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Almost two-fifths (38%) cited cybersecurity as the biggest risk.

Robust profitability and high capital retention keeps the sector well-capitalised.

The economy has grown dependent on non-bank lenders.

Asset quality remains stable.

Indian and smaller Chinese companies are amongst the most vulnerable.

Credit pressure variations affect small banks, distressed asset management and leasing firms.

Any revenue expansion will be offset by increases in credit costs.

Local funding remains constrained as providers pull back amidst a slowing economy.

These assets now only account for 62% of the nominal GDP from 68% in 2018.

Fintech companies will stay focused on money transfers and other simple transaction services.

The global smart card market will surpass $65b by 2025.

Capital ratios of major banks rose ahead of higher capital requirements by 1 January.

Rising credit provisions amidst falling interest rates will add pressure to banks’ profits.

According to Standard Chartered, cash and cheques still reign supreme although evolving customer expectations are prompting incumbents to rethink of more efficient ways to handle transactions.

In APAC, only Singapore and Indian cities made it into the global top ten.

High unemployment and a subued manufacturing sector will drive rate cuts.