The Asia Pacific will likely remain an active place for mergers and acquisitions in the financial sector in 2021 due to stronger post-pandemic recovery, opening up of markets, and a growing pool of fintech startups seeking funding, according to S and P Global Market Intelligence report.
Wang Yanrong, general manager of private banking at China Merchants Bank, discussed the bank’s key initiatives and business performance in 2020 as well as the opportunities and challenges that it faces to establish market leadership
We are living in the most peaceful time in human history, with the lowest number of deaths from war in the last decade.
Fintech startup Revolut has applied for a banking licence in the US and UK in a bid to make inroads into the online banking business in the two economies.
The rapid transformation of domestic and cross-border payments brings new opportunities and challenges for financial institutions.Amid shrinking payment margins, players are rethinking their business models to better monetise data insights and integrate financing options such as “buy now, pay later” (BNPL). Industry experts share their views on the impact of this changing landscape, emerging value propositions, and key technology enablers for future growth
The financial results of BUKU IV banks, the top banks by core capital in Indonesia, weakened amid the COVID-19 crisis. Banks experienced a contraction in net loans and set aside more provisions.
Joseph Poon, group head of DBS Private Bank, shared expansion plans for the bank’s sustainability portfolio that is committed towards long term positive impact
As the number of e-wallet players in Indonesia surges amid the vast market opportunities, bigger players have begun extending the competition beyond payments
Tonik, one of Southeast Asia’s first digital-only banks, has officially launched in the Philippines, the country’s first neobank
2021 marked two trends in the crypto sector: the massive explosion of crypto-assets and the multitude of hacker attacks that led to significant risks.
Coupang has raised $4.6 billion making it one of the biggest share offering by an Asian company on a US exchange
The COVID-19 pandemic has exerted substantial impact on the profitability of banks in Asia Pacific, although most are better positioned to weather this crisis than during the global financial crisis
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