APAC
More digital banks make a profit, but still face higher credit risks
More digital banks make a profit, but still face higher credit risks
As they grow, they shouldn’t rely on their parent companies to back them up.
AI Governance: Navigating the Balance Between Innovation and Ethics
As AI becomes prevalent in various spheres of business, the need for governance around it becomes critical.
3 in 5 use real-time cross-border payments to send money to family and friends
This is higher than those who use it to pay for goods and services.
ING disbursed $35.37b in sustainable finance in Q2
EMEA represents a bulk of ING's sustainable finance activities.
DBS inks MOU with China trade promotion council to boost Asia trade, investment
DBS’ foreign direct investment unit will work with Chinese enterprises.
APAC investment banking fees hit lowest nine-month period in 7 years
ECM underwriting fees hit lowest figure in over a decade.
How commercial cards can redefine B2B payments
Over 8 in 10 bank execs believe that virtual cards improve organizational processes.
Cyber scams prompt behaviour change in 61% of users
Chubb says insurance can play a key role in digital payments.
Why do CFOs struggle with sustainability reporting requirements?
The study said 60% are unsure about the resources required to meet new reporting obligations.
Citi partners with Apollo to form $25b private credit
The program will launch in North America; may expand to other markets in the future.
SmartStream unveils 9th version of Air offering for data management
It introduces two modules: Air Data and Air Cash.
MUFG Bank fined $1.75m for info management lapses
Sister firm MUMSS was separately fined $1.4m.
8 in 10 payment leaders eye tech overhaul, seek to reduce fraud
Leaders from Singapore and Australia name reducing fraud as a key objective.
Visa, dtcpay launch card enabling digital currency conversion
The card will be available for public registration in Q4 2024.
Citi Trust to be acquired by JTC
Citi Trust handles $70b of assets owned by UHNW clients.
Japan, Korea financial authorities hold in-person bilateral meeting
The two exchanged views about developments in their financial sectors.
Banks ‘underprepared’ for instant payments: report
Only 30% of APAC banks have a strong tech foundation for instant payments.
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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.
Commentary
Why high capital levels are a double-edged sword for Singapore banks
WealthTech vs. Banks: The battle for Asia’s $700b digital wealth opportunity
Empowering Women in Finance: Securing a Future of Opportunity
Generative AI revolution: Asian banks on the brink of a new era