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Northern and Southeast Asian Banking Technology
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Author(s): Dharmesh Dhabliya (Vishwakarma Institute of Information Technology, India), Ankur Gupta (Vaish College of Engineering, India), Sukhvinder Singh Dari (Symbiosis Law School, Symbiosis International University, India), Ritika Dhabliya (Yashika Journal Publications Pvt. Ltd., India), Anishkumar Dhablia (Altimetrik India Pvt. Ltd., India), Nitin N. Sakhare (BRACT'S Vishwakarma Institute of Information Technology, India), Sabyasachi Pramanik (Haldia Institute of Technology, India)and Soma Bag (Asadtala Nivedita Kanya Vidya Math, India)
Copyright: 2024
Pages: 29
Source title:
Recent Developments in Financial Management and Economics
Source Author(s)/Editor(s): Abdelkader Mohamed Sghaier Derbali (Taibah University, Saudi Arabia)
DOI: 10.4018/979-8-3693-2683-1.ch004
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Abstract
For the first time in 2017, FinTech investments in the Asia-Pacific area surpassed those in North America. The majority of these FinTech suppliers are based in North-East Asia, which includes developed nations like Japan and South Korea as well as rapidly expanding emerging markets like China. Data analytics, network externalities, and interlaced operations in the North and East Asia area make them stand out as severe rivalry attacks the sector with technology. This chapter aims to give a thorough knowledge of the changing financial environment in the FinTech context in China, Japan, Taiwan, South Korea, and Mongolia by illuminating the adoption path of FinTech throughout the region. The user's text is empty. Our findings generally favor the privatization of banks and the elimination of state ownership for economic reasons. The potential advantages of foreign ownership may need a longer period of time to be fully exploited. The primary obstacle faced by privately-owned domestic banks is enhancing bank efficiency.
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