Beyond Mobile Money: The Future of Asia’s FinTech

Mobilemoney has been the hottest part in financial technology for the last few years.But FinTech is more than just how people store money and transact（交易）--the space is much more horizontal, short cutting how we create, share, and protect value.

The latest product of FinTech companies to     1     in Asia Pacific illustrates the many ways the space can help consumers beyond just their mobile wallet. It is important for all businesspersons to be aware of these trends, as their success opens up all sorts of possibilities for companies to     2     with them. And, on a much deeper level, new FinTechs may     3     consumer expectations in even other tech industries.

The Smart-phone Emerges a Credit -Scoring Standard

With close to half a billion     4     consumers in Southeast Asia alone, there is an entire industry of FinTechs devoted to finding ways to accurately determine their credit - worthiness to give them     5     to finance. Unfortunately, since they don’t have bank accounts, such FinTechs cannot rely on     6     financial information or credit card payments.

Onecredit scoring source emerging as a new standard in the field is smart-phone-based credit scoring. It has     7     broad global support, including from the likes of the World-Bank. In one of its reports, the Asian Development Bank even stated that mobile data was a key to financial     8    , as it could improve customer recording, and, in turn, get an access to credit.

AI Combines with the Wisdom of the Crowd

The most common slogan in today’s tech headlines is the “artificial intelligence.”Readers are fascinated with how AI has the     9     to transform every consumer and enterprise（企业）industry. While such focus is appropriate that AI will     10     change the world, it leaves out a crucialelement that will go hand - in - hand with its rise: the wisdom of the crowd.