Economy

RBA sets out plan to make payments system ‘anti-fragile’

RBA sets out plan to make payments system ‘anti-fragile’

It has also warned that delays in encryption and contingency plans risk fraud and disruption.
2 days ago

HKMA study identifies AI and data analytics as key banking skills

Another key finding is the importance of a collaborative approach across the industry.

Australian mutual banks may offset costs through process automation

It could help banks sustain their historical loan growth of about 6%.

FInancial services hiring slows as consumer demand weakens

This marks the second consecutive quarter of declining confidence.

MUFG partners with Kodansha, CREDEUS team up to fund film productions

They will fund live-action film series adaptations of Kodansha-published works.

Mizuho signs MOU with Abu Dhabi Investment Office

Mizuho plans to support clients interested in expanding into the UAE.

The Asian connection: China's path to sustainable growth

Consider the ASEAN region, a collective of ten Southeast Asian countries brimming with untapped potential.

Cambodia joins ASEAN RPC initiative to boost payment links

RPC was launched in 2022 by central banks of Singapore, Indonesia, Malaysia, and more.

Japan’s SMBC enters partnership agreement with Avispa Fukuoka

It will introduce a scholarship program and promote use of sports data utilization.

Why high capital levels are a double-edged sword for Singapore banks

The banking sector in Singapore has shown signs of expansion, with loan growth rising to approximately 5% in 2024.

Bain Capital buying 18% stake in Manappuram Finance for $508m

The deal may close in Q2 or Q3 of the 2026 financial year.

Malaysia’s central bank appoints new deputy governor for supervision and regulation

BNM also announced a new technical adviser and an assistant governor.

FSIs struggle to meet rising consumer expectations on finance

Consumers demand more personalised financial wellness solutions, pushing FSIs to enhance automation.

New Zealand’s central bank governor resigns

Christian Hawkesby will serve as acting governor until 31 March 2025.

Cambodia, Visa launch Bakong tourist app

Tourists can use the app to pay at 4.5 million merchants in Cambodia.

India names new advisory committee members for bank applications

RBI former deputy governor Shri M. K. Jain will serve as chairperson.

Global banking industry faces headwinds amidst shifting monetary, political landscapes: BOC

It is expected to see pressures on profit growth and uneven expansion.