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The Hanoitimes - Fintech – the fusion of finance and technology – could be a game-changer for inclusive economic growth amidst the pandemic. Financial technology (fintech), or the fusion of finance and technology, has emerged as a new model for financial innovation. Fintech covers a constellation of complementary technologies—including mobile networks, big data, cloud computing, distributed ledger technology, artificial intelligence (AI), and data analytics—that jointly shape a broad swathe of operations in the financial industry. In India, mobile phones are being used to create “human ATMs” that provide greater access to fintech services. Photo: Ravi Sharma The past few years have witnessed the rapid growth of investment in fintech. It has already left its imprint on a wide array of financial services, including microfinance, blockchain, payments, personal finance, digital banking, insurance, wealth management, capital markets, money transfers, and mortgages. … [Read more...] about Fintech is emerging as a driver of innovative financial solutions during Covid-19

Small investors oppose expanding trading lot Ho Chi Minh City Stock Exchange (HOSE)’s proposal to raise the minimum trading lot to 1,000 shares is receiving mixed opinions from market experts and investors. The proposal was initiated by newly-appointed General Director of HOSE Le Hai Tra as a solution to reduce system overloads which have troubled traders recently. A 1,000 minimum trading lot will limit the participation of small investors, while the stock market is moving towards fairness and equality, said a budding investor. “My friends and I, when joining the stock market, only have a few tens to several hundreds of millions of dong, raising the minimum trading lot to 1,000 shares will directly affect our investment capacity,” said individual investor Diep. “With expensive stocks, we may have to spend hundreds of millions of dong to buy the minimum 1,000 shares,” she said. According to Diep, the stock market has never had such a chance for growth. New cash flow into … [Read more...] about VIETNAM BUSINESS NEWS MARCH 8

The new IBM study about gender equality covers 10 industries and nine geographic regions The study also shares the actions that can help drive bold and sustainable change in business, with learnings from companies who rank gender inclusivity as a top business priority. The global study “Women, leadership, and missed opportunities” which follows similar research published in 2019, also shows that gender equity may be at a crossroads, with the leadership pipeline for women shrinking. Fewer women surveyed hold senior vice president, vice president, director and manager roles in 2021 than they did in 2019. “The data show that many women leaders are experiencing challenges at this moment. If these issues are not addressed more deeply than in prior years, there is a risk of progress backsliding further,” said Bridget van Kralingen, senior vice president, global markets, IBM and senior executive sponsor of IBM Women's Community. “We should seize creative solutions now and redouble … [Read more...] about IBM releases inclusive study about gender equality

The Hanoitimes - The merging would create a stronger firm capable of rivaling regional players such as Lazada and Shopee in Vietnam’s retail market. Vietnam’s two major e-commerce platforms Tiki and Sendo are reportedly holding exploratory talks to merge with each other, according to Deal Street Asia. As of present, both Tiki and Sendo have not commented on this issue. In case the deal materializes, the merging would create a stronger firm capable of rivaling regional players such as Alibaba-backed Lazada and Singapore-based SEA Limited’s arm Shopee in Vietnam’s retail market. One of the key issues for e-commerce operators are financial capabilities, as most companies are suffering huge losses in operation. The trend is forecast to continue for foreseeable future as companies are trying to maintain their position in the market or risk being shown the door with empty hand. Data: Cafef. Chart: Nguyen Tung. Data from Cafef showed in the 2015 – 2016 period, … [Read more...] about Vietnam’s e-commerce firms Tiki and Sendo rumored to engage in merging talks

The Hanoitimes - Sendo, along with homegrown marketplace Tiki, is competing with regional players like Lazada and Shopee for shares in Vietnam’s e-commerce market. Vietnamese e-commerce retailer Sendo has secured US$61 million in a series C round – its largest raise to date, Tech in Asia reported. According to a statement, the round saw participation from existing backers such as SBI Group, Beenos, SoftBank Ventures Asia, Daiwa PI Partners, and Digital Garage, along with new investors including EV Growth and Thailand’s Kasikornbank. The company plans to use the fresh funds to expand its integrated platform offering for both sellers and consumers and invest in AI and machine learning to enhance customer experience, said Sendo CEO and co-founder Tran Hai Linh. Prior to the series C round, Sendo received US$51 million in a series B funding round led by Japanese financial services giant SBI Group in August 2018. Linh said that while the company has hit its annualized gross … [Read more...] about Vietnam’s e-commerce retailer Sendo bags US$61 million in series C funding