Stringent cost control and digitalisaltion led to steady improvement in operational efficiency of Qatar Islamic Bank. The top 10 most efficient Islamic banks among the world’s 50 largest Islamic banks comprise four from Qatar, three from Malaysia and one each from Egypt, Turkey, and the United Arab Emirates.

Stringent cost control and digitalisaltion led to steady improvement in operational efficiency of Qatar Islamic Bank. The top 10 most efficient Islamic banks among the world’s 50 largest Islamic banks comprise four from Qatar, three from Malaysia and one each from Egypt, Turkey, and the United Arab Emirates.

Digital wallets are driving a transformation of financial services around the world. The gross transaction value of all platforms in Southeast Asia grew by 9% in 2021. E-commerce is believed to be leading the charge, with the compound annual growth rate for digital wallets set to grow by 17% until 2025.

Transformation in the global financial community across a variety of infrastructures, systems, and processes raises the risk of fragmentation.

China’s bond market has become one of the largest and most important investment destinations in the world, but foreign investor participation remains relatively low. More innovations are expected in the bond market after the Chinese regulators issued new rules for foreign institutional investors.

China Merchant Bank (CMB), Industrial and Commercial Bank of China (ICBC) and other major Chinese commercial banks have stopped robo-advisory services in response to increased regulatory scrutiny.

Many HNWIs took action after COP26 to reduce the effect of climate change, but despite the expectation that more will be done, COP27 failed to deliver.

In the wake of the collapse of the FTX Group, questions are being asked about whether all players in the cryptocurrency sector suffer from the same governance and risk management failures that have contributed to its demise.

Strong cross-border trade, RCEP trade pact, and deep capital market integration support international use of RMB

Giang Pham, director of VPBank’s digital banking service centre, discussed how VPBank’s digital-only bank implementation reflects its “business by segment” strategy. He also explained how investing in digital capabilities will boost the sales productivity of relationship managers and the overall experience of customers.

The founder and chairman emeritus of Public Bank, Tan Sri Dato’ Sri Dr. Teh Hong Piow, passed away at 92. He dedicated himself to building a strong banking group that supported the financial system and economy of Malaysia. In 2015, The Asian Banker conferred him the William “Bill” Seidman Lifetime Achievement Award for his contribution to the industry.

UAE launched its KYC Blockchain Platform in February 2020. This national ecosystem allows data sharing between licensing authorities and banks in the country, making it easier to open an account.

James Tran, digital bank centre head, TPBank, highlighted that the bank's digital transformation is made possible by shifting to a digital-focused business model, rolling out new digital products and services, redesigning end-to-end digitalised operations and automated processes and risk management.

Singapore offers glimpses into the future of digital currencies and payment infrastructures that will enable instant, intelligent and more efficient retail, wholesale and cross-border payments

More financial players and commercial banks are experimenting in the metaverse. However, it is unclear whether customers will adopt these ventures in their current form and what tangible returns would the financial sector gain from these investments.