Top 5 Fintech Whitepapers to Keep You Ready for the Future

The digital payments market in Asia Pacific is expected to more than triple to $67.42 billion by 2028, according to a recent estimate. It is growing at a healthy 21.1 percent CAGR from USD 17.85 billion by 2021, driven by customers’ familiarity with doing things online, a supportive environment for financial inclusion, and increasing availability of technologies.

Such favorable figures and conditions will surely attract more competitors to enter the market and higher user expectations for better digital solutions. And payments are only part of the whole ecosystem.

The following five whitepapers show some recent thoughts and trends in fintech and digitalisation. They offer leading insight into the industry, not limited to digital payments, and where it is headed.

Improving Predictive Modeling Accuracy for Fintech Companies with Data-Centric AI

Mobilewalla

Make data work more for you. The Improve predictive modeling accuracy for Fintechs with data-centric AI guide shows you how enriching the foundation for AI can lead to better results. It includes a case study showing that “algorithm sophistication cannot compensate for lack of data depth.”

The report touches on these three main points: how data quality, breadth and depth are critical to building accurate predictive models; how data enrichment and feature engineering benefit AI in fintech; and why the data-centric AI philosophy is the way forward for the expanding world of AI.

The white paper was prepared by consumer intelligence and mobile marketing solutions provider Mobilewalla, which counts Ford, Mindshare, Nokia, Starbucks and Unilever among its users. An Inc 5000 company, Mobilewalla is known for being a market disruptor as it rotates and innovates continuously with data at the heart of the idea – to think, dream and live on.

The key to digital payment compliance in Asia Pacific

Jumio

You need accuracy and speed if you work with online transactions and want to get ahead of the pack. The key to digital payment compliance in Asia Pacific provides an in-depth look at what you need to know, including: Know Your Customer (KYC) and Anti-Money Laundering (AML) financial compliance requirements; red flags in money transfers; optimize customer experience and protection, and design efficient and effective compliance flows.

Mobile payment and identity verification company, Jumio, shared its industry knowledge and expertise in the report. Founded in 2010, Jumio is trusted by leading companies such as Paysafe, HSBC and Airbnb and has processed over one billion transactions in 200 countries and territories.

Payments in the Metaverse: (Almost) Everything You Wanted to Know

Open road

Metaverse, NFTs and Cryptos continue to make headlines. There is a lot of interest and investment in the development. Their potential as a next-level market is huge, as is the risk.

If you don’t know where to start to understand this new and evolving space to live and make money, Payments in the Metaverse: (Almost) Everything You Wanted to Know is a good starter.

The white paper delves into the different metaverses and the role of payments and cryptocurrency in the metaeconomy. It also looks at the strategies companies use to give you an idea of ​​how to get a piece of the pie or inspire you to develop your solutions. It also addresses the concerns of entering the Metaverse, from first move advantages to risks and unknowns.

This detailed guide is produced by top-rated digital banking and payment provider Openway. The technology is used by financial and non-financial institutions in 83 countries as part of their digital transformation and to increase easy and convenient payments. Their clients include AIS Thailand, Bank Rakyat Indonesia, Comdata, LOTTE Financial Services, Payoneer and more.

The tipping point for core migration

Mambu

Don’t let your old core platform hold you back or worse. With advancing technology and market expectations, this is not the time for banks and financial institutions to be complacent. The Core migration tipping point white paper describes the situation.

Moving from a traditional legacy platform to a cloud-based core could save $246.1 billion, or a 15 percent reduction in IT spending, over five years for banks globally, according to an analysis by Celent and Mambu in the report.

They also looked at the factors considered when deciding to switch and how the upgrade can reduce total cost of ownership (TCO).

Mambu is the industry leader in cloud banking and fintech.

The SaaS cloud banking platform serves over 250 customers, from microfinance institutions and fintech startups to telcos and banks, with more than 85 million end users. Bank Islam, Grameen America, Lumi, Mynt, N26, OakNorth, Western Union and Zest Money are some of the institutions extending the success of Mambu.

Accelerated Build: Bridging the Build vs. Buy Gap

Background

To build or to buy? That is the question most banks have when planning to update their infrastructure. But why choose one when you can do both? That’s the theme in Accelerated Build: Bridging the Build vs. Buy Gap.

The report considers the pros and cons of building and buying before the hybrid option is introduced. It shows how accelerated construction can be quick to market and highly customizable. A six-dimensional framework is also provided to guide you in assessing the best route to take your bank to the next level.

Fintech company Backbase has been helping banks transform their customers since 2003. It continues to improve banking services for over 50 million people through its more than 150 financial partners worldwide, such as Berenberg, Greater Bank, State Employees’ Credit Union (SECU) , TPBank and more.

More resources and information

More resources, such as e-books and whitepapers, can be found here: fintechnews.sg/whitepapers

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