Asia-Pacific is experiencing the most rapid growth of wealth in history, due to the economic expansion of China and emerging Asia.Currently in the Asia Pacific, total household wealth grew by 3%, or $3,346 billion, since mid-2017, to $114,561 billion. Furthermore, wealth in the region is expected to grow at 5.9% per year to reach $153 trillion in 2023, with the number of millionaires expected to increase by 7.6% annually to reach 15 million in 2023. The ultra-high net-worth segment in the same period is expected to grow by 8% annually, with contributing 46%.
In this RadioFinance session, we will discuss the 2023 outlook for the banking industry of the Asia Pacific region, the dominant trends and challenges to watch, and the direct effect of inflationary pressures on the different markets in…
In this RadioFinance session, we will discuss how banks and FIs are redefining business models to be more inclusive, innovative, and resilient to volatile market conditions for SMEs. It will also highlight the challenges and opportunities…
In this RadioFinance session, we will discuss how deploying distributed cloud technologies at the edge of the network is redefining data agility for real-time insights. It will also highlight challenges and opportunities of utilising edge…
Senior executives and industry experts from some of the leading financial institutions, fintech players and technology providers in Asia shared their insights on the next phase of digitising MSMEs in the evolving internet economy and discussed…
Senior executives and heads of digital banks across Asia Pacific discussed how open banking frameworks and secured APIs can scale up financial services offerings. The dialogue also highlighted challenges and opportunities of utilising cloud-based…
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