APAC
HSBC profit after tax down 30% in Q1
HSBC profit after tax down 30% in Q1
The gap was reportedly due to the over $3b it got from sales in Q1 2024.
APAC banks slow to update decision rules: survey
Just 27% of banks report frequent use of simulation tools.
Financial inclusion in Asia may reach 80.2% by 2030: study
Digital transformation and improvements have helped in this regard.
Financial services, insurance lose $2.2m per hour from outages: study
The value they lose is 16% higher than the average across all industries.
Open banking users to rise threefold through 2029
It is estimated that there are 183 million open banking users in 2025.
Citi’s Corporate and Investment Banking sees 84% rise in M&A fees
It captured 5% of the global investment banking wallet share in Q1.
Citi names Goldman Sachs banker as head of markets solutions in Asia South & North
Chan spent 10 years as head of FICC and equity distribution for SEA at GS.
The Asian connection: China's path to sustainable growth
Consider the ASEAN region, a collective of ten Southeast Asian countries brimming with untapped potential.
Ant International boosts SME treasury tools with World Card launch
The physical card will be launched later this year.
Standard Chartered unveils sports investing fund for wealthy clients
The fund focuses on sports, media, and entertainment opportunities.
Banks should refine AI safeguards on rising complexity and exposure: McKinsey
Having just one committee to oversee all gen AI applications is not a good fit.
Fintech funding rises to highest Q1 period in two years
They amassed $10.3b in funding across 777 deals made.
JCB expands payment acceptance to Apple services of 7 Asian markets
Cardholders can now pay for their Apple purchases in these seven markets.
Aleta Planet unveils digital payment app for Muslim merchants
It offers no transaction fees for 24 months and cashbacks for merchants.
Global Top 25 banks market cap up 20.1% to $4.7t; China Big 4, DBS rise
HSBC also recorded a double digit increase in its market cap.
BofA’s AI virtual assistant Erica halves IT service desk calls
It plans to incorporate gen AI in Erica for coding assistance and report synthesis.
APAC developed market banks to see limited loan growth, NIM pressures
Hong Kong is expected to see even slower loan growth than other DM markets.
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1. 2 in 3 Singaporean retail investors now hold crypto: survey 2. Singapore vital in Southeast Asia’s digital economy: report 3. Hang Seng revamps branches, opens wealth centre at Kowloon main branch 4. Asia risks succession crisis as wealth surges ahead of planning 5. AMINA HK can now offer crypto spot trading, asset safeguardingResource Center
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Events
Event News
Asian Banking & Finance Retail Banking Awards 2025 Winner: Carlo Mariano and Ivy Uy of East West Banking Corporation
Carlo Mariano of East West Banking Corporation shares how EWBC’s regulatory solution ensures compliance while putting customers first.
Commentary
Fighting fraud in the digital banking age
Asian banking’s next frontier: Beyond growth, embracing precision
Rethinking cybersecurity: How APAC banks can safeguard against AI-powered threats
Why Singapore’s fast payments need faster protections