Economy
Singapore vital in Southeast Asia’s digital economy: report
Singapore vital in Southeast Asia’s digital economy: report
The city-state led in digital payments last year as the region’s economy is projected to reach $1.299t by 2030.
6 days ago
Philippine cybercrime cases triple as fintechs deploy AI to curb money mulling
Losses hit US$3.35m as regulators tighten controls.
Five takeaways from day 1 of the Singapore Fintech Festival
Tokenisation emerges as a key driver of future digital money systems.
Why finance leaders push tokenisation as next phase of digital money
Tokenised deposits invert the model, allowing banks to deliver liquidity directly where required.
Singapore builds a three-tier strategy to future-proof its workforce
The plan spans basic AI literacy to advanced development as technology reshapes jobs.
Singapore pursues digital economy ties with ASEAN and global blocs: DPM
DPM Gan also said Singapore is focusing especially on financial services to stay globally relevant.
Asia’s regulators need to match banks’ digital pace, GFTN says
Good regulation, he argued, should function as “a safety belt, not a brake."
Banks post record $1.2t profit in 2024: McKinsey
If banks fail to adapt AI, global profit pools could fall by about $170b.
China’s banks expand lending but struggle with weakening demand
UOB Kay Hian said banks remain cautious in extending long-term credit.
Why Indian banks are seen to absorb loan losses
S&P also said earnings are likely to moderate but remain above long-term averages.
Bank Negara launches upgraded RTGS system for continuous payments
Since 2024, Malaysia’s daily retail payment volume and value have grown by 49% and 22%.
HKMA warns public of online scams targeting local banks
The Bank of East Asia reported fake websites and internet banking login screens.
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.
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.
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1. 2 in 3 Singaporean retail investors now hold crypto: survey 2. Singapore vital in Southeast Asia’s digital economy: report 3. Hang Seng revamps branches, opens wealth centre at Kowloon main branch 4. Asia risks succession crisis as wealth surges ahead of planning 5. AMINA HK can now offer crypto spot trading, asset safeguardingResource Center
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Asian Banking & Finance Retail Banking Awards 2025 Winner: Carlo Mariano and Ivy Uy of East West Banking Corporation
Carlo Mariano of East West Banking Corporation shares how EWBC’s regulatory solution ensures compliance while putting customers first.
Commentary
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Asian banking’s next frontier: Beyond growth, embracing precision
Rethinking cybersecurity: How APAC banks can safeguard against AI-powered threats
Why Singapore’s fast payments need faster protections