CMBYC Launches New Scenarized Connection With the Characteristic Model for the Innovative Application of Fintech in Emerging Market
Shenzhen, China, Nov. 16, 2022 (GLOBE NEWSWIRE) — As digital transformation advances rapidly across the globe, fintech has gained strong momentum as a disruptive innovation force in the past few years. Unlike in Europe and America, the development of fintech in emerging markets such as China, India and Southeast Asia shows distinctive characteristics, which has garnered increasing attention.
One of the manifestations is the rising power of fintech institutions represented by banks.
Globally, commercial banks have always been the major force to lead reformations in traditional financing activities. Though emerging economies are late-comers in the financial industry, they are willing to commit to building up their digital power. Taking Chinese mainland as an example, a number of commercial banks with strong technology capabilities have successfully navigated their digital transformation, and exported their fintech capabilities through technical…