CLICK TO WATCH : MONEY20 / 20 ASIA HIGHLIGHTS
39 a fintech can swoop in to fill a gap in the market .
“ I think one of the biggest challenges for traditional financial institutions in Asia is fragmentation ,” affirms Kapron . “ You have multiple countries , hundreds of dialects and languages , multiple regulators … there is very little cohesion . The way you ’ d set up a business in Singapore is different with how you ’ d run it in the Phillippines or Indonesia . Here in Asia , financial institutions have their work cut out for them .”
For organisations looking to grow
across this disparate region , Kapronasia aims to “ take the risk out of expansion into Asia ”. With regulation a challenge for many companies especially as new technology breeds updated rules , the consultancy works with its clients to provide up-to-date insight . “ One of our products is an update service that looks at all the regulation in China ,” says Kapron . “ Often for clients , we ’ ll analyse these regulations and then look at the impact for the particular client . How they action that is up to them , but we try to equip
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