The top 5 banking news stories in emerging markets this week.
1 – Korean banks seek new opportunities in Southeast Asia
Korean banks have been actively advancing into Southeast Asian countries, seeking new business opportunities in the blue ocean market. Amid toughening competition and regulation in some countries, however, experts advise that banks need consistency in their Southeast Asia strategy, based on a long term perspective. >>
2 – 20 years after the Asian Financial Crisis: What have we learned?
This month marks 20 years since the Asian Financial Crisis. It’s appropriate to consider at this juncture why the crisis happened, and what we have learned about how countries can safeguard their economies from future shocks and deliver sustainable and inclusive growth. >>
3 – Jack Ma’s shadow looms large for banks across Southeast Asia
Ant Financial has set up partnerships in Thailand, Indonesia and the Philippines to offer services like lending and money transfers. Together with Alibaba, it is also piecing together a digital payments business in heavily-banked Singapore. >>
4 – PH banks among most stable in Asia
The banking system in the Philippines is one of the most stable in Asia Pacific region, according to global debt watcher Moody’s Investor Service. >>
5 – South African Bank’s mobile app becomes Zero-Rated across all networks
South Africa’s First National Bank has taken the decision to make their mobile app zero-rated across all mobile networks in the country, following discussions with all of the major service providers. >>