APAC
Airwallex raises US$300m in Series F funding
Airwallex raises US$300m in Series F funding
The company plans to use the funds to expand into Japan, Korea, the UAE, and Latin America.
SMBC names DBS MD as head of corporate banking for APAC
Joyce Tee brings three decades of experience working in the banking industry.
BofA sees 60% surge in QR sign-ups for CashPro platform
CashPro has surpassed 2 million users globally.
Banks miss $10t wealth opportunity by neglecting affluent women clients
Lack of women advisors and male-focused wealth servicing is hurting wealth managers’ long-term strategies.
Islamic finance assets to reach $7.5t by 2028
Bank accounts make up 70% of the total assets.
Fintechs, banks unite for win-win
Changing markets are forcing them to forge mutually beneficial alliances.
HSBC Global Private Banking names Kapil Khanna as desk head for three markets
Khanna was head of international investment counselling in HSBC.
SMBC names Luis Pereira as co-regional CIO for APAC
He will partner with Fumitaka Kato, co-regional CIO for APAC.
Bhutan enables national-level crypto payment with Binance Pay
The QR payments are expected to accept over 100 cryptos.
Banks must diversify income and review pricing: analysts
They must identify customer relationships with low or negative profit.
APAC banks outpace EU in digital adoption although branches still needed
Malaysia and the Philippines expanded their branch networks between 2019 and 2023.
J.P. Morgan unveils automated cross-currency payment collection and settling service
It allows invoice and collection in one currency, and payment setting in another.
HSBC profit after tax down 30% in Q1
The gap was reportedly due to the over $3b it got from sales in Q1 2024.
APAC banks slow to update decision rules: survey
Just 27% of banks report frequent use of simulation tools.
Financial inclusion in Asia may reach 80.2% by 2030: study
Digital transformation and improvements have helped in this regard.
Financial services, insurance lose $2.2m per hour from outages: study
The value they lose is 16% higher than the average across all industries.
Open banking users to rise threefold through 2029
It is estimated that there are 183 million open banking users in 2025.
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