

Navinth Rethda

affiliation not provided to SSRN

Cindy Rachel Jessica

affiliation not provided to SSRN

Threenuch Bunruangthaworn

affiliation not provided to SSRN

Rozaiman Abdul Rahman

affiliation not provided to SSRN

Geraldine Oh Kah Yan

affiliation not provided to SSRN

Tuchakorn Kitcharoen

affiliation not provided to SSRN

Paula P. Plaza

affiliation not provided to SSRN

Christopher Louie D. Ocampo

affiliation not provided to SSRN

Kevin Liu

University of Cambridge - Cambridge Centre for Alternative Finance

10 Trumpington Street
Cambridge, CB21QA
United Kingdom

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