As trials move into actual implementations, global financial markets and monetary systems will be disrupted and transformed.

The growth in financial services has been remarkable over the past few years in India and the financial sector has witnessed a transformation with the introduction of fintech. Let us take a glimpse of key fintech segments that affect man - digital payments, insurtech and wealthtech.

Crypto markets have seen recent spikes and increased volatility as more mainstream companies and speculators continue to join the digital asset trading and investment bandwagon. The impressive rise of other cryptocurrencies beside Bitcoin has dented its market dominance.

Several central banks are in different stages of implementing fiat digital currencies. Beyond domestic and retail applications, national central bank digital currencies (CBDC) can also be linked to facilitate cross-border and wholesale payments, potentially transforming the international payments and financial landscape.

Ravi Menon, managing director, Monetary Authority of Singapore in his opening remarks at the Announcement of Climate Impact X on 20 May 2021 spoke about the changes that will happen as Singapore reduces its carbon emission and the opportunities that will arise from the global carbon market

The world’s 60 largest banks from Europe, Asia and North America continue to funnel nearly $3.8 trillion into fossil fuel projects from 2016 to 2020. Most nations are missing their Paris Agreement targets by a long shot.

While mining and investing in cryptocurrencies is lucrative, it comes with a mammoth carbon footprint. Are investors aware of the full extent of the environmental impact?

At the Finance Vietnam Leadership Dialogue 2021, heads of retail banking, products and businesses, including Le Xuan Vu, MB Bank; Dinh Van Chien, TP Bank; Augustine Wong Kok Seng, VP Bank; Bryan Carroll, TNEX; Gunneet Singh, Ubank; Kanishk Upadhyay, Techcombank; Riddhi Dutta, Backbase, together with Pham Duc An, Vietnam Banks Association – discussed the challenges in building operational resilience during the pandemic and debated how new challenger banks and incumbent players will win in a digital-first era.

Determined to make Europe the first climate-resilient continent by 2050, the European Commission presented a package of new proposals that more granularly steer investments towards the environmental, social, and governance (ESG) tuned disclosure requirements.

Provincial banks accounted 9 out of 10 on the list

Chinese banks well positioned on this year’s strongest banks ranking while performance varied by categories

There is a constant flow of new developments in the financial services industry and payments is one area that is witnessing fast-paced change.

As hybrid working becomes more commonplace, organisations are grappling with the challenges of putting in place practical and secure remote working arrangements as well as risks from increased reliance on technology and having less control over the work environment

The largest US cryptocurrency platform goes public and China's digital renminbi testing speeds up

China’s State Administration for Market Regulation (SAMR) imposed administrative penalties on Alibaba for its antitrust activities in the online retail platform service market in China