APAC
Singapore, Hong Kong banks tap APAC family office boom
Singapore, Hong Kong banks tap APAC family office boom
They can help manage costs, which could balloon to 3% of assets.
Health, retirement are affluent Asians’ top financial worries in 2024
Globally, 3 in 10 Baby Boomers surveyed are still behind their savings goals, says HSBC.
Citi nabs J.P. Morgan banker to head investment banking financing
Achintya Mangla is now in charge of financing duties for Citi’s global DCM, ECM, syndicate and private capital markets.
UnaFinancial reaches $2b in loan disbursements
At least 65% of its 17.7 million customers get another loan from them.
Banks must expand net zero targets, set clearer O&G goals: org
Japan, SoKor have yet to set medium and long-term targets aligned with a 1.5°C scenario.
Asia Pacific drives 54% of bancassurance market growth
The market is seen to expand by 6.74% this year.
Visa enables use of cards to pay in Cebu, Mandaue modern jeepneys
Commuters visiting the two Philippine cities can pay with their Visa cards in 140 modern jeepneys.
Regulators' push to curb tech outages may boost bank expenses by 20%
Banks in South and Southeast Asia must enhance tech systems or face firmer penalties.
SMBC names Atul Bhuchar as APAC head of transaction banking product
Bhuchar joins from Partior, a JV by Temasek, DBS, JP Morgan and StanChart.
Millennials, Gen Z embrace investing earlier than older gen
Financial security and family support are their top goals in investing.
Geopolitics, elections to take APAC banks in a “bumpy ride” in H2
Financial institutions are overall well-buffed against risks.
Demand for cross-border payments rises as int’l payments scale
The share of people using int’l real-time payments is rising.
StanChart beefs up leadership of trade and transaction banking teams
SC appointed new banking heads based in Singapore and Germany.
Citi’s wealth unit selling its trust business: report
The bank has been on a selling spree since 2022.
Fintech investments in APAC drop 19% to $3.7b in H1
All regions globally recorded a decline in fintech investments.
PT Bank Tabungan Negara (Persero) Tbk leads in technology and operations at ABF Wholesale Banking Awards 2024
BTN's strategic IT advancements and operational efficiencies secure top honours, affirming its role as a pioneer in the Indonesian banking industry.
BofA names Winnie Chen as head of APAC global payments solutions
Chen will begin her duties in September 2024.
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