In Focus
Hong Kong’s investment bankers kicked to the curb as lenders tighten belts
No, they are not headed to Singapore to hunt new jobs.
Hong Kong’s investment bankers kicked to the curb as lenders tighten belts
No, they are not headed to Singapore to hunt new jobs.
Credit Data Smart ushers in new era of credit scoring in Hong Kong
It’s expected to promote healthy competition and improve credit knowledge of locals.
Fintech Smile API accelerates loan approval process for financial inclusion
Smile API CEO Jerome Eger is committed not just to speed, but secured access to employment data.
Loan growth & higher fees prop up Singapore banks’ earnings in Q1
DBS’ and OCBC’s DPS are likely to rise in H2.
Why banks need fintechs to buoy loan growth
Loan demand has doubled in Singapore, and fintechs can help onboard quality clients.
Why tech is not the focal point of banks’ digital transformations
About 70% of digital transformations fail, an industry expert warned.
How banks should rethink pricing
It’s not just about how much customers pay but also what benefits they get.
Hong Kong SME’s funding gap at $21.7b
About 1 in 3 small businesses who need money choose not to get a loan.
Zed challenges banking norms with no interest, forward-looking credit card
The soon-to-be-launched card will underwrite based on present and future income, not just past financial records.
Weak home sales risk worsening Chinese banks' bad loans
Banks’ property loan exposure is expected to fall 6% amidst ongoing caution.
60% of commercial banks don’t have women in C-suite roles
No woman was appointed CEO of a commercial bank over the past year.
APAC ex Japan investment banking fees in Q1 falls to lowest level in 8 years
Equity capital market fees were halved, whilst debt capital market fees were static.
Empathy deficit erodes customers’ trust in banks
Customers who feel valued are willing to spend more for banking products.
India’s stricter regulations to pull down FIs’ loan growth and raise costs
Loan growth is expected to register a 16% decline in 2024.
BPI Private Wealth aims to double assets and capture 25% local HNW market
CEO Maria Theresa Marcial says they are targeting US$53b in AUM by 2026.
How have banks’ wealth management pivots played out?
There’s up to $25b in fees to be made in Asia, but it’s a tough market, an analyst said.
Why Singaporeans are okay with locking away over $4b of their money
Customers can only access ‘locked’ money with a physical card or by visiting a branch.