APAC

Financial digital apps evolve to “3.0” phase as customers’ seek one-stop-shop

Customers increasingly seek a single app that can meet all their financial–and even non-financial–needs. 

Financial digital apps evolve to “3.0” phase as customers’ seek one-stop-shop

Customers increasingly seek a single app that can meet all their financial–and even non-financial–needs. 

More Wealth, Higher Expectations: Why new frontier of wealth banking lies in the digital and the RM

As the role of the relationship manager evolves, banks must build the right digital platform in order to meet clients’ expectations.

Buy Now, Pay Later firms' credit losses on the rise

The largest BNPL providers have doubled their delinquency rates over the past few quarters.

APAC banks credit losses surge to $865m by 2023: S&P

Credit losses will surpass $400b for 2022 and 2023, respectively.

HSBC appoints Shayan Hazir as Chief Digital Officer for ASEAN

The former GLMC head has over 18 years of bank leadership experience under HSBC.

ESG-linked sukuk issuance treads an upward path

Over $4.3b of ESG-linked sukuk was issued globally in Q2 2022.

Citi unveils Sustainable Time Deposit solution in APAC

It will fund environmental and social projects such as water and sanitation infrastructure.

Higher rates to raise Asian bank’s net interest margins, but risks may intensify

Asset quality will not significantly deteriorate, but banks face risks if US rate hikes are larger than expected.

PayMongo, Atome offers BNPL services to 10,000 Philippine merchants

This comes as the share of cash payments is expected to fall further by 2025.

Citi names C.R. Sambamurthy as Asia head of Citigold

Sambamurthy has a 34-year career with Citi prior to his new role.

Strengthening ability to withstand uncertainties ‘crucial’ for financial stability, says Deloitte Singapore Audit & Assurance Chief Strategy & Operations Officer

Ho Kok Yong said the financial services sector should stay vigilant about inflation, turbulence in capital markets, and the implication of ‘policy normalisation.’ 

Respond to client needs first amidst big volumes of data, says Bain & Co partner

Edy Widjaja said acting the best digital and data talent helps deliver value to customers creating a virtuous cycle attracting further talent.

EY partner: Digitalisation, sustainability initiatives to continue ‘in the long run’

Nam Soon Liew said that financial institutions need to double down on cybersecurity and financial crime compliance amidst digitalisation.

Number of ATMs in APAC continue to fall in 2022

A declining installed base in China is pushing down the numbers.

Data is the bane and boon of addressing sustainable investment gap

Wielding this tool the right way is key to pushing and meeting ESG goals, says Experian’s Sisca Margaretta.

Chart of the Week: APAC investment bank fees down 9% in H1

ECM fees fell 42% after a record-setting 2021.