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See below for the Latest EY News, Analysis, Profit Results, Share Price Information, and Commentary.
Financial crimes to continue to squeeze bank profits
Financial crimes to continue to squeeze bank profits
More sophisticated crooks and stricter rules are expected to increase compliance costs.
Cross-border payments grow with tech and regulatory support
E-commerce, real-time networks, and digital standards drive payment volume expansion
Liew Nam Soon delves into digital strategies and their impact on customers
He discussed the five sector-specific developments that financial services organisations across Asia-Pacific need to manage to be successful.
Chinese banks’ net profits down 0.81% in Q1
Fees contracted for the first time in 5 years a quarter earlier.
How can financial institutions build customer loyalty in the modern era?
It’s no longer just about giving perks, but about offering experiences, industry leaders said.
Asian Banking & Finance Summit to feature sustainable finance
Ernst & Young’s Aloysius Fua to moderate summit discussions on bridging the company-investor gap for sustainable finance.
BNPL platforms risk losing trust by ignoring SFA Code of Conduct
Under the Code of Conduct, BNPL providers need to show customers their ‘Trustmark’.
Real-time cross border payments edges closer to reality with ISO 20022
ISO 20022 is set to become the universal language of payments.
Is 2023 the year Southeast Asia’s financial services become future-ready?
Southeast Asia’s financial services institutions (FSIs) are bracing themselves for another year of volatile geopolitical and economic conditions, with record-high inflation and rising interest rates. But those willing to push the digital envelope will find new pockets of growth to help them remain resilient and become future-ready. For this to happen, FSIs need their executives to embrace a digital-era transformative mindset – one that builds skills, flexibility and agility, preparing their organizations to pivot at any moment.
EY partner: Digitalisation, sustainability initiatives to continue ‘in the long run’
Nam Soon Liew said that financial institutions need to double down on cybersecurity and financial crime compliance amidst digitalisation.
China’s new foreign-friendly financial market brimming with opportunities, but limits still abound
If authorities remove the “execution-only” restriction in WM Connect, money flows in the channel could grow ten times bigger than the $22.5b quota, says EY’s Christine Lin.
How financial services can heed regulators’ call for sustainable finance
Increased regulatory interest in sustainability will require financial institutions to address its ESG strategy, risk management, regulatory compliance, and data challenges.
SMEs mull switch to fintechs, digital banks as main finance service provider
More than one in three APAC SMEs consider switching to fintech.
Liew Nam Soon joins panel of judges at Asian Banking & Finance Awards 2021
For EY's Asean Regional Managing Partner, digital transformation is not an option today, but a necessity that has been accelerated by the pandemic.
Commentary
Southeast Asia’s digital banks – the road from good to great
Reshaping fraud detection in Asian finance with knowledge graphs