East & Partners Singapore Markets Briefing - Wrap Up
(28 April 2017 – Singapore) Asian market insights on Trade & Supply Chain Finance, Business FX developments as well as fintech role in corporate treasuries were the key topics at East’s Open Markets Briefing in Singapore on 27 April.
Trade & Supply Chain Finance was at the centre of attention during the Briefing, with insights from East latest released Asian Trade Finance and South East Asia Supply Chain reports; were revealed to an open client breakfast in the City.
Trends in supply chain financing for the region were presented, and particular interest was shown in the use of blockchain technologies as eventual solutions to supply chain financing needs along with competitive customer pitching in trade finance segment.
Business FX market developments were also a focus of deep interest with participants, encouraging significant discussion around the levels of engagement of hedging FX products in a volatile market environment (such as post Brexit, growth slowdown in China among others).
The dynamics driving wallet share and primary relationship share for providers in Asia were presented, drawing upon trended reporting from the last three years, demonstrating how mind share has become the key driver of brand market share performance as opposed to the historical influencers of product and service satisfaction.
Insights were also shared from East’s unique research into the adoption and use of FinTech in corporate treasury from research conducted globally across eight international markets. Results shows that Singapore is taking Fintech revolution seriously to maintain its ranking on the world stage.
Forecasts tabled in the Briefing, however, show that China is set to take the lead with treasury spend on FinTech and, notably, direct equity investment in FinTech providers. While Singapore is the second fastest adopter of tech spend committed.
Comments received from attendees included “great and very interesting”, and “A very worthwhile investment in time”.
Thanks to all our guests for joining us.
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