Yan Bing Zhu, chairman of Bank of Beijing, says the bank has plans to expand its market presence beyond China and establish its reputation as an international bank.
Regulators in Asia Pacific such as Indonesia's OJK are actively planning for measures to promote the growth of fintech in the region.
HSBC will continue reshaping its business and conduct cost-saving strategies amidst a weak performance in its European, Latin American, and North American businesses.
China Merchants Bank and China CITIC Bank are developing their credit card businesses to stimulate retail income.
The People's Bank of China has established an integrated system to connect banks, merchants, and retailers to facilitate increased transactions, which grew 74.5% to $913.5 trillion in 2015. With growing consumer spending, financial institutions in China have to step up to meet the needs of retail clients.
Malaysia's prime minister Najib Razak, 1MDB, and several international banks are under scrutiny for alleged corruption and anti-money laundering violations.
Bank of Tokyo-Mitsubishi UFJ and local telco, KDDI, joined forces to create Jibun Bank, a mobile-only bank that has become the largest and most profitable mobile bank in Japan.
Banks are integrating new technologies into their core businesses to improve their digital banking presence and speed-to-deliver
Ahmed Maan Tabaqchalli, chief investment officer of Asia Frontier Capital in UK, and Philippe Paillart, former chief executive officer of DBS Group, discuss the future of London, Europe, and the global economy after Britain decided to leave the European Union.
Osama Al Rahma, chief executive officer of Al Fardan Exchange and chairman of UAE’s Foreign Exchange and Remittance Group, discusses the challenges being faced by the foreign exchange and remittance industry, including the threat of de-risking, and how they are investing in technology to cope in a challenging environment.
Call Levels has shown remarkable growth and has carved a niche for itself in the Asian fintech space with its mobile App for financial asset monitoring and alert. Its co-founder Cynthia Siantar shares the business model and plans for the company.
Finance has failed because of its self-referential world where people are merely trading existing assets, rather than creating new assets. And regulation is failing by making things ever more complex and less related to the real interests of the public. Author and economist John Kay says regulation of banking is not about writing more rules but changing the structure of the industry.
The contribution of consumer finance to the overall retail loans in Asia Pacific in 2015 ranged from 2% to 56%. Its share to retail loans has increased in markets like Indonesia but has declined in Hong Kong and Thailand. The growth of consumer finance per country also varied, slowing down in Taiwan and growing faster in the Philippines.
Ala’a Eraiqat, group CEO and executive director, Abu Dhabi Commercial Bank (ADCB) discusses steering ADCB beyond the global financial crisis, maintaining high morale in the workplace, and emphasising customer experience and digitisation.
First interview given by Yi Huiman, as incoming chairman, ICBC China
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