APAC

The potential is there, but tech roadblocks prevent wider adoption in the industry.

It is expected to add S$1b in profits annually, with earnings accretive beginning 2023.

And the search for a new head of corporate banking for Australia and New Zealand is on.

Banks and financial institutions are invited to submit their entries for the Wholesale Banking Awards, Retail Banking Awards, and Corporate and Investment Banking Awards 2022.

The region recorded its highest-ever equity capital market fees collected in a year.

Over the past few years, the use of data has grown exponentially as businesses adopt a digital-first approach.  

UOB is paying for the net asset value plus a premium of US$690m.

He is responsible for implementing the multi-rail digital payments agenda in 10 SEA markets.

Ashutosh Kumar joins from Standard Chartered Bank.

The bank extended $4.86b in green syndicated and club loans across 40 deals.

Banks are now compelled to up the ante to compete with fintechs who have grown wise in leveraging data.

Covid-19 has driven large-scale growth in online banking, dramatically increasing the volume of sensitive customer data that’s available to steal. 

While the impact of Covid has been hard felt by the financial services industry both in Asia and globally, the resulting challenges have provided the stimulus for long-overdue innovation and digitisation when it comes to the technology banks rely upon to do business.

Massive adoption of tech without critical tech advice from experts could spell doom for lenders.

The right data infrastructure can help banks and insurance firms boost their business operations.

Climate change is the most urgent threat facing the world. It affects us all. The imminent risks are spelt out in detail in the recent IPCC Report, which was headlined around the world as “Code Red for Humanity.” The subsequent COP26 conference in Glasgow has seen world leaders agree on certain measures designed to reduce emissions and take concrete steps towards the decarbonisation of the world economy, including agreement on halting and even reversing deforestation.