APAC
Banks to face trade tensions, tariff-linked policy shifts, and property woes in 2025
Banks to face trade tensions, tariff-linked policy shifts, and property woes in 2025
The still-high interest rates might push banks’ credit losses to increase by 7% in 2025.
IT leaders told to prioritise basic strategies to unlock AI potential: report
Around 70% of companies have implemented formal data strategies for their IT locations.
China, Philippine banks most impacted with rate cuts: Fitch
Their net interest margins are likely to decline until fiscal year 2026.
Ant International joins SWIFT program exploring cross-border treasury mgmt
The program explores business scenarios on cross-border end-to-end transactions.
Asian banks score poorly in accountability mechanisms: survey
Across four key areas, the banks scored 3.5/10 on average.
Standard Chartered eyes $200b in net new money in next five years
The bank plans to expand its relationship manager team by 50%.
ING names Deepali Bhargava as head of research, APAC chief economist
Bhargava joins from Kohlberg Kravis Roberts & Co.
Deutsche Bank unveils Merchant Solutions in Australia, India, Indonesia, and SoKor
It is a global payment acceptance platform that gives access to local payment methods in a market.
Global body eyes broader use of unique ID by SMEs
Cross-border payments, supply chain and trade, and ESG will drive greater adoption.
Mastercard, ADB promote financial inclusion in APAC MSMEs
Mastercard’s fund is allotting $5m to the ADB.
Financial crimes to continue to squeeze bank profits
More sophisticated crooks and stricter rules are expected to increase compliance costs.
Asia’s finance leaders put transformations on hold due to cost challenges
Cost allocation remains a key focus for finance leaders in 2024.
Up to $50b of wholesale banks’ revenues at risk
But there’s about $15b in additional revenue up for grabs through 2027.
Patents for 3D secure transactions nearly double in 2023
Payment entities are looking to strengthen their security to combat online threats.
Private fund tokens may be the future of investing
Kinexys seeks to keep a token’s sensitive financial information from prying eyes.
Few banks capture tech spending benefits: report
Global tech spending on banking hit $650b in 2023, but few benefitted.
Mongolian banks to benefit from government’s improve support capacity
Eight banks retained their stable outlooks, according to Moody’s Ratings.
Commentary
Why APAC banks must rethink their approach to the cost reduction challenge
Thailand backs major conglomerates for digital banks but risks stifling innovation