Singapore

Loan exposure to China has grown although loan quality has yet to be tested.

In China, propety exposure has grown to 15% of sector assets.

Banks in Asia Pacific account for 40%.

DBS retained the crown in terms of back office centralisation.

Stefano Virgilli talks about Pocket Money’s role in plugging the funding gap for borrowers who failed to get access to the formal financial system.

Average daily FX trading volume hit $870.63b in April.

In a period of uncertainty for global trade, fuelled by protectionism and increasing concerns regarding a potential US-China trade war, the strength and resilience of Asian trade endures.

Traditional banks are under fierce rivalry from new competitors, both big tech companies and smaller fintech start-ups. Initially, existing regulators were making it harder for new entrants to challenge banks, but this is starting to change. In Hong Kong, Chinese technology firms such as Alibaba, Tencent and Xioami were recently granted virtual banking licenses. They can now compete head-to-head with traditional banks on a level playing field. To preserve their market share, banks need to reposition themselves in the market and offer customers a better digital experience. Simply hiring a digital team and occasionally implementing stand-alone digital initiatives will fall short.

He will discuss how to drive innovative business models based on open data and open banking.

Payment and remittances companies snapped up $24.7b in funding.

OCBC's non-SGD loan book exposure hit 65% in Q2.

This lender has more than half of its bad assets unsecured.

He will make the case for the self-service data analytics model.

Loans to DBU trade-related segments and mortgages slowed.

OneConnect received a virtual banking license in Hong Kong earlier this year.

They can access four to seven ETFs with a minimum investment sum of S$1,000 or US$1,000.