Punjab National Bank’s recent billion-dollar scam placed the entire Indian banking sector in the spotlight.

Long a bastion of personalised service by relationship managers, the wealth management sector is undergoing a transformation as clients demand better service and as digital delivery enables new models. Wealth management firms need to combine “high-tech” with “high-touch” to stay ahead.

Household indebtedness has been on the rise, which is putting future economic growth and financial stability in jeopardy. Thus, many central banks have unveiled measures to curb high household debt. In Asia Pacific, Australia and South Korea are facing the most serious household debt problems.

Increased utilisation of financial technology is setting the stage for further digitisation of the Philippine’s consumer banking industry, which is slowly transitioning into a “cash-lite” economy.

David Gyori, international resource director at The Asian Banker and known author and keynote speaker, talks about Africa’s advantages in going digital and the various reasons for the continent to take a leap into this revolution.

Global markets were shocked by a sudden fall in stocks in the first two weeks of February 2018, right after practically hitting new records in the early weeks of the year. Despite this, analysts believe that a correction has just happened and there is no cause for concern.

Kevin Gillick, executive director of GlobalPlatform, a non-profit standard for secure digital services and devices, shares his views on how security and technology priorities are changing and what should be done in today’s interconnected world

Hana Financial Group has launched an ambitious global initiative to create a shared-loyalty platform that is built on blockchain technology. The group’s deputy president Han Jun-Seong explains

While the automobile loan market in Thailand is highly competitive, Thanachart Bank has taken nearly one-third of the market. Other banks are seeking growth, though, with Krungsri Bank targeting a 25% market share by the end of 2017.

The case of Keppel Offshore and Marine being involved in corruption has wider implications than just the company and those involved. Any bank involved in the transfer of funds used to pay of bribes should be concerned.

Traditional banks in China have begun to utilise cutting-edge technologies by collaborating with technology companies, start-ups or emerging financial institutions. While pushing their way in revolution, the vital point is to strike a balance between the digitisation of services and traditional manual banking services.

The Web is facing a number of fundamental issues that undermine its potential as a neutral platform for information, learning and understanding, its inventor Tim Berners-Lee, opening keynote speaker at The Future of Finance Summit 2018 from 23rd to 25th May in Beijing China, offers some solutions to safeguard it.

Despite the current turmoil in the cryptocurrency world, Andy Tian, co-founder and chief executive officer of Asia Innovations Group, believes that the underlying blockchain technology has real world benefits and its success rests on extending its reach beyond the crypto community to the end consumers.

Commonwealth Bank of Australia is involved in three actions against it but none will result in any of the directors being made to account for what they knew or didn’t know or did or failed to do to prevent the bank from allegedly being used to launder money.

The Asia Pacific banking industry will continue to see a rise in demand and salary among highly skilled technical workers in the backdrop of ongoing digitalisation.