APAC

Nearly 80% financial services companies have launched at least one AI initiative.

The combined expertise of SAP Fioneer and Grant Thornton has brought to light strategies for financial institutions to enhance credit risk assessment and bridge gaps between finance and risk management.

Board chair retainer fees were typically 1.3 to two times higher than other board members.

It plans to expand to Japan, Singapore, Malaysia, and Thailand.

Lenders may turn more risk-averse and seek higher premia.

The credit card will offer exclusive discounts and cashback.

Over 60% of respondents in Australia, China, and India find credit-building tools to be useful.

Its strengthened franchise brings unrivalled regional perspective and reach to customers.

It is part of IFC's Global Trade Liquidity Programme.

It expanded its startup and investment platforms in 2024.

The platform is reportedly used by around 40,000 companies globally.

Enterprise software companies and health companies got the most investments.

The firm reportedly does not have authorization to take deposits.

The Singapore bank expects significant tech advancements in the next five to 10 years.

If implemented well, banks can see up to 60% productivity gains from credit analysts.

The bank has 77 attended automations as of December 2024.