APAC

Digital sales rose to a new record, but could not offset fall in branch sales.

There is no denying the recent volatility of the real estate market. During the pandemic, US lenders saw record numbers of mortgage applications driven by the low cost of borrowing, while record-low interest rates fuelled a rise in housing prices across Asia-Pacific. Now, in mid-2022, rising interest rates are cooling real estate markets as consumers rush to refinance into the best deal they can find for their mortgage. Regardless of the ebbs and flows of the markets, lenders are sharpening their tools as competition increases. The mortgage industry has been adopting technology to streamline the process of getting a loan, with the goal of making the consumer experience smoother and faster. 

Majority of investments flowed to fixed income funds and hedge funds.

Through its remarkable services, Bank SinoPac continues to provide a comprehensive financial ecosystem for its customers.

Jonathan Tanner, Senior Director, Industry Principal Financial Services & Insurance APJ, Pega

A total of 45 winners were awarded for their outstanding performance.

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

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

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

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

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

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

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

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

This year’s awards programme recognised over 150 exceptional banks and financial companies.

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