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What businesses should prioritise in generative AI adoption
What businesses should prioritise in generative AI adoption
Banks should focus on integrating new technology into banking processes without forgetting that humans are at the center.
Anna Pruska, PhD, appointed President of the Management Board of Comarch S.A.
The Extraordinary General Meeting of Comarch S.A. was held on 3 January 2024.
38% of financial institutions attain full-stack observability
There is an urgent need for traditional FSI and insurance companies to digitally transform due to increased competition and consumer expectations for digital access to services.
Banks urged to exit low-return businesses to clinch $7t value: analysts
They must also simplify business models and embrace their “tech” identity.
MUFG aims to double asset management exposure to JPY200t by 2029
The bank has outlined growth plans to grow its AM business.
China’s big four banks saw market value growth in Q4
But capital ratios and loan-to-deposit ratios declined during the year.
Malaysia unveils proposed guidelines for currency processing
It aims to improve transparency and accountability, amongst others.
Mizuho aims to join “trillion dollar club” in asset management: report
The bank is reportedly in talks with overseas asset managers for deals.
8 in 10 Filipinos say formal credit options more accessible in 2023: Digido
At least 1 in 2 respondents had an outstanding loan from a formal lender.
Security Bank updates terms for cash mgmt, trade finance solutions enrollment form
Notable changes include stating guidelines for T&C changes and its extent of accountability.
SMBC, Jefferies expand investment banking collaboration to EMEA
In 2023, SMBC had raised its ownership of Jefferies to 15%.
Philippine remittances up 2.9% to $3b in November: central bank
Cumulative personal remittances grew to $33.6b in the first 11 months of 2023.
Former PH finance secretary appointed to monetary board
He joins a seven-member board headed by BSP governor Eli Remolona, Jr.
Maybank Singapore unveils CPF time deposit for 2.9% per annum
They must allot at least S$20,000 from their CPF ordinary accounts to the time deposit account.
Thailand’s Krungsri teams up with Klook to elevate position in travel market
Exclusive privileges will be offered to the bank’s customers.
Weekly Global News Wrap: Citi to cut 20,000 jobs in two years; Spain’s BBVA expects higher dividend payout
And crypto firms in UK are introducing new risk assessment and profile tests ahead of stricter regulations.
Hong Kong’s Bank of East Asia inaugurates tower in Qianhai
It will serve as the bank’s strategic hub in the Greater Bay Area.
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