APAC

ADB inks MOU with R3 to explore use of distributed ledger tech

This includes a project exploring a cross-border multi-currency securities settlement system.

Meaningful experiences, wellness as key pillars of the return of travel: Mastercard’s Mayank Dutt

Mastercard’s cardholders in its affluent portfolio can access wellness programs on the go.

Digital wallets and contactless payments see a steady rise across Asia

The banking industry must adapt to this change to keep up with the demands of the market.

The new brand of personalisation that’s shaping Citi’s digital banking journey

Customers want options, but curate it–don’t just offer it, says Citibank’s Nilesh Kumar.

Fintech funding slows as COVID-driven digital hype fades

Valuations of technology stocks, both public and private, are down 60%, analysts said.

BNPL, digital wallets accelerates growth of e-commerce fraud: study

Global e-commerce fraud will exceed $48b in 2023, and 22% will be from Asia.

Does the future of banking lie in the metaverse?

Virtual reality may be the answer to more digitally optimized financial services that does not sacrifice personalisation.

Citi TTS to launch 24/7 USD clearing service in Q4

Clients can make USD payments globally 24/7, even during holidays.

Standard Chartered unveils digital trade portal Trade Track-It

Customers can track vessels and check sustainability compliance.

Citi appoints Anand Sairam as CFO for APAC

He has been a part of Citi’s finance team for 8 years.

60 largest banks need $210.2b to cover future fossil fuel losses: Finance Watch

Basel’s current framework encourages continued build up of risk, the nonprofit warned.

SmartStream Air is honoured with the Red Dot Award - for design excellence of a Finance Application

SmartStream, the financial Transaction Lifecycle Management (TLM®) solutions provider, has received a Red Dot Design Award, the most prestigious international symbol of quality in design for its SmartStream Air solution – the pure AI cloud-native application for financial reconciliations.

MUFG names Angus St. John as head of financial sponsor coverage in APAC

St. John has over 25 years of experience in the financial services industry.

Regulators are the key to manage APAC banks rising cyber risks: S&P Global

The analyst said data breaches could prove crippling for individual banks.