Banks under threat from aggressive fintech start-ups

Non-bank players are clinching a larger market share.

Traditional banks are under threat from aggressive alternative banking firms, or FinTechs, a report by Deloitte revealed.

According to Deloitte, these players are beginning to transform the financial sector by creating disruption practices such as providing online banking and offering a wider spectrum of new services, such as mobile payments and crowd-funding.

“Coming quickly from behind are the FinTechs that are transforming the financial sector by revamping offerings and solutions in the new digital landscape, thus obtaining first-mover advantages and seizing the opportunities that the banks miss out by being inward looking,” said Mohit Mehrotra, an Executive Director with Deloitte Consulting.

In mature markets such as Singapore, there is an increased interest in utilising real-time analytics that could be integrated into business processes.

The report showed that about 94% of businesses in Singapore have plans to increase or maintain real-time data analytics and business intelligence related spending from 2011 to 2012.

Amongst the 94%, 54% have indicated that the spending on business intelligence and real-time customer and business analytics will stay the same, 32% indicated that the spending will increase by 5% to 10%, and 8% indicated that the spending will increase by more than 10%.

The people you want to reach are already in this room.

Every quarter, SBR lands on the desks of the founders, CFOs, and directors running Asia's most consequential companies. Every day, they open our newsletter and read our website. It's a room that took twenty years to build — and it's the one most of our partners are trying to get into.

The good news is that the door is open. We work with companies on thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. The shape of the right partnership depends on what you're trying to do, which is why we'd rather start with a conversation than send a rate card.

If you have something this room should know about, tell us. We'll tell you honestly whether we can help, and how.

No rate cards until we understand the brief. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia