Singapore

Their own digital wallets were built around customers’ payment preferences.

They expect real-time information and responsiveness at their fingertips.

TGT Chibo Data Service will be an official distributor of SmartStream's solutions in China.

Indonesian and Philippine banks may lose up to $3.8b and $1.3b respectively as they fail to hold on to their dominance.

And should the US mimic the UK's morgage curbs?

The global financial services industry including Asia is being plagued with the pervasive nature of financial crime and the ever-changing typology of threats. These threats include money laundering, tax evasion, bribery and corruption, and fraud – and financial institutions are grappling to find the right balance to ensure that their compliance programmes are able to adapt and respond.

He will join representatives from Celent, Bain & Company, DBS Bank, and more.

Ant Financial is an example of firms that need more oversight, Piyush Gupta says.

It will require FIs to implement 6 measures that will address flaws in a timely manner.

Early tech adoption will cushion the expected earnings blow from new competitors.

It has also upgraded from a merchant bank license to a wholesale banking license.

The two banks will collaborate on investment advisory and other finance solutions.

It is expected to improve the FX market’s transparency and efficiency.

ATMs and banking channels were down during the outage on 1 September.

And Venezuela has imposed additional reserve requirements.

High foreign currency exposure is a rising threat.