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Ukraine’s ambassador Zelenko: “Financial services community can contribute to stopping Russia's war”

Theasianbankersg06 Apr, 2022Other

Ukrainian ambassador Kateryna Zelenko, talks with The Asian Banker's Emmanuel Daniel and Mathew Welch to discuss the implications of the Russia-Ukraine war on the financial services industry. The consequences of immediate ban on oil and gas may stop Russia and here are all the insights you need to know .

Banks face escalating battle in fight against digital fraud

Theasianbankersg04 Apr, 2022Finance

In the last two years, around 4,200 companies, organisations and government institutions fell victim to ransomware attacks according to an estimate by cloud-based cyber security firm, Abnormal. Here are al the things you need to know about how banks are dealing with escalating digital fraud.

eNaira to narrow financial inclusion gap in Nigeria

Theasianbankersg29 Mar, 2022Fashion

The digital representation of Nigeria’s physical currency—the Naira— can be transferred through blockchain technology, the same as in cryptocurrency, but its value will be preserved. According to the International Monetary Fund (IMF), which provided technical assistance and policy advice during the rollout of eNaira, 90% of Nigeria’s population can be expected to adopt the digital currency.

Rise of digital banks in Africa: Challenges and opportunities

Theasianbankersg28 Mar, 2022Other

Digital banks that seek to serve the unbanked in Africa are offering innovative and customer-centric services that are not only attracting more users but deep-pocketed long-term investors. What traditional banks lack in flexibility and speed, these new players or neo banks are quick to provide and improve on – especially during the COVID-19 pandemic.

Mobile payments to overtake cards by 2024

Theasianbankersg25 Mar, 2022News

The COVID pandemic has accelerated the adoption of digital transactions and mobile payments, including the use of digital cards. These payment methods provide enhanced security and ease of use and have become a part of consumer's daily routine and lifestyle.

Chinese banks are the most efficient in Asia Pacific

Theasianbankersg24 Feb, 2022Finance

Chinese Banks are the most efficient banks in Asia PAcific and Bank of Shanghai backs the first position being the most efficient. Chinese banks recorded a CIR of 31.1% .This efficiency is largely attributed to the growth in their operating income and relatively controlled operating costs, despite the prevailing economic headwinds. Here are all the things you need to know about the most efficient banks in the Asia Pacific region.

ISO 20022 adoption will drive 100% STP in the payments ecosystem

Theasianbankersg03 Feb, 2022Other

As global banks move towards ISO 20022, it is important to understand the impact of the new adoption will have on the banking payment industries and what challenges they will face as the international settlements are constantly modernising. After an unforeseen and unintended delay caused by the COVID-19 pandemic, payment giants are now ready to start the global implementation of ISO 20022. Here are some things you need to know about the new adoption.

UOB Group acquires Citigroup’s consumer business in four ASEAN markets

Theasianbankersg20 Jan, 2022Other

UOB Group has announced its acquisition of Citigroup’s consumer franchise in 4 markets which are Indonesia, Malaysia, Thailand, and Vietnam. The new acquisition comprises Citi’s unsecured and secured lending portfolios, wealth management and retail deposit businesses. Here are all the things that you need to learn about this new acquisition.

Basker Rangachari gives a glimpse of consumer credit competition in China

Theasianbankersg20 Jan, 2022Finance

The consumer finance industry in China has grown rapidly, mostly in the last five years. The aggressive entry by strong e-commerce fintech players into the consumer finance industry has pushed digitalisation to new heights and engaged consumers at an astounding rate. All of these digital players have created a competition in China and here are things you need to know about Consumer Credit Competition in the region.

Alex Bank’s Simon Beitz: “We focus on a higher margin for risk opportunities in consumer finance”

Theasianbankersg12 Jan, 2022Other

Simon Beitz, founder and CEO and Craig Fenwick, co-founder and CFO at Alex Bank share their business model, strategic plans for future growth and how they build their technology to address the challenges and opportunities of digital banks in Australia.