APAC
Standard Chartered and Wise Platform team up to enhance SC Remit
Standard Chartered and Wise Platform team up to enhance SC Remit
Through this partnership, users can send funds in 21 currencies.
Mastercard launches OTP-free online transaction
This ensures that payment credentials are not shared with third parties.
HSBC invests $100m in MSME finance platform Funding Societies
Two annual credit facilities were also extended to Funding Societies.
Swift, UBS, Chainlink pilot tokenised fund settlements
The global mutual fund market is worth $63t.
Mastercard Pay Local links cards to APAC wallets
It allows consumers to use their Mastercard cards at over 35 million merchants.
Gov’t support keeps APAC banks stable
Each market has their own problems, such as floods and weak property demand.
Weekly Global News Wrap: Ayala sells part of GCash stake; Some FIs halt trading with Nomura
And Jamie Dimon blasts several US regulatory initiatives.
BNY appoints Fabian Khoshbakht as head of APAC treasury services
He will remain the treasury services head of Client Insight and Innovation.
BIS, central banks embed regulatory compliance in cross-border payments
Project Mandala has now reached proof of concept stage.
Citi launches Citi Digital Bill to speed up monetization of receivables
CDB enables parties to sign, accept, endorse, and finance a digital bill.
Banks’ profitability to decline in 2025 as interest margins narrow
Commercial banks may cut personnel, and regulators may prioritize stability over staff retention in M&As.
Banks’ CX, customer loyalty to decline in 2025: Forrester
They may end up pushing away customers when they adopt digital strategies the wrong way.
BofA sees 51% rise in API use for real-time treasury needs
Business clients are using APIs to simplify onboarding and accelerate transactions.
Citi sees higher markets-related business in Asia from global investors
Client activity with the bank’s international corporate clients to the Asia market is up 12% in the first three quarters of 2024.
Payments’ revenue to grow by $700b in the next five years
APAC accounted for $1.1t of payments revenue as of 2023.
JP Morgan, UBS named top M&A financial advisers in APAC
They ranked number one in terms of value and volume of M&As in 9M 2024.
BofA launches guaranteed FX rates with up to a 1-year tenor
The 1-year tenor is available in 37 currency pairs.
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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