News

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.

Thai insurers miss growth opportunity from concert goers

This is why Thai Setakij Insurance is looking beyond the standard travel-insurance model.

Why banks must become gatekeepers or accept commodity status

Global banking revenue is growing, but non-bank challengers will capture 35% of it by 2030.

DBS Bank taps Ascenda to boost rewards competition

Hong Kong launch begins 27 April as part of phased regional rollout.

Bank of Singapore reshuffles advisory team amidst UHNW focus

Jiawen Guo will oversee the Singapore based wealth advisory group.

SMBC launches transaction banking brand SMBC Connect

The Japanese megabank is revamping its TB and especially its cash management services.

Japan Post Bank flags $27.07b securities losses for FY2026

It does not expect the losses to have any impact on its earnings or annual dividend.

JPMorgan and Houlihan Lokey are top M&A financial advisers in Q1: GlobalData

JPMorgan advised $24.7b in deals whilst Houlihan Lokey advised 19 deals.

Green SM Laos onboards Umoney e-wallet to payments

The two will develop digital and financial payment solutions for Green SM drivers.

Union Bank of the Philippines’ net income doubles to $62.69m in Q1

It noted some trading losses associated with the Iran conflict, however.

Bank Mandiri Q1 profit up 16.6% as Agrinas drives loan growth

The bank is prioritising asset quality and underwriting discipline, leading to slower retail loan growth.

FWD Macau taps Banco Well Link for bancassurance partnership

The offer includes insurance services for high-net-worth individuals.

Commonwealth Bank of Australia deploys agentic AI to detect scam patterns

It also creates new rules to intercept scams, approved by the bank’s fraud analytics team.

Citi forms new investor group to replace asset managers cluster

Vikram Chavali will continue to lead FSI for JANA and Asia South.

Natixis CIB opens branch in India’s GIFT City

It offers foreign currency denominated structured products and finance, amongst others.

Ant Int’l deploys privacy enhancing technologies in Alipay+

Only encrypted data is transferred to Alipay+ for processing.