KPMG

KPMG firms operate in 145 countries and territories, and in FY21, collectively employed more than 236,000 people, serving the needs of business, governments, public-sector agencies, not-for-profits and through KPMG firms' audit and assurance practices, the capital markets.

Banks curb expansion into capital-heavy businesses

Retail banking participation fell to 9% in this year’s survey.

Hong Kong banks near end of CRE pain but credit costs linger

A buoyant IPO market in Hong Kong is offering some relief, a market expert said.

Hong Kong banks face margin squeeze despite asset growth

Loans advanced 3.3% in 2025 and ended a three-year contraction.

Banks waste AI spending without workflow redesign as only 10% see gains

Embedding AI into operations and simplifying processes is key to cost-income gains in banking.

APAC fintech funding slumps 52% as VC investment craters

Total fintech funding reached $19.4b across 1,675 deals in 2022 before sliding.

Fintech investments and deals slow to $44.7b in H1 2025

But the digital assets space has amassed nearly equal to its total 2024 investments.

Banks target 2030 cost cuts through transformation efforts

About 1 in 3 see embedding AI as a way to transform their organizations.

Gen Zers spur banking reinvention

Young consumers are changing financial norms and expectations.

Principled AI key to transformation of financial services

Companies must be transparent and fair to maintain trust and mitigate reputational risks.

Companies urged to implement AI with focused use cases

Careful assessment and governance is the key.

Funding freeze hits BNPLs

Investors are putting less cash towards BNPL providers, who already grapple with thin margins.

Is the BNPL market really booming?

BNPL faces consolidation due to rising rates, while growth continues in emerging markets.

Chinese banks must move from size reliance to sustain profits

Most struggle to diversify their income sources as they seek short-term growth.