Exclusives

Hong Kong banks' asset quality battered by COVID-19 and protests

Exodus of corporate clients, mortgage risks, and dropping credit card use pose a big threat on revenues.

Hong Kong banks' asset quality battered by COVID-19 and protests

Exodus of corporate clients, mortgage risks, and dropping credit card use pose a big threat on revenues.

Financial inclusion needs to be more than just about technology

Products need to be sustainable and scalable to meet the needs of the unbanked.

Credit card revenues threatened as Singaporean travellers shun usage

Card users turn to cash as they steer clear of lofty transaction fees and poor exchange rates.

Tokyo is banking on foreign fintechs to reinvigorate its financial sector

Fintechs may tap into US$9.07t (¥984t) of individual cash sitting in banks, says the Tokyo Metropolitan Government.

Inside Hong Leong Bank's digitalisation journey

The lender has set aside as much as 20% of its FY19 operating expenses on tech.

Future Ready: How can banks build a checkmate-proof IT strategy in 2020?

Heavy investments in technology will mean nothing without investing in manpower, according to experts.

How KBZ Bank strides towards financial inclusion in Myanmar

They launched mobile wallet KBZPay, banking on the country's high smartphone penetration to improve financial connectivity.

How banks can win in a rapidly shifting global payments arena

Incumbents are building up capabilities and forging partnerships with former foes to stay competitive.

Singapore steps up efforts to boost FX ecosystem as Hong Kong closes in fast

Citi launched a pricing engine that cuts the time it takes to route a trade between Singapore to Tokyo.

How foreign fintechs will buoy Japan's banking sector

They might introduce new business models and solve overcapacity, says a former central bank deputy governor.

400 million wearables could be converted for smart payments push by 2022

Mastercard and Tappy are using token technology to allow payments using accessories.

How UnionBank is future-proofing its workforce against digital disruptions

In anticipation of the future of work, it launched UnionBank University about a decade ago to stay ahead.

How GoBear expanded beyond financial comparison

It plans to enter partnerships to develop bespoke insurance solutions.

How kakaobank successfully cracked the profitability code two years after rocket launch

In the first half of the year ended June 31, kakaobank hauled net income of KRW10b ($8.58m), booking net profit for the first time following a...

Malaysia's Islamic banks pull ahead of Indonesia in the digital curve

CIMB Group has pledged to invest $477m over the next five years to strengthen its digital platforms.

Banks rethink business models as fintechs play catch-up

To hold their ground against fintechs, banks are redefining themselves.

Incumbent lenders rethink business models in race against virtual banks

ZhongAn International, the company behind one of the city's virtual banks, weighs in on the opportunities and challenges ahead.