FUCO&SOLUTION provides strong business document solutions to banks in Greater China to help evolve their customer services for the digital world. The company specializes in assisting financial institutions in customer communication and account management.
Capabilities such as mobile banking have quite significantly changed the way banks and other financial institutions connect with their customers. Banks can now carry out output management efficiently by producing account statements, which users can conveniently access using their smartphones. While these statements serve the purposes of providing the transaction details and account summary to the customers, they lack when it comes to cross-selling of bank’s products. Alex Lin, Chairman and CEO of FUCO&SOLUTION believes that financial bank statements are the most efficient and valuable channels for communication between banks and customers. Considering this, FUCO&SOLUTION monetizes the bank statements and enables cross-selling and up-selling of financial products along with effective content management.
SAN JOSE, Calif. — Getting a mortgage is a terrible experience. It is expensive and time-consuming, and a lot of work to gather documents and data. It makes sense that fintech startups are taking on mortgages, but the uptake has been slow — until today.
It looks like this company is based in Taiwan. Showing a mobile browser-based that once again looks slick. I know you are tired of reading this but we are seeing GREAT UI’s that are browser-based that look like apps. I’m having hard time getting a handle on their USP but I think it’s an Omni-channel solution SAAS for FI’s. I’ll try to stop by their stand and see if they have any U.S.banks as clients.
Yesterday, a few mortgage services took the stage here at Finovate, such as Ellie Mae, and Finicity, which aim to speed up and simplify the residential mortgage process, as well as Spacequant, which took on commercial mortgages. Day 2 began and ended with mortgagetech, setting the tone for the rest of the
Founded in Taipei, Taiwan in 2015, with solid and comprehensive financial industry know-how, Fuco&Solution provides business document solutions to banks in Greater China to help evolve their customer services into the digital world.
Fuco&Solution's platform includes an integrated CRM, content management system, omnichannel customer communication module, along with data analysis. It provides high-quality, interactive, personalized statements for banks to use in communicating with their customers. Reducing client friction, the statements generate a higher opening rate, and system data analysis will help identify cross-selling and up-selling of other financial products.
Fintech investments in ASEAN countries in 2018 will exceed the $5.7 billion invested in 2017 by 20% to 30%, according to the report, which surveyed more than 60 private fintech firms.
89% of those surveyed say low penetration of banking services in the region makes ASEAN countries ripe for fintech. In Southeast Asia, 73% of the adult population lacks a bank account, according to KPMG. This lack of traditional financial services offers fintechs a huge addressable market without the competitive pressures fintechs in developed economies have to contend with.
Southeast Asia is a historically underbanked region. As of 2018, only 47% of adults in the region had a bank account, while only a third of Southeast Asian SMEs had access to loans or lines of credit. In 2018, funding to fintech startups across Southeast Asia grew 143% year over year, hitting a record of $485M invested across 68 deals.