APAC

60 largest banks need $210.2b to cover future fossil fuel losses: Finance Watch

Basel’s current framework encourages continued build up of risk, the nonprofit warned.
2 hours ago

60 largest banks need $210.2b to cover future fossil fuel losses: Finance Watch

Basel’s current framework encourages continued build up of risk, the nonprofit warned.
2 hours ago

SmartStream Air is honoured with the Red Dot Award - for design excellence of a Finance Application

SmartStream, the financial Transaction Lifecycle Management (TLM®) solutions provider, has received a Red Dot Design Award, the most prestigious international symbol of quality in design for its SmartStream Air solution – the pure AI cloud-native application for financial reconciliations.

MUFG names Angus St. John as head of financial sponsor coverage in APAC

St. John has over 25 years of experience in the financial services industry.
9 hours ago

Regulators are the key to manage APAC banks rising cyber risks: S&P Global

The analyst said data breaches could prove crippling for individual banks.
6 days ago

Standard Chartered, Taulia ink MOU to offer supply chain finance solutions

Both parties will offer supply chain finance and dynamic discounting solutions.

APAC banking markets to tighten macroprudential policies in 2023: Fitch

Malaysia and Thailand will take steps to strengthen their mortgage sectors, said Fitch.

Citi Bangladesh completes pilot paperless trade finance transaction in TradeLens

The process resulted in a 10-day reduction of document processing time.

APAC banks won’t be severely hit once Basel III regime implemented: Fitch

Jurisdictions such as Vietnam, Sri Lanka, are lagging behind with adoption.

Rising interest rates births more challenges for Asia's digital banks

Few manage to break even, and those that do are back by conglomerates.

E-Invoicing in Japan: Innovation Opportunities from a Treasurer’s Perspective

Electronic invoice (e-invoicing) is a system to digitize qualified invoices that are mandatory for the deduction of purchase tax under Japan’s qualified invoice system. This system is intended to provide an appropriate consumption tax credit for purchases in response to the multiple tax rates for a consumption tax in 2019, and is scheduled to be introduced in October 2023. 

Deutsche Bank opens first Bangladesh office

It is their 15th market to be active in.

APAC’s non-bank financial institutions face liquidity challenges: S&P

One NBFI failure is enough to trigger a domino effect and collapse a whole market.

SWIFT rolls out pre-payment prediction service for cross-border payments

It identifies possible problems in the future payment based on previous data from 9 billion transactions.