Везде

RAS History & PhilologyАзия и Африка сегодня Asia and Africa Today

  • ISSN (Print) 0321-5075
  • ISSN (Online) 2782-2389

Singapore and Hong Kong are Leaders of Asia in FinTech and ICT Industries Development

You can
PII
S0321507525010036-1
DOI
10.31857/S0321507525010036
Publication type
Article
Status
Published
Authors
Victoria Zabolotskaya
  • Occupation: PhD (Economics), Associate Professor, Department of Management, Head of the Master’s Program “International Business Management”, Institute of World Economy and Business
  • Affiliation: RUDN University
Abstract
The research proposes an approach for assessing the effectiveness of FinTech and ICT sectors using the international rating and method of statistical analysis for digital and ICT indicators. The author determined the competitive advantages of Singapore and Hong Kong in the Global FinTech and ICT Market and the factors behind lagging Asian countries in this area for 2014-2024. For adaptation of experience of Singapore and Hong Kong into practice, it could be useful to develop infrastructure by: creating a FinTech center and platforms for the exchange of commercial and credit data based on Artificial Intelligence and Blockchain, including a cross-industry register of financial institutions and Fintech providers, as well as improving the efficiency of incubators, accelerators, FinTech “sandboxes” in the regions and introduction of FinTech services laboratories under the Governments and in universities. According to the experience of Singapore, the author proposed the improvement of the quality of Higher education for FinTech & ICT specialists by intensifying cooperation between universities, key financial centers and FinTech providers.
Keywords
Азия Сингапур Гонконг финансовые технологии конкурентоспособность информационно-коммуникационные технологии Интернет
Date of publication
11.11.2025
Year of publication
2025
Number of purchasers
0
Views
56

References

  1. 1. Wang Y. 2021. Can FinTech improve the efficiency of commercial banks? - An analysis based on big data. Y. Wang, S. Xiuping, Q. Zhang. Research in International Business and Finance. Vol. 55 (C).
  2. 2. Allen F. 2021. A Survey of FinTech Research and Policy Discussion. F. Allen, X. Gu, J. Jagtiani. Working Papers. 20-21. Revised. Federal Reserve Bank of Philadelphia. Consume Finance Institute. February. 78 p.
  3. 3. Barroso M., Laborda J. 2022. Digital transformation and the emergence of the FinTech sector: Systematic literature review. Digital Business. Vol. 2. Iss. 2. 100028. https://doi.org/10.1016/j.digbus.2022.100028
  4. 4. Федотова М.А. Демьянова Е.А. 2018. Совершенствование методов стоимостной оценки финтех компаний. Имущественные отношения в РФ. № 4 (199). С. 22-32.
  5. 5. Заболоцкая В.В., Костенко Д.К. 2024. Оценка конкурентоспособности развития индустрии финансовых технологий Гонконга и РФ. Экономика: теория и практика. № 1 (73). С. 54-64. DOI: 10.31429/2224042X_2024_ 73_54
  6. 6. Ильина Т.Г., Ван Икэ. 2023. Сравнительный анализ финтех-рынков (FinTech) в России и Китае. Вестник Томского государственного университета. Экономика. № 63. С. 221-233. DOI: 10.17223/19988648/63/13
  7. 7. World Digital Competitiveness Ranking. IMD. 2014-2024. https://www.imd.org/centers/wcc/world-competitiveness-center/rankings/world-digital-competitiveness-ranking/ (accessed 28.11.2024)
  8. 8. Zhou Jianxin, Liu Yifan. 2023. HK FinTech Week makes city’s competitiveness different. China Daily. 02.11.2023. https://www.chinadailyhk.com/article/359408. (accessed 07.07.2024)
  9. 9. Morris Н., Wardle M., Mainelli M. 2020. The Global Financial Centres Index. 32 p. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3701489 (accessed 07.02.2024)
  10. 10. The Global Financial Centres Index 2021-2024. https://www.longfinance.net/programmes/financial-centre-futures/global-financial-centres-index/gfci-publications/ (accessed 24.10.2024)
  11. 11. The Global FinTech Index 2020-2021. https://en.ac-mos.ru/ratings/findexable-the-global-FinTech-index/ (accessed 07.02.2024)
  12. 12. QS World University Rankings by Subject 2024: Engineering & Technology 2024. https://www.topuniversities.com/university-subject-rankings/engineering-technology?region=Asia (accessed 24.10.2024)
  13. 13. Median Country Speeds December 2024. Speedtest Global Index. https://www.speedtest.net/global-index (accessed 24.10.2024)
  14. 14. Fomon J. The Speedtest Global Index Shows These Countries Speed Forward for Internet Experience in 2022. Ookla. https://www.ookla.com/articles/global-index-internet-speed-growth-2022 (accessed 07.07.2024)
  15. 15. Monis E., Pai R. 2023. Neo Banks: A Paradigm Shift in Banking. International Journal of Case Studies in Business, IT, and Education. V. 7 (2). Pp. 318-332. DOI: https://doi.org/10.5281/zenodo.8011125
  16. 16. The list of neobanks and digital banks in the world in 2024. NeoBanks.app. 01.03.2024. https://neobanks.app/ (accessed 27.06.2024)
  17. 17. Ivankina M. Neobanks Ranking. Top Neobanks and Online Banks (Worldwide Lists). Monito. 30.05.2023. https://www.monito.com/ru/neobanki (accessed 16.07.2024)
  18. 18. Dagli M. Singapore named one of top countries with most FinTech unicorns. Asian Banking & Finance. https://asianbankingandfinance.net/financial-technology/in-focus/singapore-named-one-top-countries-most-FinTech-unicorns (accessed 27.03.2024)
  19. 19. Венгеренко Н. 2023. Система быстрых платежей для бизнеса: как работает и как подключить к сайту. Workplace. 17.03.2023. https://workspace.ru/blog/sistema-bystrykh-platezhey-dlya-biznesa/ (accessed 07.02.2024)
  20. 20. Global FinTech Adoption Index 2019. 44 p. https://assets.ey.com/content/dam/ey-sites/ey-com/en_gl/topics/banking-and-capital-markets/ey-global-FinTech-adoption-index.pdf (accessed 07.07.2024)
  21. 21. Kuzhanthaivel A. Singapore’s digital economy contributed S$106 billion to 2022 GDP. https://www.itnews.asia/news/singapores-digital-economy-contributed-s106-billion-to-2022-gdp-601027
  22. 22. Hong Kong Smart City Blueprint 2.0. 2022. 36 p. https://www.smartcity.gov.hk/modules/custom/custom_global_js_css/assets/files/HKSmartCityBlueprint (ENG)v2.pdf (accessed 09.07.2024)
  23. 23. Заболоцкая В.В. Сингапур: государственная поддержка малого и среднего предпринимательства. Азия и Африка сегодня. 2020. № 2. С. 43-49. DOI: 10.31857/S032150750008472-1
  24. 24. Kemp S. Digital 2023: Hong Kong. 09.02.2023. Data Reportal. https://datareportal.com/reports/digital-2023-hong-kong (accessed 08.02.2024)
  25. 25. Howe S. Social Media Statistics in Singapore [Updated 2023]. https://www.meltwater.com/en/blog/social-media-statistics-singapore (accessed 7.07.2024)
  26. 26. Kemp S. Digital 2023: The Russian Federation. 13.02.2023. Data Reportal. https://datareportal.com/reports/digital-2023-russian-federation (accessed 11.07.2024)
  27. 27. Unicorns by Country 2024. https://worldpopulationreview.com/country-rankings/unicorns-by-country (accessed 11.11.2024)
  28. 28. Duarte F. Countries with the Highest Number of Internet Users (2024). https://explodingtopics.com/blog/countries-internet-users (accessed 11.11.2024)
QR
Translate

Индексирование

Scopus

Scopus

Scopus

Crossref

Scopus

Higher Attestation Commission

At the Ministry of Education and Science of the Russian Federation

Scopus

Scientific Electronic Library