APAC

Asian fintechs to outpace global competitors; China posts tepid growth

S&P Global’s latest report shows Asia’s fintech growth may be gradual for 2023, but small and emerging economies will keep the region steady.

Fintech funding slows to 10-year low as investors tout quality over quantity

Asian fintechs clinched US$5.1b in investments in H1, lower than $45b in H1 2022.

Citi Global Wealth unveils ULTIMA credit card for private bank clients

Singapore’s UHNW clients’ spending outpaced pre-pandemic spending by 56%.

Ardshinbank clinches top honour as the Domestic Retail Bank of the Year - Armenia

Their exceptional growth and customer-centric approach secure the prestigious ABF Retail Banking Award.

Exceptional banks and financial institutions recognised at Asian Banking & Finance Awards 2023

Industry players across the region gathered in Singapore to celebrate their wins at the Wholesale Banking Awards, Retail Banking Awards, and Corporate and Investment Banking Awards

Asian banks see market cap value jump in Q2: study

Of the 25 global banks included in the report 13 are headquartered in Asia.

Citi Commercial Bank unveils CitiDirect Commercial Banking platform

It will be available to customers in Hong Kong, Singapore, and India in H2 2023.

M&A not the only route to enter Asia’s financial markets: expert

Asia Pacific sellers are faring worse than their global peers post-acquisition, according to a report by PwC.

Natixis CIB names APAC head of financial sponsors group

Anurag Poddar was most recently a managing director for Natixis CIB in New York.

Paywatch inks MOU with Visa to offer EWA solution across Asia

Paywatch will make use of Visa’s cross-border capabilities and network.

Asian Banking & Finance Summit returns to Singapore in September

After years of virtual conferences, this year’s event is the first to be held in person.

APAC regulators begin conducting climate risk stress tests: CreditSights

At least seven APAC central banks and supervisory authorities have accomplished at least one version and published the results.

HSBC’s PayMe allies with AsiaPay to offer merchant payment solutions

The collaboration attracts customers through versatile payment choices through a unified device.

MDBs certain on new financing principles with Paris Agreement targets

The collection of technical papers showcases their strategies and plans correlating to the Paris Agreement.

HSBC plans to become top choice for VCs: report

It also plans to expand its focus to the Singapore market.

40% of APAC susceptible to scam, youth more vulnerable: Visa

The youth are 1.3 times more likely than older adults to have been victimised by scams.