Singapore

But less than half of consumers are impressed with the digital financial services currently offered.

Treasury teams can mobilize liquidity and fund intraday payments in real-time.

Customers have the option to pay their tax balances in full or partially.

SmartStream’s Peter Hainz and Amazon Web Services’ Anna Green shared their insights on the advantages of on-demand and highly scalable cloud environments for banks and other financial institutions, as well as the factors hindering its adoption in the region.

This August, the Asian Banking & Finance and SAP will provide insights on the evolving landscape for ESG in financial services.

The sector will continue in a “reform and transform” path, hinging on successful digital banking applicants.

According to Singapore’s largest bank DBS, the volume of cash deposits and withdrawals fell by an unprecedented 11% in the first 3 months of 2020, a 6% fall from where the figure had been since 2017. Coupled with extraordinary growth in the adoption of e-payments, it’s safe to say that COVID-19 has altered consumer behaviour—and fast. 

Antony Ruddenklau believes that the financial services industry is at the foothills of change, and is about to undergo a significant transformation.

Those secured by a mutual fund with an ESG rating of AAA or AA will have their advance ratio increased by 5 ppt.

It simulated cross-border transactions involving multiple CBDCs on a common network.

But shareholders may not share the same optimism once they see investment banks’ Q2 results.

Matta will be a managing director and will also cover some sponsor clients for the region.

To move forward, the financial services industry should aspire to a "higher bottom line", says Kok Yong.

This includes the new head of Integrated Corporate Bank for its Taiwan business.

Funding and winding down of the pandemic’s impact on the economy will push this market.

And JPMorgan acquires ESG investing platform OpenInvest.