A battle over the soul of supply chain finance is raging as fintechs slam banks as outdated, banks accuse fintechs of being lightweights and the rating agencies who insist that trade credit is not debt
Where does Libor live in a bank? Why are banks in Asia not looking at Libor transition seriously? Which bank is racing ahead? It’s been an interesting couple of weeks for Libor transition watchers.
More than half of adults living in ASEAN are unbanked and, according to new academic research, fintech companies are not working hard enough to change this.
A recent McKinsey report states slowing Chinese growth coupled with digital headwinds could see the bigger fishes eat the smaller fishes across the world of Asian banking.
As Asia’s economies grow, a business intelligence firm warns that a growing disconnect between distant headquarters and local offices could lead to an increase in fraud as internal audit teams fail to meet the mark.
From Kasikornbank in Thailand to HDFC in India, large corporates increasingly turn to local Asian banks over global players to meet their corporate banking needs in Asian markets.