Retail Banking
China's fintech ecosystem is scaling faster than the US and Europe
China's fintech ecosystem is scaling faster than the US and Europe
Outside of China, fintechs are only able to disrupt one vertical unlike Alipay or WeChat Pay.
More than half of Hong Kong banking professionals willing to work in GBA cities
Those employed in senior management positions are the most willing to transfer.
Philippine banks' bad loan ratio to hold steady at 3.5% in 2019
Strong capital buffers can help weather volatile currency risks.
Australia's big banks profited $792m by subverting mortgage cap: regulator
The banks were accused of accomodative pricing behaviour.
Dementia sufferers catch Japanese banks off guard
Japanese residents with dementia will hold $2t in financial assets by 2030.
Weekly Global News Wrap Up: US banks brace for deal frenzy as 2017 M&As doubled to $196.5b; JP Morgan targets mid-sized firms in European pivot
And UAE and Saudi Arabia have deployed digitla currency for settlements.
India's ATM industry struggles with steep compliance costs
Half of the infrastructure may close down by March 2019.
Chinese regulator refuses to let up on banking crackdown with $22m fine
This represents one of the largest penalties in 2018.
Singapore banks embark on hiring spree in fight against dirty money
As a result, IT security professionals can command up to 30% in pay hikes.
HSBC installs ‘dementia' specialist staff in Hong Kong
They will assist the elderly with their finances.
APAC banks brace for slowdown as GDP growth peaks
Loan growth will slide across the region.
Emerging Asian banks may outpace developed peers in credit gains
The Philippine and Thai infrastructure campaigns will fuel borrowing.
CIMB Group profits rose 4.1% to $283.8m in Q3
Non-interest income surged 19.9%.
Global wealth managers double down to capture Asia's tech-savvy crazy rich millennials
Innovative fintechs are filling in gaps in order to meet the complex digital demands of this booming client base.
Weekly Global News Wrap Up: Brexit may slash London bank assets by $909b; Swedish banks mull Stibor alternative
And EU is moving to enhance its money laundering defense.
Chart of the Week: Mortgage slowdown to hit Australian bank loans in 2019
Housing loans constitute over 60% of their overall banking credit.
Maybank profits down 3.5% to $471.31m in Q3
It was hit by the profit decline in the insurance division over higher contract liabilities.