APAC

Over 1.4 million of 3.1 million ATMs globally now accept automatic note deposits.

Central banks will prioritise financial stability in this undertaking.

Bank Rakyat was the most favourably-covered bank in the past year.

William Pang will work with other NRCET leaders globally.

Financial organizations are called to take the offensive against fraudsters with the use of anomaly detection and analytics.

81% of banks seek to differentiate their customer experience.

The two hope to dispense over US$1b of loans over the next five years.

And investors are getting $400m from Credit Suisse supply chain funds.

Buy Now Pay Later (BNPL) has seen remarkable growth in recent years and is on track to achieve a global market value of US$700b by 2023. This 90% compound annual growth rate (CAGR) reflects the growing penetration of this simple transactional instrument—consumers purchasing a product now with the agreement to pay for it later.

Mobile wallet adoption in Thailand, Vietnam far exceed those in the US, the UK.

Despite the pandemic, Southeast Asia’s commercial and retail banking vertical has been flourishing, with investors ready to fund more digital banking initiatives in the region.

For smaller players, this may be their best bet to protect their assets.

The new COVID surge that began in April may hinder GDP recovery.

Banking leaders admit that they are at risk of ceasing to exist in 5-10 years.

FIs role as the middleman is under threat as tech firms mull offering financial services.

It’s a mixed bag for most SEA markets, but regulator support illuminates the future of open banking.