Staff Reporter

The ISO 20022 Journey: Connected, Market-Ready and Native

The ISO 20022 Journey: Connected, Market-Ready and Native

Deck:  Banks need to embrace a three-part journey to truly deploy ISO 20022 and reap the detailed data and digital modernisation rewards.

Chart of the Week: India’s mobile wallet payments market to hit $4.1t in 2025

In 2022, the market will grow to $1.7t, according to GlobalData.

1 in 4 retired investors interested in digital wealth management services: study

Wealth managers are called to ramp up digital services for retired investors.

DBS CEO Piyush Gupta’s salary up 47.8% to S$13.57m in 2021

His cash bonus jumped 51% in 2021 compared to the previous year.

Taiwan’s bad loans shrank by $2.03b in January

NPL ratio for 39 domestic banks is now at 0.16%.

Australian mortgage market to 'hold steady' in 2022

Economic recovery will support performance and hold delinquencies steady.

DBS forges on with net-zero goals in 2022

It is transforming its data centres and server rooms into carbon-neutral assets.

Citi to hire 200 bankers in next three years

Majority of the hires will be from China, Hong Kong, India, and Singapore.

Weekly Global News Wrap: Citi’s commercial business to hire 900 staff; Russian payments pivot to China amidst sanctions

And global financial conditions are expected to tighten further over the coming years.

Gov't support, high vax rates buoy Korean banks’ asset qualities: Fitch

But increased competition in lending may give rise to risks in the long-term.

DBS establishes Board Sustainability Committee

It will be chaired by CEO Piyush Gupta and will consist of DBS board members.

Chinese banks seek workarounds amidst sanctions against Russia: report

Top banks reportedly mull passing some of their business to small domestic-focused peers to avoid secondary sanctions.

DBS Hong Kong suspends counter services in 14 branches

All branches will be closed every Saturday.

Could China’s financial infrastructure play 'white knight' to embattled Russia?

Any move to play saviour could also damage China, warns Natixis.

Over 2 in 5 Citi Asia women bankers in senior roles

In Taiwan, 60% of its female employees are AVPs and MDs, according to Citi.

Why the banking and finance sector should not fear AI

As digital adoption hastens, there is now more data than ever. Just in 2020, data volume amounted to 59 trillion gigabytes globally and is expected to grow to more than 180 zettabytes by 2025. Yet, for all this abundance of data, the financial services industry remains surprisingly information-poor. Rapid change is needed if the industry is to unlock the riches of its data and turn what is currently a problem into an opportunity.