APAC
APAC payments revenue hit $1.3t by 2030 as deposit reliance slows
APAC payments revenue hit $1.3t by 2030 as deposit reliance slows
Transaction banking net interest income will also slow annual growth.
Two in five APAC firms are redesigning key processes around AI
About 41% are rebuilding key processes around the technology versus 28% globally.
Mizuho and IFC launch $1b supply chain finance facility for APAC SMEs
IFC will provide up to $500m in risk-sharing for supply chain finance instruments.
APAC billionaires set to transfer $1.3t in wealth to heirs by 2040
Commercial banks have beefed up their relationship manager headcounts between 2023 to 2025.
Swift aims to make cross-border payments as easy as domestic transfers
DBS, Commonwealth Bank of Australia, AP+, and IDFC FIRST Bank are amongst the participants.
Citi poaches J.P. Morgan’s global chemicals IB co-head
Chris Power will co-lead Citi’s global chemicals franchise with Arkadi Nachimowski.
Anchor bank status unlocks triple corporate wallet share
Being corporations’ primary bank means managing the bulk of their money.
Malaysia leads Asia QR interoperability at 39%
The Philippines trails the surveyed markets at 7% while the regional average stands at 26%.
CBA, ASB, BofA join consortium for AI commerce rules
Their next step is to detail how the principles can be implemented.
Most SMEs eye switching cross-border payment provider in 2 years: poll
SMEs in Indonesia and India are the most likely to shop around with at least four providers.
Stablecoins could split Asia’s payment systems further
Some 44% of finance professionals may use digital currencies within two years.
HSBC Private Bank names UBS veteran Francesca Chan as APAC family advisory head
Chan is tasked with leading teams of family advisory and philanthropy advisory specialists across APAC.
PwC’s Wanyi Wong: Speed alone is no longer enough for fintech success
She mentioned that amidst evolving consumer expectations, the products winning today are the ones that are instant, contextual and trustworthy.
HSBC Trust and Fiduciary Services’ assets jump 40% in five years
The TFS business marked its 80th year of operations in Hong Kong and Singapore.
Syfe surpasses $15.67m AUM with new trading and lending services
Its brokerage services will roll out a stock lending service soon.
Only 2% of APAC bank leaders confident in scam detection
About 49% said they are not very confident and 2% are not confident at all.
The hidden cost of delaying card-issuing modernisation
Jonathan Bautista, APAC Regional Solution Director at BPC, discuss how modular architecture and disciplined migration are reshaping how banks approve, launch, and scale card products.
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1. Singapore opens door to foreign stablecoins under tighter rules 2. Maybank deploys AI to prevent banking disruptions 3. Standard Chartered says smarter AI use beats cutting-edge tech 4. Paymentology partners with AUB on digital payments 5. HSBC Private Bank trains wealthy heirs to tackle succession risksResource Center
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