{"id":452573,"date":"2019-11-27T21:08:01","date_gmt":"2019-11-27T21:08:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=452573"},"modified":"2019-11-27T21:08:01","modified_gmt":"2019-11-27T21:08:01","slug":"deltec-bank-explains-current-trends-in-fintech","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/deltec-bank-explains-current-trends-in-fintech_452573.html","title":{"rendered":"Deltec Bank Explains Current Trends in Fintech"},"content":{"rendered":"
\"Deltec<\/a><\/p>\n
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Deltec Bank<\/div>\n<\/div>\n<\/div>\n
According to Deltec Bank, \u201cBanks will probably rely on AI even more in the future because of the technology\u2019s ability to automate tasks and processes. This will enable banks to provide quicker customer service.\u201d<\/p>\n<\/div>\n

The fintech industry is growing at a rapid rate.  According to a research report<\/a> from Business Insider Intelligence, funding for this industry reached $32.6 billion in 2018. <\/p>\n

This post will explore the most recent trends in fintech and what we can expect to see in the future. <\/p>\n

Asia is Becoming the Center of Technology<\/strong><\/p>\n

Although Silicon Valley is often associated with innovative technology, Asia<\/a> is quickly becoming a prominent player.  Asian companies are striving ahead of other markets by jumping on the current trends in fintech.<\/p>\n

Newzoo<\/a> claims that the number of total mobile users will reach 3.8 billion by 2021, with more than half that number coming from the Asia Pacific region.  This provides great opportunities for banks to team up with third parties for the purpose of developing and offering mobile payment options for this large number of mobile users.<\/p>\n

Some of the leading fintech companies<\/a> in Southeast Asia include:<\/p>\n