APAC

He will be responsible for overall management and development of the business.

Credit losses could rise 7% to $490b in 2023, S&P Global Ratings projected.

Carsten Stoehr will join SMBC on 19 February after 25 years in Credit Suisse.

The report calls for better customer awareness of disruption and recommends institutions to keep at least a 99% uptime.

The investment is targeted at US$1.5b for a three-year period.

Organisations must realize that not everything is black and white and adjust accordingly.

NayaPay customers can now accept payments from Alipay+’s 25 global payment partners.

There is an urgent need for traditional FSI and insurance companies to digitally transform due to increased competition and consumer expectations for digital access to services.

They must also simplify business models and embrace their “tech” identity. 

As financial networks look to become increasingly interconnected within and cross borders, the imperative to ensure their seamless and stable operation grows more vital, says Penny Chai, VP of Business Development, APAC at Sumsub.

Today it’s a finger tap, tomorrow you may only need your face to pay, says Mastercard’s Karthik Ramanathan.

Stella Choe was most recently head of global network banking for APAC in Citi.

Financial institutions may send their entries to the Wholesale Banking Awards, Retail Banking Awards, and Corporate and Investment Banking Awards until 3 May 2024.

Shifting lending dynamics and regulations is changing the way they do business.

The future belongs to firms who seize the potential of transformative technologies to shape the next generation of financial services.

Asian Banking & Finance will be back on 8 January 2024.