The use of cloud technology is gaining traction among financial institutions due to the efficiency, scale and saving that it affords. Regulators however caution that cloud concentration risks could jeopardise financial stability.
Emerging technologies in AI are deployed to provide bank customers a seamless and speedy customer service experience. Not only will these solutions help increase customer satisfaction and loyalty, but they make it easier for employees to offer upselling and cross-selling opportunities at just the right time.
In June 2021, Chinese ride hailing giant Didi and digital freight platform Full Truck Alliance made their debuts in the US amid the volatile initial public offering (IPO) environment.
Newly appointed UN envoy on climate change, Mark Carney, discussed his role and what he hopes to achieve at the upcoming COP26 as well as his views on cryptocurrencies and experiences with past financial crises.
Bank Negara Malaysia has announced that it will issue five digital banking licences by next year. So far, BNM has received 29 applications.
Increased adoption and access to CBDCs is the next step for central banks to push greater use of digital payments. This is an opportunity which countries in Asia Pacific are looking to tap by establishing the necessary governance frameworks.
Standard Bank of South Africa gained market share in home loans, while FirstRand Bank only grew its home loans by 0.2%.
The strategic partnership between LINE and Hana Bank continues following the launch of digital banking platform LINE Bank in Indonesia. Following the start of operations early this month, Indonesia became LINE Bank’s third market after it launched in Thailand and Taiwan.
Global private equity dry powder reaches record high amid investors’ increased ESG enthusiasm. Private equity (PE) firms are better positioned to do well by doing good.
Former Philippine president Benigno Aquino III, passed away on June 24. Under his leadership, the Philippines sustained strong economic growth and underwent key structural reforms that strengthened the country's capabilities.
Despite 2020 being a difficult year for most economies, some countries’ remittance flows have proven more resilient than expected during the COVID-19 pandemic, according to a World Bank report.
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