Singapore

The region’s virtual lenders have been involved in only 7.8% of deals since 2014.

The Greater China region represented a fourth of one bank’s profit before tax.

And Russia may need to shell out another $1.6b as part of a bank bailout.

Three of China’s big four banks are already live on the platform.

Eugene Ganchev is the new Asia Pacific head of trade & commodity finance, whilst Gregory Vandeler is Asia Pacific head of agri-commodities & TCF coverage.

The government wants to reduce cash and increase e-payments.

The scheme will be a part of the Singapore Quick Response Code utilising mobile banking apps.

The likely target will be individuals shunned by private banking and pushed into premium retail banking models.

And Goldman Sachs is investing $500m into women-led and owned firms.

The value of non-cash transactions in China hit 50% in 2016.

The bank will channel $200m worth of investment in GBA over the next five years.

Users can now make NETS payments via their mobile phones.

‘Jim’ can save up to 40 hours monthly otherwise spent on manual processing.

“How do you achieve operational efficiency in a leaner model?” is the question banks seek to answer.

She will report to Philippe Benoit, head of Asia Pacific, and Pierre Veyres, CEO for Singapore.

Their combined assets under management (AUM) hit $91.5b in 2017.