APAC

Partner wallets saw daily transaction volumes increased three-fold.

Travelers will be rewarded for bringing their own toothbrushes, amongst others.

The forum will also be held in Ho Chi Minh, Jakarta, Kuala Lumpur, and Manila.

Aligning lending practices with rising sustainability expectations is gaining traction in Asia, but accelerating the green transition will require open and collaborative data ecosystems.

Expect some minor asset-quality deterioration, however.

The wealthtech industry is expected to skyrocket its ‘onshore’ PFA of around $81t (SG$108.27t/HK$632.82t) by 2027, driven by Singapore and Hong Kong markets.

Generative AI and the expansion of fintech brands into the insurance sector are predicted to propel the industry’s advancement to new heights.

It will add $56b and $54b in new value to corporate and retail banking, respectively.

Yew Chuan Sim will lead the bank’s distribution efforts in APAC.

And Moody’s put Hong Kong and Macau banks on downgrade warnings.

ASEAN banks, however, will benefit from policy changes arising from geopolitical tensions.

HSBC and Bangkok Bank serve as settlement banks.

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.

Banks globally are expected to lose $824b in credit losses in 2024.

They can now split purchase repayments for up to a 36-month period.

And minority- and women- owned investment banks are making small waves in Wall Street.