APAC
VCs invest $31.1b in fintech companies in 2024
VCs invest $31.1b in fintech companies in 2024
Enterprise software companies and health companies got the most investments.
Hong Kong central bank warns against unauthorized finance firm
The firm reportedly does not have authorization to take deposits.
OCBC to triple quantum workforce to boost security
The Singapore bank expects significant tech advancements in the next five to 10 years.
Multiagent systems as key to AI-first banking: analysts
If implemented well, banks can see up to 60% productivity gains from credit analysts.
BEA saves 553,000 hours in processing time with UiPath
The bank has 77 attended automations as of December 2024.
Wealth transfer a critical topic for APAC advisers: survey
Sensitivity to talking about death and inheritance is named as the top challenge.
BNY names Ashvin Parkash as head of global markets trading for APAC
Parkash joins from Nomura and brings 25 years of industry experience to the role.
Banks to face trade tensions, tariff-linked policy shifts, and property woes in 2025
The still-high interest rates might push banks’ credit losses to increase by 7% in 2025.
IT leaders told to prioritise basic strategies to unlock AI potential: report
Around 70% of companies have implemented formal data strategies for their IT locations.
China, Philippine banks most impacted with rate cuts: Fitch
Their net interest margins are likely to decline until fiscal year 2026.
Ant International joins SWIFT program exploring cross-border treasury mgmt
The program explores business scenarios on cross-border end-to-end transactions.
Asian banks score poorly in accountability mechanisms: survey
Across four key areas, the banks scored 3.5/10 on average.
Standard Chartered eyes $200b in net new money in next five years
The bank plans to expand its relationship manager team by 50%.
ING names Deepali Bhargava as head of research, APAC chief economist
Bhargava joins from Kohlberg Kravis Roberts & Co.
Deutsche Bank unveils Merchant Solutions in Australia, India, Indonesia, and SoKor
It is a global payment acceptance platform that gives access to local payment methods in a market.
Global body eyes broader use of unique ID by SMEs
Cross-border payments, supply chain and trade, and ESG will drive greater adoption.
Mastercard, ADB promote financial inclusion in APAC MSMEs
Mastercard’s fund is allotting $5m to the ADB.
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1. Japan’s SMFG eyes $1.1b additional investment in India’s Yes Bank: report 2. BTN reinvents risk strategy as digital threats escalate 3. HSBC appoints Runa Baksi as head of SEA for global trade solutions 4. GXS Bank launches GXS Invest 5. Hong Kong lenders consider making bad bank to offload $25b in soured loansResource Center
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