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FWD Group spans Hong Kong & Macau, Thailand, Indonesia, the Philippines, Singapore and Vietnam, offering life and medical insurance, general insurance and employee benefits across a number of its markets.
Article | March 31, 2020
Fintech is considered one of the fastest growing industries, which is hardly surprising. Anyone who’s dealt with a bank recently would be overjoyed to discover a more customer-friendly financial service, with transparent fees and superior customer care. Transferring money through services like Venmo is a lot more convenient than any of the options provided by your local bank. Likewise, shopping for a loan using services like LendingTree is incredibly easy when compared to actually going to your bank, waiting, then dealing with the paperwork.
The modern world is constantly changing, offering more to societies across the globe than before. The recent technological development has proven to be unprecedented and revolutionary, changing the lives of millions in different corners of the world. The financial industry is one of the most affected sectors that is experiencing a major transformation due to a number of different factors. As a result, we now witness a diverse range of services in forms never seen before.
Financial infrastructure plays a critical role in a country’s economic development and stability. It determines how efficiently financial services can be provided. A high-quality infrastructure lends itself, among other benefits, to lower transactional costs and more accurate risk evaluations, improving lending and access to capital.
While the coronavirus pandemic sweeps the entire world, governments’ response to the international health crisis has led the global economy to a standstill. Extensive lockdowns and social distancing measures are leading to massive unemployment spikes and numerous businesses are already seeing dramatic loss of revenue and struggling to maintain their operations.
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