The “Singapore Embedded Finance Business and Investment Opportunities Databook – Q2 2024 Update” has been added to ResearchAndMarkets.com’s offering. The embedded finance industry in Singapore is projected to grow by 11.2% annually, reaching US$2.25 billion in 2024. Over the forecast period, it is expected to expand at a CAGR of 23.8%, growing to US$6.54 billion by 2029.
This comprehensive report provides detailed insights into the embedded finance sectors, including lending, insurance, payments, and wealth management. It features over 75 KPIs and examines market dynamics, risks, and opportunities. Singapore’s thriving fintech ecosystem, driven by open banking, technological advancements, and strategic partnerships, continues to fuel growth in the sector.
Recent innovations, such as KPMG’s Embedded Finance Hub and Atome’s improved payment solutions, highlight the industry’s dynamism. Strategic partnerships like the collaboration between Funding Societies and SGeBIZ further enhance financial accessibility.
Regulatory advancements, such as initiatives by the Monetary Authority of Singapore (MAS), ensure balanced growth, positioning Singapore as a fintech leader in Asia.
Key Highlights:
- Product & Innovations: Launch of KPMG’s Embedded Finance Hub and Atome’s enhanced payment solutions.
- Strategic Partnerships: Funding Societies and SGeBIZ collaboration for B2B embedded finance.
- Regulatory Changes: MAS’s forward-thinking approach and initiatives like the BNPL framework.
The report offers valuable insights for companies looking to navigate and capitalize on Singapore’s growing embedded finance landscape.
