India’s financial payments and banking industry is expected to invest more on new technologies and improve existing infrastructures and capabilities. According to a Moody’s report, however, only some of India’s largest banks and financial players are expected to benefit from it.
WFE has just published its latest market highlights report that studied the impact of the events of 2020 on markets across capitalisation, listed companies, IPOs, volumes and value traded in multiple assets classes including equities, derivatives futures, options and ETFs
DBS full-year 2020 net profit fell 26% to SGD 4.72 billion ($3.5 billion) despite record operating profit of SGD 8.43 billion ($6.3 billion) as total allowances quadrupled and net interest margin hit new low
APIs, faster payment schemes and industry-wide collaborations of financial institutions and technology players are helping to transform and lower the cost of making payments
Dr. Han Kai, founder of Mother’s Smile philanthropic project affiliated with the China Women's Development Foundation, narrates the journey of the medical and philanthropic programme that has given free treatment to over 40,000 poor children with cleft lip and palate through reconstructive surgery. More than 10,000 medical and non-medical volunteers have joined countless missions across China and in other countries over the last 30 years.
Open banking has huge potential to advance client services in the Asia Pacific region. While many of the region’s financial institutions have already begun the cultural shift required to adopt open banking as a strategic objective, the fragmented regulatory landscape holds back largescale progress. This article explores how greater regulatory clarity and client buy-in can help open banking reach its full potential in the region
Industry experts highlight the rapidly evolving technology requirements such as frictionless payments, stronger data intelligence and cyber resilience to meet customers’ expectations amid the unprecedented global crisis brought about by COVID-19
Industry practitioners discuss how process of bringing offshore global supply chains back to the country of origin accelerates demand for existing and new financing programmes that provide liquidity for sub-tier level of suppliers
Global payment platform Payoneer and FTAC Olympus Acquisition Corp announced they have agreed on a merger that is expected to close in the first half of 2021.
Over the past seven years, LexinFintech has been committed to serving educated young professionals in China, a well-picked segment suited to its strengths in the consumer finance sector. Amid a burgeoning consumer market, it has embarked on a consumption-focused strategy to secure future growth, going beyond its traditional consumer finance business
Siam Commercial Bank together with FIS implemented a future-proof payment hub to increase its processing capacity and quickly launch new products in the market. The initiative is in accordance with the National E-Payment Roadmap driven by Thailand’s government and central bank to promote nationwide digital economy
“No act of goodness is too small” in philanthropy, Cindy Yu, Executive Director of Wealth and Society, remarks at annual awards dinner
National Commercial Bank and Banque Misr emerged as the strongest bank by balance sheet in the Middle East and Africa respectively in 2020. Banks in Saudi Arabia and Qatar are the strongest in the Middle East, while Egyptian and South African banks are the strongest in Africa
Agustín Carstens, general manager of Bank for International Settlements (BIS), in a speech to Hoover Institution affiliates, Stanford University faculty and students on 27 January 2021, addressed the digitisation of money and the implications of central bank digital currencies for the monetary system.
Chinese and Japanese banks again dominate the list of The Asian Banker 500 largest banks. Balance sheet growth accelerated in the first half of 2020 and some players are reinforcing their scale and competitiveness through mergers and acquisitions
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