Commentary

Bangladesh, a country with a high population density, has achieved this accomplishment thanks to the political leadership's passion and commitment to the MDGs, especially at the highest levels of the current Government. The Honorable Prime Minister of Bangladesh has received particular recognition from foreign organizations by being given awards for achieving certain MDG milestones.

Yves Roesti, Managing Partner and CEO, and Rahul Bansal, Associate Partner, Synpulse.

By Pat Patel, Executive Director, Elevandi.

Bank boards need to reassess their understanding of the impact that geopolitical risk can have on both their business and their clients, says Derek Leatherdale, Managing Director at GRI Strategies and Visiting Scholar at The London Institute of Banking & Finance.

By Pat Patel, Executive Director, Elevandi

Around the world, people now expect real-time experiences in everything they do, and payments are no exception.

Financial system based on shariah, or Islamic law, is a better strategy than traditional finance in light of the recent difficulties in the global economy. The area of the global financial system with the quickest growth has been Islamic finance. Because of the high level of innovation that has kept up with the changing demands for financial products and services as economics continues to change and expand, this growth has also been in quality and depth. The increased availability of profit-loss sharing savings, investing, and other structured finance-based instruments is significant.

From the MTR’s launch of a ‘Web3’ (an internet service using decentralised blockchains) metaverse partnership with The Sandbox platform to K11 MUSEA’s METAVISION NFT showcase on HSBC’s Main Building façade back in June 2022, signs of metaverse are proliferating in our lives, and proliferating fast.

Electronic invoice (e-invoicing) is a system to digitize qualified invoices that are mandatory for the deduction of purchase tax under Japan’s qualified invoice system. This system is intended to provide an appropriate consumption tax credit for purchases in response to the multiple tax rates for a consumption tax in 2019, and is scheduled to be introduced in October 2023. 

There is no denying the recent volatility of the real estate market. During the pandemic, US lenders saw record numbers of mortgage applications driven by the low cost of borrowing, while record-low interest rates fuelled a rise in housing prices across Asia-Pacific. Now, in mid-2022, rising interest rates are cooling real estate markets as consumers rush to refinance into the best deal they can find for their mortgage. Regardless of the ebbs and flows of the markets, lenders are sharpening their tools as competition increases. The mortgage industry has been adopting technology to streamline the process of getting a loan, with the goal of making the consumer experience smoother and faster. 

Thanks to the pandemic, the uncertainty of the world economy has been especially devastating  for those living on the poverty threshold and struggling to make ends meet. Many in this  demographic lost much-needed jobs as the economy shrunk, while others hustled on the side, for  example, as food sellers, to continue to put bread on the table. 

Digitalisation shouldn’t just be limited to processing automation – it can significantly  improve customer experience.  

Technology-based investment solutions can crunch numbers faster than any human, are less prone to emotion-driven decisions and they never sleep. And in many cases, they don’t charge as much as their human competition.

By Sumit Kumar, Managing Director and Partner, Boston Consulting Group

More than a vision, 5G is a reality that organisations are deploying right now – but that’s  only the beginning of what’s possible. Over the next few years, 5G will be an essential  business enabler, and those who don’t act now run the very real risk of losing the digital  transformation race and seeing their business stolen by the likes of an Uber or Airbnb digital  disruptor.  

Innovation opportunities for payment digitalization in Japan.