APAC

Singapore will have 867 fintechs for every 1 million people, UnaFinancial said.

Convenience of remote banking has changed how people manage their money.

Viswas Raghavan was CEO of J.P. Morgan in EMEA since 2017.

Loans extended by banks rose by $8.5b during the period.

It found new functionalities that could lower barrier-to-entry, Citi said.

He will be responsible for overall management and development of the business.

Credit losses could rise 7% to $490b in 2023, S&P Global Ratings projected.

Carsten Stoehr will join SMBC on 19 February after 25 years in Credit Suisse.

The report calls for better customer awareness of disruption and recommends institutions to keep at least a 99% uptime.

The investment is targeted at US$1.5b for a three-year period.

Organisations must realize that not everything is black and white and adjust accordingly.

NayaPay customers can now accept payments from Alipay+’s 25 global payment partners.

There is an urgent need for traditional FSI and insurance companies to digitally transform due to increased competition and consumer expectations for digital access to services.

They must also simplify business models and embrace their “tech” identity. 

As financial networks look to become increasingly interconnected within and cross borders, the imperative to ensure their seamless and stable operation grows more vital, says Penny Chai, VP of Business Development, APAC at Sumsub.

Today it’s a finger tap, tomorrow you may only need your face to pay, says Mastercard’s Karthik Ramanathan.