Access Bank demonstrated a strong performance in financial, digital journey and customer experience compared to other banks in Nigeria.
Standard Chartered Bank Hong Kong improves its market position in the country to deliver its three strategic priorities: wealth management, better digital self-service architecture, and customer experience.
Amid higher inflation and ensuing economic slowdown, Southeast Asia presents immense opportunities for digital players to capture the consumer and SME lending markets that traditional banks are unwilling to serve due to increased costs and risks.
Nedbank’s retail banking business posted growth in 2021, on the back of transformation through digital ecosystems and branch infrastructure.
Driven mainly by the successful implementation of its digital strategy and focus on wealth management, Standard Chartered Bank Hong Kong stood out among Hong Kong retail banks in 2021.
According to a survey conducted by BIS, the share of central banks actively engaged in some form of CBDC work grew to 90%, with many showing enthusiasm for retail CBDCs.
The Egyptian government introduced several initiatives such as developing its information and communication technology (ICT) infrastructure, fostering digital inclusion, embracing innovation, safeguarding cybersecurity, and promoting Egypt's position as a regional pioneer.
The crisis at Henan rural banks involves more than 400 thousand depositors across China, and is estimated to cause at least RMB 40 billion ($5.99 billion) in losses.
The worlds of crypto assets and traditional finance are becoming ever more integrated. Despite the recent volatility in the crypto market caused by issues with centralised finance (CeFi) platforms, the ecosystem has remained intact. Institutional interest continues to grow and more banks are seeking ways to get involved with digital assets, however, that process hasn’t always proved straightforward
WeBank showed rapid growth across all indicators in 2021, maintaining its leading position in digital banking across the world. Outperforming its peers in customer scale and acquisition, it also showed strong financial performance, although this could still be improved in terms of cost efficiency and as well as average revenue.
Founding academic director of Business Families Institute, Annie Koh, and its current academic director, Kenneth Goh, discussed the trends shaping Asia’s leading business families and how BFI supports their growth and creation of impact.
UOB reported a robust retail business reflected through its growth in gross retail revenue and increase in customer base with a total of 2.1 million users in 2021.
Despite the impressive figures, the banking industry has been slow in partnering with the United Nations Environment Programme Finance Initiative to set, implement and achieve its sustainability goals. The industry’s response to the climate change crisis is neither proactive nor pre-emptive. The vast majority of the estimated 25,000 licensed banks remain outside.
RHB Bank’s improved its retail operations driven by deposits, innovative products and services, as well as enhanced digital onboarding. It introduced straight-through processing on personal financing with real-time decisioning that resulted in 143% year-on-year growth in total loan disbursement.
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