Staff Reporter

In emerging markets, digital wallets are evolving into bank account substitutes.

ABS advised customers to change their login passwords if they are using their NRIC number.

Earlier covenant breaches will continue to be a problem for some of the banks.

Asset quality will be challenged by weak lending standards and foreclosure laws.

Google Cloud’s data encryption will help safeguard the bank’s AI models.

The bank is aiming to reach 9 million customers by end-2025.

The government plans to incorporate sukuk in its 2025 financing mix. 

The service will be available on contactless bus and light rail validators.

But overall hiring trend remains cautious with employers opting for replacement hiring.

The largest expected bonus increases are projected for professionals in private credit. 

But middle and back-office recruitment is expected to focus on replacing existing roles.

Nearly 80% financial services companies have launched at least one AI initiative.

MUFG has spent a billion dollars buying a stake in fintechs.

The combined expertise of SAP Fioneer and Grant Thornton has brought to light strategies for financial institutions to enhance credit risk assessment and bridge gaps between finance and risk management.

Users can still receive up to $24.20 even if a loan application is unsuccessful.

The device also functions as a standalone Point-Of-Sale (POS) system.