APAC

Banks should refine AI safeguards on rising complexity and exposure: McKinsey

Having just one committee to oversee all gen AI applications is not a good fit.
1 day ago

Fintech funding rises to highest Q1 period in two years

They amassed $10.3b in funding across 777 deals made.
1 day ago

JCB expands payment acceptance to Apple services of 7 Asian markets

Cardholders can now pay for their Apple purchases in these seven markets.
4 days ago

Aleta Planet unveils digital payment app for Muslim merchants

It offers no transaction fees for 24 months and cashbacks for merchants.
4 days ago

Global Top 25 banks market cap up 20.1% to $4.7t; China Big 4, DBS rise

HSBC also recorded a double digit increase in its market cap.
4 days ago

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.
5 days 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.

APAC emerging market banks to enjoy double digit credit growth: report

China and Thailand will feel the most pressure, especially Chinese banks’ margins.

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.

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.