Desfran Consulting

Financial technology (FinTech) becomes more relevant for its multitude of ability to cater the needs for a digitised approach in providing and improving the delivery and use of various financial services even when global supply chains come to a halt. This has also created promising investment opportunities for enterprises who wish to grow their business amid the financial crisis. Read more: https://bit.ly/2zJbtzE

Taiwan is becoming an attractive destination for Foreign Direct Investments (FDIs). A global leader in manufacturing products for the information technology sector, Taiwan relies its economy heavily on exports of high-tech and consumer goods. As technology advances, and regulations make business environments more conducive, the entry of foreign companies into the Taiwan market becomes more seamless .

Taiwan has a mature and ideal market for field-testing new business models. Backed with robust financial and data infrastructure, the nation has a high penetration of internet, credit cards, smartphones, providing a stable ground for FinTech to maximise the development of effectiveness. Yet, there has been a slow thaw due to several challenges and regulatory constraints  in Taiwan on FinTech developments .

Stablecoins are continually growing in popularity as they bring about stability in an uncertain and booming crypto market scene. Stablecoins facilitate the trading of digital assets as a semblance of real money. They are also designed to hold a stable value or at least values with minimal volatility but offer no appreciation in value. Learn why investors need to understand first the various limitations before utilising stablecoins as digital money for offshore banking .

Innovations using blockchain technology disrupted how companies and markets conduct business. Digital currencies are on the rise, particularly stablecoins, due to its convenience and opportunities it offers to businesses. For tech entrepreneurs who hire foreign talents offshore, stablecoins are the answer to efficiently move funds and improve the flow of capital .

The British Virgin Islands (BVI) lives up to its alias by being one of the foremost offshore financial centers underpinned with a thriving tourism sector. As the third largest cryptocurrency market in the world, BVI is no stranger to the FinTech industry. And as the FinTech industry evolves to encompass other business models, there is a need to foster advancements in the sector and assist startups in innovation .

Financial technology (FinTech) can be the key in pushing a country’s banking industry to the forefront of innovation. The government recognizes that and is readying Singapore in its metamorphosis into a smart financial centre. Considering Singapore’s incessant pursuit of new heights in the financial services industry, regulatory sandboxes are available to FinTech business owners seeking such platforms to validate their products .