BOJ Gets New Policy Board Member in Junko Koeda
Japan’s lower house of parliament, on Friday, approved the government’s nominee for the Central Bank’s policy board. The government of Japan backed Junko Koeda for being the latest member of the policy board of BOJ. Koeda is an academic known popularly as a fiscal and monetary hawk. Koeda is a
AI in Banking: Reshaping Finance Services in Asia
Artificial Intelligence, or AI, came into existence in 1956 and has entered every industry to revolutionise it. AI probably affected Asia’s banking sector more than any other industry. The Asian Banking & Finance site shares that 80% of Asian banks currently use Gen AI. With the rise of AI in
10 Largest Banks in Asia By Value, Total Assets & Market Cap
The banking industry has a diverse, influential global presence, with top institutions holding trillions of dollars in asset valuations. As the ever-evolving finance landscape of the Asia-Pacific region, lenders often look out for trusted and recognised banks to keep their money secure and meet the expectations of diverse global market
What is Open Banking Strategy in Saudi Arabia?
As technology evolves to bring a paradigm shift to the finance landscape, artificial intelligence and machine learning will play a significant role in transforming operations. With the rise of technology and digitalisation in banking, Asian nations are coming up with integrated solutions like open banking in Saudi Arabia, an innovative
How Does Money Laundering Work? Your Answer Is Here
Today, when globalisation has reached its pinnacle, vast sums of money flow across borders. Most of the money that flows across borders is earned from legitimate sources. However, a big part of that money is illegitimate money acquired from foul practices and illegal businesses. The illegitimate money needs to be
