Asian Banking & Finance (January - March 2023)

Page 6

News from asianbankingandfinance.net Daily news from Asia MOST READ

BANKING TECHNOLOGY

Small step for Green Link Digital Bank, large leap for Singapore MSMEs Even the smallest of ripples can transform to be the biggest waves in the ocean–and a similar mindset is driving Green Link Digital Bank (GLDB), Singapore’s newest wholesale digital-only bank, which announced its soft launch in June.

RETAIL BANKING

UNO Digital Bank sets its sights on being Filipinos’ top virtual bank For the Philippines’ newest digital-only lender UNO Digital Bank, there’s no other place they want to be but at the top. “We want to be number one when it comes to impact on financial inclusion, number one in terms of lending balance sheet, number one in terms of innovation.”

4 ASIAN BANKING AND & FINANCE FINANCE | Q1 | Q3 2023 2021

BANKING TECHNOLOGY

Why LINE Bank chose Indonesia as its third home After successful launches in Thailand and Taiwan, LINE is going steady in Indonesia. The country released digital banking guidelines in mid-2021 that allowed digital banks to be built from scratch, through partnerships and acquisitions, or through reorganising current players into neobanks.

BANKING TECHNOLOGY

Does the future of banking lie in the metaverse? The future of banking may just lie within the comforts of your home while you transport yourself into a digital world and your digital self discusses finance with your digital banking assistant. At least, that’s what banks are betting on as they head into the metaverse.

BANKING TECHNOLOGY

The new brand of personalisation that’s shaping Citi’s digital banking The word personalisation gets thrown around a lot when it comes to digital banking. With 80% of their customers logging into their applications monthly, Citibank knows only too well about these expectations: a customer experience-centered banking journey, right at their fingertips.

RETAIL BANKING

Salaries soar as Hong Kong banks engage in poaching war Hong Kong banks are shelling out large sums of money to attract, retain, and develop key staff amidst a shrinking pool of talent. This, coupled with tough competition from their peers, has pushed up offers and counter offers to their highest rate in a decade, recruitment agents said.


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OPINION PAT PATEL Economic lifeline: The coming together of fintech leaders in driving growth amid crisis

3min
pages 50-51

Steering a bank through geopolitical rapids DEREK LEATHERDALE

3min
pages 48-49

Paywatch enables early salary withdrawal for Malaysians

2min
pages 47-48

CASE STUDY 1: DBS CARD LOANS DBS HK introduces fully digital card loans for instant cash

2min
page 46

AI adoption in the banking sector is not a ‘race’ but a question of trust: HSBC

2min
page 44

EVENT COVERAGE: SFF PANEL 2 Intent vs ability: Ghana’s Kwame Oppong on why banks should shift lending models

2min
page 42

Better rates, lower fees will not be enough for digital banks to make a profit

5min
pages 40-41

EVENT COVERAGE: SINGAPORE FINTECH FESTIVAL

1min
page 39

EVENT COVERAGE: SINGAPORE FINTECH FESTIVAL Tokenised assets, stable coins central to Singapore’s crypto hub ambitions

2min
page 38

ANALYSIS: DIGITAL ADVISORY

2min
page 37

Why a hybrid platform is key to banks’ digital advisory woes

2min
pages 36-37

SECTOR REPORT: CARDS & PAYMENTS Meaningful experiences, wellness as key pillars of the return of travel: Mastercard

2min
page 34

BNPL regulations toughen debt prevention and financial literacy in Asia Pacific

4min
pages 32-33

Why the universal banking model is no longer sustainable in modern-day banking

6min
pages 30-31

REPORT: UNIVERSAL BANKING MODEL

2min
page 29

REPORT: UNIVERSAL BANKING MODEL Retail banks must operate like tech firms to thrive

3min
pages 28-29

SECTOR REPORT: CARDS & PAYMENTS

1min
page 27

Real-time cross-border payments edge closer to reality with ISO 20022

3min
pages 26-27

French fintechs tap into Asia’s booming market

3min
pages 24-25

INTERVIEW How GCash cornered the Philippines’ sachet economy with SMS-based remittance service

4min
pages 22-23

BANKING OUTLOOK: APAC APAC banking industry outlook by market

1min
page 21

Inflation, weak economies to erode Asia Pacific banks’ buffers in 2023

3min
pages 20-21

BRANCH WATCH 2: CITI HONG KONG Citi entices Hong Kong’s ultra-wealthy with first-ever Global Wealth Centre

1min
page 19

BRANCH WATCH 1: HSBC SINGAPORE HSBC Singapore’s new head office embraces hybrid ways of working

1min
page 18

How will the FTX collapse affect the cryptocurrency industry?

2min
page 16

Only 1 in 10 of banks’ energy financing deals went to renewables

2min
page 15

Revised license and laxer listing rules to rock Hong Kong fintechs

2min
page 14

P2P lending in regulatory shake-up

1min
pages 12-13

Loan demand to recover, but China’s banks still need to buff loss cushion

3min
pages 10-12

BTN’s housing loan innovation a big hit amongst millennials

3min
page 8

Daily news from Asia

1min
page 6
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