APAC
Swift to launch AI fraud detection service in 2025
Swift to launch AI fraud detection service in 2025
Global fraud in financial services is estimated to have cost $485b in 2023.
BNY partners with Mizuho to boost trade
It seeks to reduce the complexities and costs associated with cross-border transactions.
Banks face value creation challenge despite record revenues
Declining interest rates and mixed record on productivity growth keep markets skeptical.
Japan and Indonesia renew their bilateral swap agreement
The size of the BSA is up to $22.76b or its equivalent Japanese yen.
ING names Uday Sareen as APAC chief exec and head of wholesale banking
He first joined ING in 2007.
Standard Chartered launches digital request quote module Autoquote
Clients can request pricing quotations and get responses digitally.
Citi, Mastercard launch global cross-border payments
It will be available in 14 markets worldwide, with plans for further expansion.
Citi launches Token Services for Cash for institutional clients
It is expected to facilitate multi-million dollar cross-border liquidity and payments.
Why banks will be ‘invisible’ by 2030
They either become the platform or willingly lose their brand visibility.
India and Maldives ink currency swap agreement
The agreement is valid until June 2027.
Finance sector marketing budgets under pressure in 2024 amidst disruptions
Marketing expert tells three strategic approaches for turbulent times.
Mongolian banks enjoy improved governance and asset quality
The listing of D-SIBS in 2022 has improved disclosure and asset quality.
Asian businesses brace for stricter lending standards— survey
Over half of respondents said that lending standards will become more restrictive.
QR codes and low costs drive mobile wallet adoption in APAC
Even cash focused countries like the Philippines, Thailand, and Malaysia saw a high level of adoption.
Alipay+ sees overseas use of payment partner apps triple in 9M 2024
Spending for F&B, attractions, and transportation recorded double-digit increases.
7 in 10 consumers use ‘financial gymnastics’ to maximise rewards
Credit cards remain to be the top choice, with 47% saying that this drives their usage decisions.
Breaking barriers: Building the future of cross border payments in Southeast Asia
Global value of cross-border payments is expected to reach $250t by 2027.
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1. Chocolate Finance to continue 3-6 day withdrawal time frame 2. SG millennials, Gen Z want rewards customisation in credit cards 3. OCBC CEO Helen Wong’s remuneration up 5.7% to S$12.8m in 2024 4. UOB unveils FDI Advisory Centre in South Korea 5. Trust Bank introduces money lock feature with digital unlocking capabilitiesResource Center
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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