APAC
BofA’s AI virtual assistant Erica halves IT service desk calls
BofA’s AI virtual assistant Erica halves IT service desk calls
It plans to incorporate gen AI in Erica for coding assistance and report synthesis.
11 hours ago
APAC developed market banks to see limited loan growth, NIM pressures
Hong Kong is expected to see even slower loan growth than other DM markets.
2 days ago
APAC emerging market banks to enjoy double digit credit growth: report
China and Thailand will feel the most pressure, especially Chinese banks’ margins.
2 days ago
Investment bank fees in APAC ex. Japan log 8% rise to top $5b in Q1
Estimated advisory fees due to M&As rose 42% to $706.5m in the first quarter of 2025.
Endowus to bring Man Group’s credit offerings to Hong Kong and Singapore clients
Man Group manages US$35b in credit assets globally.
Millenials, Gen Z to lead fintech adoption in Southeast Asia by 2030
Adoption could rise to 79% by 2030 from 65% in 2024.
Financial crime threats to rise in 2025, Kroll report warns
One of the primary drivers is the rapid advancement of AI.
HSBC’s Yvonne Yiu says the future of payments is instant
She credits her propensity to ask questions for becoming one of HSBC’s top leaders.
StanChart champions ISO 20022 XML for seamless cash reconciliation
It reduces the need for banks to manually intervene in the process, the bank said.
Fintech investments slated for revival on more digital asset deals
Deal value for crypto, blockchain, and digital assets hit just shy of $1b in 2024.
Airwallex merchants can now accept Discover, Diners Club cards
Merchants in Australia, Europe, Hong Kong, Singapore, and the UK can accept these cards.
Financial advice enquiries skyrocket in Trump’s first 50 days
Investors now seek protection strategies for their portfolios.
WealthTech vs. Banks: The battle for Asia’s $700b digital wealth opportunity
Banks, insurers, and asset managers in Asia Pacific (APAC) could soon be faced with a partial transition of new wealth flows to WealthTechs. What can they do before it is too late?
Digital wealth advisory Endowus introduces OTP verification
There’s also a Whatsapp OTP verification for customers logging in overseas.
Empowering Women in Finance: Securing a Future of Opportunity
The industry can empower women in finance in part by offering better security, says Jamie Bertasi.
Citi appoints Rob Chan as head of ECM Syndicate for Asia
Chan has been with Citi for 22 years.
Indonesia and Australia renew $6.2b bilateral currency swap agreement
It will last for 5 years.
Commentary
Why high capital levels are a double-edged sword for Singapore banks