Frances Gagua
India’s card payments market to grow 31.2% in 2022
Growing adoption of electronic payments will help push up the card market.
Banks will lean further on tech to tackle 2022 security challenges
Covid-19 has driven large-scale growth in online banking, dramatically increasing the volume of sensitive customer data that’s available to steal.
Five ways technology will reshape the banking landscape in Asia in 2022
While the impact of Covid has been hard felt by the financial services industry both in Asia and globally, the resulting challenges have provided the stimulus for long-overdue innovation and digitisation when it comes to the technology banks rely upon to do business.
China’s new foreign-friendly financial market brimming with opportunities, but limits still abound
If authorities remove the “execution-only” restriction in WM Connect, money flows in the channel could grow ten times bigger than the $22.5b quota, says EY’s Christine Lin.
VP Bank appoints Chris Chee as Chief Risk Officer for Asian operations
He has held leadership positions in RBC Singapore, ANZ, UBS, and DBS.
NTUC Income’s BIX onboard UOB Asset Management’s digital advisory service
UOBAM Invest is the first partner to be onboarded in the BIX platform.
Westpac hit with protest vote against exec pay plans: report
The Australian lender faces paying up to $81m for charging fees to dead people.
Why banks need more tech experts in their board rooms
Massive adoption of tech without critical tech advice from experts could spell doom for lenders.
Philippine-based BDO to reimburse 700 clients hit with online fraud
Clients allegedly lost thousands from unauthorised transfers to a UnionBank account.
Malaysia’s Kenanga Investment Bank appoints non-independent non-executive director
Choy Khai Choon also serves as independent non-exec chairman at Zurich Life.
UOB’s Indonesian digital bank arm launches buy now pay later services
TMRW Pay offers deferred payments with zero-interest for up to 90 days.
Climate Risk and the Role of the Finance Sector
Climate change is the most urgent threat facing the world. It affects us all. The imminent risks are spelt out in detail in the recent IPCC Report, which was headlined around the world as “Code Red for Humanity.” The subsequent COP26 conference in Glasgow has seen world leaders agree on certain measures designed to reduce emissions and take concrete steps towards the decarbonisation of the world economy, including agreement on halting and even reversing deforestation.
APAC banks' outlook stable, but face uneven recovery: Moody’s
Bank to maintain solid balance sheets with stable liquidity.
Weekly Global News Wrap: Australia iffy with digital currency; JP Morgan eases overdraft fees
And UBS Switzerland to propose a new board chairman.
HSBC grants HK$1b green loan to Chinachem Group
The group plans to cut in half its carbon emissions by 2030.
Singapore, China reaffirm commitment to financial supervisory cooperation
The supervisory roundtable was held virtually.
Commentary
The Asian connection: China's path to sustainable growth