The banking industry is using AI and data strategies to meet customer preferences, focusing on digital culture, secure operations, and partnerships to overcome challenges and cultivate customer-centricity

The global banking industry faces a unique confluence of challenges and opportunities, shaped by evolving economic landscapes, technological innovations, and a pressing need for sustainable practices

Banks aim to integrate blockchain into mainstream finance for digital assets, emphasising institutional-grade standards, interoperability, and collaboration

Rising borrowing costs, reduced demand, and stringent credit barriers have dampened growth prospects, and these factors are unlikely to shift given the current economic climate

Wee, the respected honorary adviser of renowned Asian institution, United Overseas Bank, passed away at age 95 after a remarkable life in the industry spotlight spanning over five decades

Aimed at elevating Singapore to the status of the leading sustainable finance hub in the world, SSFA will be co-chaired by HSBC’s Wong Kee Joo and BlackRock’s Deborah Ho, with a multi-sector committee overseeing key initiatives

Toss Bank, led by CEO Hong Min-taek, shakes up South Korea's digital banking scene with innovation, daily interest payouts, and efficiency, positioning it as a frontrunner in the financial landscape

Daniel Yun, CEO of KakaoBank, discussed the bank's growth as it acquired the first million users in just five days of operations, driven by a commitment to addressing customer needs and aspirations to lead the retail banking sector in the markets it operates in

UOB SmartBusiness connects small and medium-sized enterprises with tailored digital solutions, fostering technological empowerment and resilience amid operational challenges

The island’s strong reputation for financial integrity is under scrutiny due to recent money laundering cases, highlighting the need for more robust AML/CTF practices, and vigilance in the financial sector

Family trust is a wealth management tool typically created by wealthy families, aimed at protecting and passing on family wealth. As a financial service for family asset planning, the origin of family trusts can be traced back to the UK and the US. Since the 1980s, with the increase in the number of high-net-worth families worldwide, family trusts have gradually become an important wealth management tool.

Banks in Asia Pacific invested an estimated $63 billion towards technology in 2022. The annual spending on technology is expected to increase by 7.5% in 2023 to $68 billion.

China Merchants Bank demonstrated resilience and growth in wealth management despite economic challenges from a beleaguered real estate sector

US banks’ return on equity declined due to higher loan-loss provisions, while Denmark’s Danske Bank reported the steepest drop, primarily attributed to the Estonia money-laundering case, which resulted in a significant net loss in 2022

Transaction banks in the Middle East are expanding services in non-oil businesses with high growth potential, in line with economic diversification, and to mitigate geopolitical instability in countries in the Gulf Cooperation Council