APAC
Citi to ramp up social finance in Asia
A special team of 20 bankers was developed for this initiative.
Citi to ramp up social finance in Asia
A special team of 20 bankers was developed for this initiative.
Standard Chartered sells aviation leasing finance business for $700m
AviLease will also fund the repayment of US$2.9b of net intra-group financing.
Check out how APAC family offices moved their investments in Q2
There was “moderate” client interest in longer-dated US Treasuries and perpetual bonds.
PayPal is most popular digital payment option in Asia: study
In the BNPL space, Klarna, Atome, and Afterpay are the region’s most popular choices.
Mizuho, Shinhan ink cooperation agreement to service start-ups
They will provide financial services to start-ups in accordance with start ups’ growth stage.
DLT, digital money rise as securities sector eye faster settlements
The move to T+1 has given birth to challenges in the securities ecosystem, said Citi.
Which countries charge the highest ATM withdrawal fees?
The Philippines is the most expensive place in Asia to withdraw cash via ATM.
Over six out of 10 consumers trust established banks for insurance plans
Only 40% trust digital-only insurers.
Survey shows half of commuters in APAC need a more efficient way of paying their fare – Visa
About 45% of commuters from APAC were open to fare capping if implemented.
Carbon offset purchases to be a $100b market by 2030
Financial institutions will play a large role in enabling carbon credit financing and carbon offset purchases, says Deloitte.
Citi names Gunjan Kalra as APAC head of Citi Commercial Bank
Kalra has been APAC head of corporate sales and solutions since 2021.
Alliance Bank Malaysia's Virtual Credit Card wins New Consumer Lending Product of the Year at Asian Banking & Finance Awards
The revolutionary Virtual Credit Card with Dynamic Card Number feature sets new standards in digital banking, offering enhanced security and eco-friendly transactions.
Alliance Bank's Alliance Digital SME Honored as Financial Inclusion Initiative of the Year - Malaysia
Its transformative Alliance Digital SME earns recognition for its seamless digital banking journey and significant shift towards branchless banking.
HSBC names UBS banker as new head of global private banking for SA
Tommy Leung will take over the role on 19 October.
Asian fintechs to outpace global competitors; China posts tepid growth
S&P Global’s latest report shows Asia’s fintech growth may be gradual for 2023, but small and emerging economies will keep the region steady.
Fintech funding slows to 10-year low as investors tout quality over quantity
Asian fintechs clinched US$5.1b in investments in H1, lower than $45b in H1 2022.
Citi Global Wealth unveils ULTIMA credit card for private bank clients
Singapore’s UHNW clients’ spending outpaced pre-pandemic spending by 56%.
Commentary
Southeast Asia’s digital banks – the road from good to great
Reshaping fraud detection in Asian finance with knowledge graphs
Why is willful default a growing threat to Bangladesh’s financial stability?
Mobile Wallets are Southeast Asia’s Pathway to Financial Inclusion