, India

Weekly Global News Wrap: India poised for digital rupee launch; UBS reports best annual profits since GFC

And Goldman Sachs’ US staff returns to office for the first time in 2022.

From CNBC:
India’s central bank will launch a digital version of the rupee in the next financial year, the country’s finance minister said on 1 February.

“Introduction of a central bank digital currency will give a boost, a big boost to the digital economy,” Nirmala Sitharaman said as she delivered the country’s annual budget. “Digital currency will also lead to a more efficient and cheaper currency management system.”

The Reserve Bank of India will introduce the digital rupee in the 2022-2023 financial year which begins on 1 April.

From Reuters:
UBS reported its best annual profit since the global financial crisis, emboldening it to hike share buybacks and set more ambitious profit goals as it posits that more digital products will result in hefty cost-savings.

In its first major strategic review since Chief Executive Ralph Hamers took the helm in November 2020, UBS said it wants to use technology to help it increase revenues and reach more customers in the years ahead, while also continuing to bring costs down.

From Reuters:
Goldman Sachs' U.S.-based staff returned to the office for the first time this year on 1 February.

Wall Street firms were among the first to encourage staff to return to offices, but the winter wave of COVID-19 infections driven by the Omicron variant led many to push back their plans until February.

Follow the link s for more news on

Pembekuan pendanaan menghantam penyedia layanan BNPL

Investor semakin sedikit mengalirkan dana ke penyedia layanan BNPL yang sudah menghadapi keuntungan margin yang tipis.

HSBC: Aliansi bank-fintech merupakan win-win

Pemberi pinjaman dapat belajar dari teknologi disruptif sambil membantu mereka mematuhi regulasi.

Tokenisasi aset perdagangan untuk menjembatani kesenjangan pembiayaan

Teknologi blockchain dapat mendesentralisasikan operasi keuangan dan mempermudah akses kredit.

BCA menjalankan komitmen terhadap keuangan berkelanjutan

Bank asal Indonesia ini mempertimbangkan aspek lingkungan dan tata kelola dalam keputusan pemberian pinjaman.

Mengapa UNOBank mendorong embedded finance tumbuh di Filipina

Bagi UNOBank, banking interface terpadu adalah strategi pertumbuhan sekaligus upaya inklusi keuangan.

OCBC mencoba mengurangi kesenjangan manfaat bagi agen properti di Singapura

Produk terbarunya menawarkan manfaat finansial di bidang perbankan, asuransi, dan perdagangan.

Upaya Malaysia menjadi anggota BRICS untuk mendorong perombakan sistem perbankan

Namun, tantangan muncul ketika menjauh dari ketergantungan pada AS dan SWIFT.

Platform pembayaran PingPong memperoleh lisensi PJP di Indonesia

PingPong mengincar ekspansi ke pasar ekspor senilai $320 miliar di negara tersebut.

Merger dan penutupan mengancam 3.800 bank di area pedesaan Cina

Sekitar 70 bank di area tersebut telah merger sejak 2023.