Banks & Service Providers

Yang Wen, Swift's head of North Asia, shared his views with CT on how ISO 20222, fraud detection, AI-driven analytics and digital payments, including on wallets, are evolving in Asia Pacific.

The Singapore telecoms firm is set to spend S$1.2bn on data centres, equipment and fit-outs for GPU-as-a-service facilities and AI; in February it invested in a data centre firm with KKR.

Hung has taken up a new position as head of global corporates, Hong Kong, Corporate and Institutional Banking (CIB), at the global bank.

Philip Kam, APLMA's CEO, believes that SLLs shouldn't "drown businesses in paperwork".

The former HSBC banker has most recently led Citi Thailand’s commercial subsidiaries group.

From the use of antibiotics, to biodiversity, to battery makers, to data centres, to shipping, the region's firms are teaming up with banks to help support a wide range of sustainability efforts with clearer targets.

The drawdown loans for Central Yards on Hong Kong Island are for HK$50m from Hang Seng Bank and HSBC, respectively; the focus will be on urban biodiversity restoration and conservation.

Anita Li will join the US bank from Standard Chartered in July.

Despite the race to adopt AI and use fintech tools, CFOs and treasury leaders say communication, judgement and teams matter, and that career paths in finance are becoming anything but linear, said a panel at CTWeek.

Amid more interest from treasury teams in digital assets such as stablecoins in Apac, the system has been designed to allow them to see all these accounts in one place.

As oil prices soar, one senior economist argues the currency is "adjusting to a new global equilibrium". Foreign investors pulled over $10bn from Indian shares in March and the RBI is introducing controls on banks' FX positions.

Matthiessen will become global head of transaction services and digital assets for Corporate & Investment Banking and joins from Deutsche Bank.