A nation’s wealth is truly a joint creation in which individuals, families, business and government all play crucial parts.
Paul Heath, founding partner and chief executive officer, Koda Capital in Australia, believes the breakdown of Australian banks’ vertically integrated wealth management model has been brewing since the global financial crisis.
The Asian Banker and China Construction Bank, launched the global Renminbi (RMB) Internationalisation Report 2018, which is based on a survey of 346 companies (230 in China and 116 overseas) and 52 financial institutions to evaluate the progress in RMB usage and development of cross-border RMB denominated products and businesses.
In his speech during the release of MAS Annual Report 2017/18, Ravi Menon, managing director, Monetary Authority of Singapore, gave an update on the progress of the country’s financial industry transformation map.
As the Hong Kong Monetary Authority gives the green light for virtual banks to operate, what do these banks need to do to succeed in the territory's highly competitive market?
Chinese banks’ mortgage loan growth dropped the most in 2017 and will continue to be affected by property cooling measures and relatively tight liquidity conditions. Hong Kong banks’ mortgage loan growth, on the other hand, increased, but they are not expected to maintain it due to tough operating conditions.
Technological disruption is reshaping the payment landscape, creating a tight mobile wallet business environment. Banks must reshape their strategies that will help enhance their competitiveness in this market.
With 12 months in operation, Paytm Payments Bank is diversifying its product scope beyond payments, aiming to rapidly scale in the merchant and consumer space
Digital-only banks pose serious challenges to the traditional financial services industry with their entirely new banking experience. However, for most of them, licensing, scale and profitability are the three key issues they must face going forward.
Kakaobank has been successful as a pure mobile bank, with a strong smart strategy, and a shareholder composition contributing core digital online capabilities to the company.
The secondary market for trade finance in Asia is undergoing a digital evolution. With institutional investors accessing this emerging asset class through new digital platforms and banks expanding their reach, it could help narrow the trade finance gap.
Edwin Bautista, chief executive officer, Union Bank of the Philippines, describes the bank’s digital transformation journey, the results of its technology achievements, and plans to accelerate its growth into a digital bank.
Hoyoung Yun, chief executive officer, KakaoBank, established the first digital bank in South Korea, which achieved a strong growth of five million customers within six months, backed by innovative services.
Anthony Thomas, chief executive officer, Mynt, was recognised for his leading the company in accelerating affordable and sustainable financial inclusion in the country, enabled by innovative features and emerging technology.
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