Banking Technology
How accelerated innovations in tech will lead to open banking
It’s a mixed bag for most SEA markets, but regulator support illuminates the future of open banking.
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1. Singapore in talks with banks to enhance financing schemes for businesses 2. SMBC names DBS MD as head of corporate banking for APAC 3. Fintechs, banks unite for win-win 4. Hang Seng Bank restructures business, will cut 1% of core staff: report 5. Citi Services launches PayTo initiator for institutional clientsResource Center
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Banks feel pressure from private credit
Nonbank lenders are now providing capital even to low-risk corporate clients.
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