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AI governance failures threaten banks’ returns

AI governance failures threaten banks’ returns

95% of GenAI spend has no outcome as organisations remain in the early stages of adoption.

Insurers chase AI gains as workers fear job losses

Ninety-two million jobs may be displaced by AI by 2030.

Trust Bank taps ecosystem to fuel digital banking growth

The digital lender credits partnerships, not just tech, for its scale to one million customers in under four years

Organised crime forces banks to rethink fraud prevention

Industry leaders say collaboration is key to combating organised financial crime.

AI avatars Wendy and Wayne debut in OCBC WoW app

New app debuts round-the-clock portfolio insights through virtual advisers.

Central bank zeros in on securities, cross-border payments for digital Philippine peso

Project Agila findings will steer wholesale CBDC strategy for financial institutions.

JCB contactless payment launches in Taipei Metro

Contactless payments are now available across four of Taiwan’s major metro systems.

China's affluent household wealth hits $21.34t as succession wave looms

Beijing, Shanghai and Hong Kong rank as the top three cities with the richest households.

Mizuho and Bank of Baroda join forces on India M&A finance

The alliance also covers foreign exchange hedging and escrow support for transactions.

Middle East conflict threatens APAC banks with $180b losses

S&P says 92% of regional lenders still hold stable outlooks despite growing uncertainty.

AI oversight gains urgency as deepfake scams surge 2,000%

Ashwini Karandikar urged firms to map every point where AI influences risk-bearing decisions this year.

RHB warns UOB faces margin loan and asset quality risks

Commercial real estate remains a concern despite signs of improvement in some markets.

Mynt IPO could raise $1.5b for GCash parent

The final price will be set later through a book building process.

DBS brings first synthetic securitisation to market

The $1.29b transaction expands the bank's capital toolkit to support future lending growth.

Thailand SEC seeks tougher AML controls with travel rule for digital assets

The draft requires firms to share customer information with digital asset transfers.

Philippine-based BPI to waive interbank transfer fees from 1 July

Transfers to banks and e-wallets will no longer cost $0.16 to $0.82.

Mizuho net income climbs to $8.2b in fiscal 2025

Basic income per common share increased to $2.89 from $1.45.