, Singapore

Weekly Global News Wrap Up: Eastern European bank M&A activity heats up; Scotiabank exits nine countries

And a Fed official has raised concern about US mobile payments.

From Bloomberg: Governments in parts of eastern Europe, where growth is outpacing the euro area, are loosening their grip on state-held assets. Serbia and Slovenia are the latest to offer stakes in their banks, opening up a potential battlefield as OTP Bank Nyrt. of Hungary, Vienna-based Raiffeisen Bank International AG and Erste Group Bank AG and financial investors seek to widen their footprint in the region.

Partly as a result of pressure from the European Union and the International Monetary Fund, euro-area Slovenia is offering two banks that together account for almost a third of the market and Serbia is selling a lender that controls about 11 percent of the banking industry.

"The former Yugoslav republics provide a kind of coming of age story and that makes public investments more reliable,” said Matthias Siller, a fund manager at Barings in London with $310 billion in assets under management.

From CNBC: Bank of Nova Scotia reported fourth-quarter earnings which were marginally below expectations and said it planned to exit nine countries in the Caribbean as part of a shake-up of that business.

Scotiabank said it planned to sell its banking operations in Anguilla, Antigua, Dominica, Grenada, Guyana, St Kitts & Nevis, St Lucia, St Maarten, St Vincent & the Grenadines to Republic Financial Holdings.

The bank, is also selling its insurance operations in Jamaica and Trinidad & Tobago to Sagicor Financial Corporation, with whom it will partner to sell insurance products in those countries.

From CNBC: Mobile payment services such as Apple Pay could run into reimbursement problems in some instances, and fintech firms in general must be more sensitive to risks, Federal Reserve Bank of Atlanta President Raphael Bostic said. "With all these innovations, consumers have no idea what risks they are exposed to," Bostic said.

Bagaimana perkembangan perubahan fokus manajemen kekayaan bank?

Seorang analis mengatakan, "Ada hingga $25 miliar dalam biaya yang bisa didapat di Asia, tetapi ini pasar yang sulit.

Aplikasi blu oleh Group BCA memperluas ekosistem digital melalui BaaS

Strategi tersebut telah berhasil meningkatkan transaksi dan membangun kepercayaan nasabah sebesar 53,4% sepanjang 2023.

Christine Ip dari UOB merenungkan karir perbankan tiga dekadenya dan kembali ke dunia seni

Dia percaya bahwa keuangan dan kreativitas saling berkaitan dalam membangun kolaborasi talenta yang holistik di UOB.

Shally Koh dari Citi berbicara tentang bagaimana mendorong perbankan yang lebih beragam

Bank tersebut memperkenalkan program keterlibatan pria dan dukungan ibu sebagai bagian dari upayanya untuk kesetaraan gender.

Maisie Chong dari StanChart berbicara tentang tidak pernah menolak peluang dan melangkah maju

Chong berbagi tentang menemukan kepuasan dan pemenuhan diri melalui perjalanan kerja.

Mayda Lim dari OCBC dalam membangun pipeline talenta di bidang teknologi dan perbankan

Lim menggabungkan kebutuhan untuk mendukung bankir perempuan dengan kekurangan talenta dalam industri tersebut.

Aturan baru batasan harga mendorong lebih banyak penggabungan P2P di Indonesia

Regulasi ini akan meningkatkan biaya kepatuhan, namun batasan harga akan membuat sulit untuk mengimbanginya.

Deputi Gubernur: Pembiayaan Islam di Indonesia akan berkembang sebesar 10% -12% pada 2024

Ekonomi dan keuangan syariah Indonesia mempertahankan pertumbuhan positif pada 2023.

Bagaimana HomePay memerangi penipuan renovasi di Singapura

Uang ditempatkan dalam rekening escrow dan disalurkan saat pencapaian tahap-tahap tertentu.