The Commercial Bank of Qatar launched the #GoDigital campaign to encourage customers to use digital channels for their banking needs

Under the government’s full-scale plan to nurture technology-based SMEs, local banks are competing for startups that would be future giants.

As global banks move towards ISO 20022 readiness by the end of 2022, it is important to understand the impact that the adoption of the new standard will have on the banking and payment industries and what challenges and opportunities they will face as they modernise international settlement.

The transaction is worth $706.6 million which covers Citi’s consumer banking franchise in Taiwan which includes 2.7 million credit cards, 500,000 deposit and wealth customers, and 45 branches.

The world starts 2022, the third straight year, still in the throes of the COVID pandemic. While economic prospects appear to be gloomier than before, banks in Asia Pacific can expect a stable outlook

Predicting the future of banking is more uncertain than ever before. New competitors arise daily, from neobanks and fintechs, to embedded financing solutions delivered by big tech, retailers and telcos, all of whom are offering digital banking services

Tay Ah Lek saw a 6.5% rise in total remuneration to $9.2 million in 2020 despite the pandemic, which was 250 times the average pay Public Bank’s employees received.

The United Nations (UN) Emissions Gap report states that the richest 1% account for 15% of the global greenhouse gas (GHG) emissions. The world’s richest have amassed more wealth than ever and as a consequence, expanded their carbon footprint. It is therefore crucial to take stock and ask if those with financial resources are actually facilitating the pragmatic shift towards a sustainable planet.

In the wake of the OCBC phishing scams and the compensation made by the bank to all affected customers, MAS decided that the industry should have a more equitable framework for sharing such losses.

China's birth rate plummeted to a record low last year, despite the implementation of the universal three-child policy, official data from China’s National Bureau of Statistics showed. The aging population of the world's second-largest economy, along with its reliance on resource-driven growth based on low-cost labour and cheap capital, could dampen China's economic growth targets.

While the payments landscape has digitally transformed in leaps and bounds, the coming few years will be even more defining for the sector as financial institutions work to adapt better to the pandemic. One of the key developments for this year is ISO 20022.

The transaction covers the consumer banking business of Citi in Indonesia, Malaysia, Thailand, and Vietnam. The agreement comprises its unsecured and secured lending portfolios, wealth management and retail deposit businesses.

All the top 10 most efficient banks in Asia Pacific are from China. Bank of Shanghai is the most efficient in the region, followed closely by Bank of Tianjing and, Bank of Beijing.

CEOs and leaders in the banking industry discussed the impact of emerging technologies and innovations on financial service including the development of new decentralised operating models and Web 3.0, the third generation of the internet.

Bitcoin prices dropped sharply on 3 December, by about 20%, which once again raised the issue of the digital asset's volatility. However, the cryptocurrency has historically been through large price fluctuations caused by market value corrections.