APAC

E-Invoicing in Japan: Innovation Opportunities from a Treasurer’s Perspective

Electronic invoice (e-invoicing) is a system to digitize qualified invoices that are mandatory for the deduction of purchase tax under Japan’s qualified invoice system. This system is intended to provide an appropriate consumption tax credit for purchases in response to the multiple tax rates for a consumption tax in 2019, and is scheduled to be introduced in October 2023. 

E-Invoicing in Japan: Innovation Opportunities from a Treasurer’s Perspective

Electronic invoice (e-invoicing) is a system to digitize qualified invoices that are mandatory for the deduction of purchase tax under Japan’s qualified invoice system. This system is intended to provide an appropriate consumption tax credit for purchases in response to the multiple tax rates for a consumption tax in 2019, and is scheduled to be introduced in October 2023. 

Deutsche Bank opens first Bangladesh office

It is their 15th market to be active in.

APAC’s non-bank financial institutions face liquidity challenges: S&P

One NBFI failure is enough to trigger a domino effect and collapse a whole market.

SWIFT rolls out pre-payment prediction service for cross-border payments

It identifies possible problems in the future payment based on previous data from 9 billion transactions.

Retail bank sales fall as digital struggles to fill branch banking hole

Digital sales rose to a new record, but could not offset fall in branch sales.

Rethinking the mortgage lending experience

There is no denying the recent volatility of the real estate market. During the pandemic, US lenders saw record numbers of mortgage applications driven by the low cost of borrowing, while record-low interest rates fuelled a rise in housing prices across Asia-Pacific. Now, in mid-2022, rising interest rates are cooling real estate markets as consumers rush to refinance into the best deal they can find for their mortgage. Regardless of the ebbs and flows of the markets, lenders are sharpening their tools as competition increases. The mortgage industry has been adopting technology to streamline the process of getting a loan, with the goal of making the consumer experience smoother and faster. 

Citi Global Wealth APAC clients invest $5b in bonds in May-July

Majority of investments flowed to fixed income funds and hedge funds.

Prioritising customer-centric initiatives amidst digitalisation

Through its remarkable services, Bank SinoPac continues to provide a comprehensive financial ecosystem for its customers.

Give loyal customers the royal treatment: how to stand out in Singapore’s banking sector

Jonathan Tanner, Senior Director, Industry Principal Financial Services & Insurance APJ, Pega

Financial digital apps evolve to “3.0” phase as customers’ seek one-stop-shop

Customers increasingly seek a single app that can meet all their financial–and even non-financial–needs. 

More Wealth, Higher Expectations: Why new frontier of wealth banking lies in the digital and the RM

As the role of the relationship manager evolves, banks must build the right digital platform in order to meet clients’ expectations.

Buy Now, Pay Later firms' credit losses on the rise

The largest BNPL providers have doubled their delinquency rates over the past few quarters.

APAC banks credit losses surge to $865m by 2023: S&P

Credit losses will surpass $400b for 2022 and 2023, respectively.

HSBC appoints Shayan Hazir as Chief Digital Officer for ASEAN

The former GLMC head has over 18 years of bank leadership experience under HSBC.