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

Driven by digital innovations and partnerships, Banque Saudi Fransi is proactively enhancing its role in trade finance to support Saudi Arabia’s shift from oil to non-oil sectors, aligning with the goals of Saudi Vision 2030

Banks have been investing in AI over the last few years, focusing on specific use cases. They must now scale AI across their business processes and incorporate emerging advancements in GenAI.

ICICI Bank reported significant business growth in the first half of FY 2023-24, with increases in operating income and net profit driven by strong credit expansion

China's e-commerce rebounded in 2023, with Pinduoduo's remarkable performance surpassing that of Alibaba and JD.com. Alibaba responded with the 'Year-End Good Price' festival, emphasising a 'low price strategy.'

Goldman Sachs, UBS, and Citi reports highlight the rising importance of family governance, successions, and next-generation considerations in shaping strategic outlooks beyond traditional investments

China’s wealth management market overcame regulatory hurdles and saw renewed investor confidence in the first half of 2023, with mutual funds surpassing the scale of bank wealth management products

Asian economies are grappling with the complex task of aligning carbon-intensive infrastructure with global environmental, social and governance priorities

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.