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The Monetary Authority of Singapore (MAS) has imposed an extra capital requirement of SGD 930 million ($692 million) on DBS after the widespread digital…
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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…
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Increased utilisation of financial technology is setting the stage for further digitisation of the Philippine’s consumer banking industry, which is slowly…
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Traditional banks in China have begun to utilise cutting-edge technologies by collaborating with technology companies, start-ups or emerging financial…
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Economies of scale, profitability, and developing a comprehensive service proposition remain major challenges in Vietnam’s growing retail banking industry.…
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Retail banks in Hong Kong are capitalising on fintech to innovate their product palate and to reach out to new customers through dedicated digital channels.
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The evolving landscape of South Korean retail banking is pushing banks to invest in financial technology to retain and attract customers, even as traditional…
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Taiwan’s Financial Supervisory Commission (FSC) is driving the country’s banks to move to digital platforms through its “Bank 3.0” vision as banks have…
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Declining profitability from lending is forcing Japanese banks to rethink product and service strategies whilst innovative technology adoption is helping…
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Credit card issuance and usage wane as digital and mobile payments increase in popularity.
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HSBC will continue reshaping its business and conduct cost-saving strategies amidst a weak performance in its European, Latin American, and North American…
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Despite current economic challenges, Vietnam’s banking sector has promising longer term potential due to its relatively young and increasingly affluent…