APAC
Gen AI to add up to $340b new value to banks: McKinsey
It will add $56b and $54b in new value to corporate and retail banking, respectively.
20 hours ago
Gen AI to add up to $340b new value to banks: McKinsey
It will add $56b and $54b in new value to corporate and retail banking, respectively.
20 hours ago
SMBC hires ex-Nomura banks as head of APAC private credit distribution
Yew Chuan Sim will lead the bank’s distribution efforts in APAC.
22 hours ago
Weekly Global News Wrap: US regulator warns of BNPL risks; Citi overhaul to cost $1b, done by Q1
And Moody’s put Hong Kong and Macau banks on downgrade warnings.
23 hours ago
Banks face negative outlook in 2024 amidst bad loans, higher costs
ASEAN banks, however, will benefit from policy changes arising from geopolitical tensions.
1 day ago
Hong Kong, Thailand launch cross-border QR payment service
HSBC and Bangkok Bank serve as settlement banks.
2 days ago
SAP & SAP Fioneer's leadership shines: Transforming financial services with industry giants
SAP and SAP Fioneer's pivotal role in reshaping financial landscapes across the Asia Pacific was highlighted at the recent SAP & SAP Fioneer Financial Services Forum Asia Pacific.
6 days ago
Banks to see $1.68t of credit losses in 2024-2025
Banks globally are expected to lose $824b in credit losses in 2024.
Standard Chartered teams up with Visa to offer BNPL to cardholders
They can now split purchase repayments for up to a 36-month period.
Weekly Global News Wrap: State-owned Russian bank files lawsuit against JP Morgan; Morgan Stanely names new wealth management head
And minority- and women- owned investment banks are making small waves in Wall Street.
Citi names new senior leaders for Asian banking clusters
Leadership changes abound for its investment banking and corporate banking businesses.
GBA’s financial services industry more ‘bullish’ for future prospects: PwC
Tech advancements are paving the way to new opportunities for cross-industry servicing.
Mastercard, NEC to offer in-store biometric payments in APAC
This follows Mastercard’s Biometric Checkout Program, launched in Brazil in 2022.
The Growing Trend of Fintech Solutions in Asia's SME Sector
Survey Reveals Asian SMEs' Growing Interest in Fintech for Alternative Financing
Greenwashing in banking: real concern or overblown issue?
Reputational risks abound for those who drag their feet about sustainability or engage in greenwashing.
Standard Chartered appoints new regional heads of private banking
The appointment is effective 1 January 2024.
Citigroup to redeem $1.49b in preferred shares for $25
Any quarterly dividend declared, but not paid prior, will be paid on or before the redemption date.
Citigroup’s net income rises 2% to $3.5b in Q3
Revenue was 9% higher at $20.1b during the quarter.
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SAP & SAP Fioneer's leadership shines: Transforming financial services with industry giants
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SAP and SAP Fioneer's pivotal role in reshaping financial landscapes across the Asia Pacific was highlighted at the recent SAP & SAP Fioneer Financial Services Forum Asia Pacific.
SAP and SAP Fioneer's pivotal role in reshaping financial landscapes across the Asia Pacific was highlighted at the recent SAP & SAP Fioneer Financial Services Forum Asia Pacific.
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1. Grab, Singtel-backed GXBank launches full operations in Malaysia 2. Bank DBS Indonesia avails fast, reliable and sustainable corporate banking 3. HSBC SG's Tancy Tan on balancing risk and innovation in AI adoption 4. Bank of Singapore names Credit Suisse HK chief exec as new GC private banking head 5. Digital wealth platform Endowus partners with Brookfield Oaktree Wealth SolutionsAwards
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