In Focus

Of the $2.5t funneled to energy firms, only $178b were for clean energy activities, the report said.

ISO 20022 is set to become the universal language of payments.

Science-based decarbonisation targets must be set to improve their energy sector portfolios.

BNPL brand Afterpay served 20 million customers in Australia alone.

Changing customer attitudes and lowered barriers to entry has transformed how banks’ fortunes are made.

Their share of system assets in 2021 is just 1.4%, with only a 0.5% growth.

More than half said it’s now a “must-have” for banks.

Compared to Europe, fintechs in Asia have struck a balance with banks, says Bpifrance Deputy CEO Arnaud Caudoux.

Sri Lanka will deteriorate; Singapore’s profits may rise to higher than pre-pandemic.

The app has over 66 million users in a country of more than 111 million.

Customers seek confidence and clarity from financial advisers.

It’ll benefit them over the next three quarters, but asset quality may deteriorate after.

Collaboration is key to achieving finance goals, says MAS’ Ravi Menon.

Customers want options, but curate it–don’t just offer it, says Citibank’s Nilesh Kumar.

The government’s cashless payments push is helping the market.

Valuations of technology stocks, both public and private, are down 60%, analysts said.