Regulators in many APAC economies have begun setting the rules and issuing licences for digital banks, but the COVID-19 pandemic has affected some of these plans and initiatives.
As cases of COVID-19 accelerate outside of China, affected countries have enacted relief policies with an estimated worth of $3 trillion to cushion the downside impact of the pandemic.
The Singapore banking industry has persevered through challenges in 2019 such as global growth coming under pressure due to geopolitical and trade tensions, but the COVID-19 outbreak will be a greater test to the country’s financial sector stability.
Guo Shaoquan, chairman of Bank of Qingdao, speaks about the importance of corporate governance in banks, the local economy and development in rural areas in Shandong, China.
With the reprieve on know your customer regulations on certain segments, banks and new challengers are rapidly integrating eKYC into their processes to offer customers an improved onboarding journey
The following sections outline our proprietary methodology, which subscribers can use as a guide to understand the various research notes and analysis.