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.