In Focus
Islamic banking gains global appeal
Islamic banking gains global appeal
State support, population trends, and ethical investing are spurring the demand.
4 days ago
Citi Singapore almost triples wealth transactions after digital revamp
Four of five clients use the bank’s mobile app regularly.
India’s new gold-backed loan rules changes competitive landscape
Lenders will have to gauge repayment capability using income and cash flows.
Banks ramped up fossil fuel financing in 2024
Amongst Asian banks, Mizuho Financial and Mitsubishi UFJ Financial are on top of the list.
Singapore's banks leave more jobs unfilled as hiring slows
For every two people who resign, only one post gets replaced.
Australian banks may cut mortgage broker reliance to boost profitability
Driving customers to in-house channels could boost profitability.
SWIFT cites high cost of splintered financial world
Many digital payment platforms remain disconnected from each other.
Companies seek real-time liquidity management to avert cash-flow crisis
There is increased corporate demand for liquidity and risk coverage, says HSBC.
APAC card payments markets to grow 4.3% to $24.7t in 2025
South Asia and SEA countries are skipping cards for mobile wallets, however.
Less than half of Aussie firms adopting real-time payments: survey
About 2 in 3 believe that finance tech providers will shoulder the responsibility of assistance.
Banks miss $10t wealth opportunity by neglecting affluent women clients
Lack of women advisors and male-focused wealth servicing is hurting wealth managers’ long-term strategies.
Fintechs, banks unite for win-win
Changing markets are forcing them to forge mutually beneficial alliances.
Indonesian banks reap returns from IT investments
Bank Mandiri’s digital fee income grew by double digits.
Aussie banks launch digital locks versus online fraud
Cybercriminals now use AI and deepfakes to scam people.
Thai banks’ net profits rose 5% in Q1
For 2025, the banks are expected to report lower NIMs and a 1% loan contraction.
Tighter fintech watch likely after Chocolate Finance fallout
The central bank might impose reserve requirements to meet withdrawal demands.
Philippine central bank gears up for instant cross-border transfers
Monetary authorities in Asia are about to bring Project Nexus to market.