Banks increasingly focus on modernising technology architecture and ‘hollow’ their core systems to address the challenges of legacy systems and meet the evolving business needs, agility, scale, for future growth.

The impact of the Renminbi as a commodity currency extends beyond trade transactions, influencing its broader usage in the global financial landscape

The bank clinched two prestigious Wealth&Society Awards this year for Best Family Office Services and Private Bank Philanthropic Planning, highlighting its contributions to China’s private banking sector

China’s first cloud-native digital-only bank showcased digital solutions at the 2023 Singapore Fintech Festival, including Tomtit for rural finance, Goose for supply chain finance, and Lark for loan risk management

Despite China’s trade surplus, the RMB is depreciating against the USD and Euro due to lower yields on RMB-denominated assets, but this trend is expected to reverse in 2024 as interest rates align and exports recover

Industry leaders and executives discussed the transformative potential of adopting a cloud-first strategy in the financial sector during the Finance Philippines Conference 2023, highlighting benefits such as enhanced data security, innovation, and superior customer experiences, while addressing challenges and emphasizing the revolutionary impact of the convergence of cloud and AI technologies on the industry.

The merger is a big step for BPI’s digital banking ambitions, with Robinsons Bank’s 20% stake in GoTyme being able to significantly accelerate growth

To support the needs of small and large businesses in ASEAN and Greater China, OCBC continues to expand banking solutions and invest in digital capabilities

Al Rajhi Bank in Saudi Arabia remains the leading global Islamic bank, with Middle Eastern counterparts surpassing Asian ones in scale and profitability, while Asian Islamic banks exhibit stronger asset quality

Aki Ismasufian, CEO of Standard Chartered Brunei, discusses the bank's focus on digital transformation, sustainability, and financial inclusion, emphasizing initiatives such as participation in the National Digital Payment Network and global efforts towards carbon neutrality, while also highlighting the importance of fostering entrepreneurship and accelerating economic growth in Brunei.

Trade finance is gradually digitalising amid evolving e-commerce models, driven by technology and sustainability; the $2.5 trillion global trade finance gap affecting SMEs prompts innovation in blockchain, tokenisation, and sustainability, despite geopolitical complexities

China’s macroeconomic outlook, open financial markets and continuous technological innovation create ideal conditions for international use of RMB

Bank Rakyat Indonesia is setting new benchmarks in the burgeoning affluent segment in the country with its Prioritas programme, a robust suite of diversified investment vehicles backed by a differentiated market penetration strategy

Banks in the Middle East and Asia Pacific showcased outstanding operational efficiency, with Qatari banks achieving exceptional cost-to-income ratios by leveraging superior IT infrastructure, offering cost-effective digital services, and tailoring branch networks to cater to smaller populations

Wilson Chen, ZA Bank’s director of business in the Greater Bay Area, discusses the bank's success, fueled by its customer-centric approach, competitive rates, and cross-border financial services expansion plans.