In Focus
Alternative payments dominate Asia as credit card use dwindles
BNPL may not be the plastic killer everyone touts it to be, but it's attracting underserved customers.
Alternative payments dominate Asia as credit card use dwindles
BNPL may not be the plastic killer everyone touts it to be, but it's attracting underserved customers.
Standard Chartered Hong Kong sees metaverse as future of banking
Banks can make use of AR/VR to offer more personalised services from the safety of clients' homes.
How Citi’s hiring spree sets into motion its $150b new AUM goal by 2025
The bank looks to hire 1,500 new employees in Singapore alone and triple AUM.
Lockdowns threaten Chinese banks' loan quality: analyst
Exposure to the ‘vulnerable’ engineering & construction sector could deteriorate asset quality.
Digitalisation vs digitisation: How they differ in transforming the banking industry
Citi laid out its digital transformation story as an example of how banks have evolved.
Alternative payments disrupt Philippines’ e-commerce payment market
GCash is king in the country.
Singapore banks report lower earnings in unison
DBS, OCBC, and UOB all saw their profits fall 10% year-on-year.
Hong Kong banks face ‘brain drain’ as talents flee amidst strict travel restrictions
More expats may leave with their families when the school year ends mid-2022.
Earnings challenges of Australia’s big four banks to ease: Fitch
Asset quality outcomes from the pandemic were less severe than expected.
Trading risks to weigh on Singapore Big Three Banks’ Q1 earnings: Maybank
But core businesses are expected to show resilience.
Return of tourism sparks further recovery of Australia's card payments market
Resumption of travel and tourism will help push card use.
Four in five Singaporean Gen Z have tried to go fully cashless: Visa
And 6 in 10 SG consumers tried to go cashless in bills payment.
Talent & Tech at the heart of Munir Nanji’s mission to grow Citi Central Europe
He is tasked with implementing the "New" Europe Strategy and reap full benefits of growth.
ASEAN banks have a long way to go in decarbonising finance: Moody’s
There is little space for investors to invest more sustainably.
Taiwan’s bad loans shrank by $2.03b in January
NPL ratio for 39 domestic banks is now at 0.16%.
Wait and see tactics: PH central bank holds off on tightening monetary policies
However, a threat from the West makes it seem that the central bank may be overly confident.
Could Bakong pave the way for digital currency in Cambodia?
Similar to its namesake, the platform is now the backbone of the country’s digital payments system.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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