APAC
APAC banks won’t be severely hit once Basel III regime implemented: Fitch
Jurisdictions such as Vietnam, Sri Lanka, are lagging behind with adoption.
APAC banks won’t be severely hit once Basel III regime implemented: Fitch
Jurisdictions such as Vietnam, Sri Lanka, are lagging behind with adoption.
Rising interest rates births more challenges for Asia's digital banks
Few manage to break even, and those that do are back by conglomerates.
DBS buy virtual land at The Sandbox metaverse to create DBS BetterWorld
It will acquire a 3x3 plot of land to develop.
Standard Chartered, MonetaGo launch service to avoid duplicate financing fraud
It is accessible via SWIFT’s global API.
Citi names Aditya Sharma as Asia head of custody
He has spent 19 years with Citi.
E-Invoicing in Japan: Innovation Opportunities from a Treasurer’s Perspective
Electronic invoice (e-invoicing) is a system to digitize qualified invoices that are mandatory for the deduction of purchase tax under Japan’s qualified invoice system. This system is intended to provide an appropriate consumption tax credit for purchases in response to the multiple tax rates for a consumption tax in 2019, and is scheduled to be introduced in October 2023.
Deutsche Bank opens first Bangladesh office
It is their 15th market to be active in.
Citi TTS names Rishi Luthria as APAC head of platforms and data services
Luthria first joined the bank in 2012.
APAC’s non-bank financial institutions face liquidity challenges: S&P
One NBFI failure is enough to trigger a domino effect and collapse a whole market.
SWIFT rolls out pre-payment prediction service for cross-border payments
It identifies possible problems in the future payment based on previous data from 9 billion transactions.
Standard Bank Bangladesh unveils its first-ever sustainability report
It made use of the GRI Standards.
Retail bank sales fall as digital struggles to fill branch banking hole
Digital sales rose to a new record, but could not offset fall in branch sales.
Rethinking the mortgage lending experience
There is no denying the recent volatility of the real estate market. During the pandemic, US lenders saw record numbers of mortgage applications driven by the low cost of borrowing, while record-low interest rates fuelled a rise in housing prices across Asia-Pacific. Now, in mid-2022, rising interest rates are cooling real estate markets as consumers rush to refinance into the best deal they can find for their mortgage. Regardless of the ebbs and flows of the markets, lenders are sharpening their tools as competition increases. The mortgage industry has been adopting technology to streamline the process of getting a loan, with the goal of making the consumer experience smoother and faster.
Citi Global Wealth APAC clients invest $5b in bonds in May-July
Majority of investments flowed to fixed income funds and hedge funds.
Prioritising customer-centric initiatives amidst digitalisation
Through its remarkable services, Bank SinoPac continues to provide a comprehensive financial ecosystem for its customers.
Give loyal customers the royal treatment: how to stand out in Singapore’s banking sector
Jonathan Tanner, Senior Director, Industry Principal Financial Services & Insurance APJ, Pega
The ABF Corporate & Investment Banking Awards honours key players in the banking industry across Asia Pacific
A total of 45 winners were awarded for their outstanding performance.