Last week, our coverage included The Banker’s April cover story on the surging fintech sector in Asia, an interview with Kuwait’s central bank governor on what is next for the country’s banking sector, and Colombia’s minister of finance told us about the challenges his country is facing.
We shared comment pieces from experts in law (operational resilience), banking (the ‘point of non-viability’) and academia (environmental, social and governance [ESG] ratings) to help shape your understanding of the finer technical points underpinning the sector.
And we continued our current events coverage with The Banker Midweek podcast, The Banker Board, and Fintech Fortnightly to help you stay up to date with the latest events.
Globe at a glance
- Cover story: Asian fintechs surge under investor focus — Kimberley Long | Click here to read
Evolution in the fintech sector has spawned a new generation of companies, cutting across sectors and jurisdictions. Asia has spawned the evolution of superapps — those that go beyond providing one simple service, such as payments, to opening up a full ecosystem to consumers that keeps them within the boundaries of the app to conduct a variety of services.
- Kuwait’s central bank crafts sustainable development strategy — John Everington | Click here to read
- José Antonio Ocampo, minister of finance, Colombia — View from IDB 2023
Trending topics
- An operational resilience enforcement threat looms — Bradley Rice, Adam Jamieson and Nisha Sanghani | Click here to read
“The focus on operational resilience is a G7 commitment. It is therefore fair to say that the problem is a global one. In the EU, the Digital Operational Resilience Act solves an important problem in that EU financial regulation has previously not kept up with the pace of technological advancement and the new categories of information communications technology risk and cyber risk that this brings.”
- The failures of the bank resolution framework — Tim Skeet | Click here to read
- ESG ratings are still our best option — Florian Berg, Jason Jay, Julian Kölbel and Roberto Rigobon | Click here to read
Digitalisation
- Standard Chartered joins lending digitalisation trend — Bill Lumley | Click here to read
Liam Gulliver, senior software engineering manager at MMT, says the risks associated with online loans can be mitigated by use of best practices such as using data encryption keys and scanning cloud storage for malware.
And, he insists, “[digitalisation] is now a necessity rather than nice to have, and even traditionally offline companies must [digitalise] their services to remain relevant in today’s digital-first markets”.
- Is blockchain on the cusp of a breakthrough? — Joy Macknight | Click here to read
- DLT pilots still in favour for global digital finance — Sarah Kocianski | Click here to read
- Digital transformation and future tech in financial services:
Stay current
- Fintech Fortnightly – April 5, 2023 — Liz Lumley | Click here to read
This fortnight, Railsr gets a new management team, Bloomberg enters the AI race, Scotland and CBDCs continue to flourish and banks forge a number of partnerships, and one acquisition, with fintech companies.
- The Banker Board – April 6, 2023 — Simon Duffy | Click here to read
- The Banker Midweek | April 5, 2023:
