Financial Services News

The growth of mobile continued to dominate the financial services industry in 2013, while big data and analytics emerged as important avenues to improve customer engagement. As banks try to remain customer centric in the Asian market, many are at...

Banks should partner with microfinance institutions (MFIs) as both can leverage off the other for their reach into an untapped market, according to Irianto Kusumadjaja, Chief Information Officer at Bank Andara, who spoke at the Inaugural Technology & Innovation –...

As mobile and digital adoption continues to grow at a rapid rate across Asia, banks in the region are looking at alternate delivery channels, even transforming the existing brick-and-mortar bank branch.  Across Asia, kiosks are popping up to replace banks,...

Kevin Lam Sai Yoke has switched roles at United Overseas Bank. He will now serve as Deputy Chief Operations Executive effective 1 December 2013. He leaves his role as Managing Director and Country Head of personal financial services in Malaysia....

As banks across Asia evolve their products and services to keep up with customer demands, they also need to streamline their back-end platforms to manage payments and marketing for risk and fraud, according to Richard Moore, Managing Director & Group...

The convergence of mobile, social, data and the cloud has emerged as the game-changing trend for financial institutions in the year ahead, according to a poll of delegates who attended FST Media’s 8th annual Technology & Innovation — the Future...

Social media banking is high on the agenda of most banks, but many in the industry believe the issue is flying under the radar as mobile payments dominate the technology landscape. With China’s mobile phone user base growing to over...

In a report by the Financial Times, NAB’s Chief Executive, Cameron Clyne has been pegged as a contender for one of the “toughest jobs in UK Banking”. In the report, Clyne is listed as one of Financial Times’ list of...

In a report by the Financial Times, NAB’s Chief Executive, Cameron Clyne has been pegged as a contender for one of the “toughest jobs in UK Banking”. In the report, Clyne is listed as one of Financial Times’ list of...

Mohamed Rafique Merican Mohd Wahiduddin Merican has been appointed Group Chief Financial Officer at Malayan Banking Bhd (Maybank Group), the country’s largest bank. Rafique will oversee the overall running of the day-to-day operations and ensure continuity in the entire operations...

  Philip Lee was appointed by Deutsche Bank as its Chief Country Officer for Singapore and Vice Chairman for South-east Asia effective from July 8, 2013. Previously the Singapore face of US investment bank JP Morgan, Lee will take on...

Despite tech giants like Facebook and Google leading the charge towards online transactions and mobile banking, “the gap between demand for skilled mobile developers and their lack of availability is hindering the roll-out of mobile banking applications by financial service...

Yvonne Chia will retire from the position of CEO at Hong Leong bank, effective June 30. Chia held the role for over ten years, and the bank has yet to announce a replacement. Christopher Lasowski has been named Head of...

Another change to the NAB executive team sees Antony Cahill "appointed NAB’s Executive General Manager, Digital and Direct”, a NAB spokesperson has confirmed exclusively with FST Media. Mr Cahill’s title will be Executive General Manager, Digital and Direct Banking, a...

Kate Richdale has moved from Morgan Stanley to Goldman Sachs to be its Head of Investment Banking services for Asia, excluding Japan. Richdale will also be a Partner at Goldman Sachs. Her previous role with Morgan Stanley, Head of Investment...