APAC
Weekly Global News Wrap: Barclays to cut 5,000 jobs; Wells Fargo appoints head of AI; HSBC exec warns about data centre investments
Weekly Global News Wrap: Barclays to cut 5,000 jobs; Wells Fargo appoints head of AI; HSBC exec warns about data centre investments
HSBC’s Elhedery said AI is “a major enabler to re-engineer and reimagine all our businesses, all our activities”,
4 hours ago
Malaysian and Thai central banks join SG’s BLOOM
They will ensure policy and regulatory considerations are taken into account.
11 hours ago
Crédit Agricole appoints Prateek Bajaj as Asia energy head
He will oversee structured financing and advisory services from Hong Kong.
13 hours ago
Wealthtech on track for lowest funding since 2018
Wealth players are expected to engage low and middle end of the market to increase scale and reach.
17 hours ago
Standard Chartered buys Zodia Custody as digital units combine
The proposed transaction remains subject to regulatory approvals across its operating markets.
1 day ago
Visa and Mesh to enable crypto payments at over 175 million merchants
Wallet holders can pay from crypto balances without selling or preloading funds.Visa is partnering with crypto payments network Mesh to let consumers spend cryptocurrency and stablecoin balances at more than 175 million merchant locations worldwide.
1 day ago
Payment fintech funding doubles in H1 as infrastructure leads
Expect growing interest in agentic commerce and AI-driven payments in H2, says KPMG.
1 day ago
Banks rethink overseas ties as payments go digital
Bank of America sees common standards and round-the-clock liquidity as key hurdles.
2 days ago
Sovereigns and corporates compete for the same loans and capital: Citi
Governments are borrowing to fund development and infrastructure, said Citi’s Stephanie von Friedeburg.
2 days ago
APAC stablecoin use skews 5.3x towards B2C payments
Allium and FXC Intelligence found that business transfers held a smaller relative share than conventional currency flows.
2 days ago
Asian banks gain brand value amidst fintech competition
ICBC recorded a 49% increase whilst Agricultural Bank of China registered 54% growth.
3 days ago
Maybank deploys AI to prevent banking disruptions
ServiceNow will support technology monitoring across Malaysia, Singapore, and Indonesia under a five-year agreement.
3 days ago
Citi's ASEAN investment banking revenue jumps 35%
The bank handled nearly $20b in regional acquisitions.
3 days ago
Can Southeast Asia's fintech startups survive the funding squeeze?
Just four funding rounds accounted for 86% of the region's $2.3b investment.
4 days ago
Visa expands stablecoin reach as StraitsX card GTV tops $6b
It enables international card issuance using existing merchant infrastructure, subject to local compliance rules.
4 days ago
India draws foreign banks as China expansion remains costly
Setting up a Chinese unit requires $149m in capital, versus $53m in India.
4 days ago
APAC banks favour AI fraud detection amidst security fears
FICO found that 42% of executives cited data privacy and protection as their biggest adoption barrier.
4 days ago
Commentary
The stablecoin conversation is missing the everyday user
Stablecoin payments are going mainstream. Hong Kong and APAC are showing how
Why digital assets are set to become mainstream in APAC
Bitcoin’s latest hacks expose where trust really sits in Asia