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%.
The Japan Banking Innovation Conference 2025, held at The Westin Tokyo, convened over a hundred senior banking executives, fintech leaders, policymakers and technology pioneers to discuss the fundamental shifts redefining financial services.
As the global banking industry braces for a challenging 2025, it faces economic headwinds, geopolitical tensions, trade realignments, and the push for sustainability and technological innovation
The AWS Financial Services Symposium Singapore 2024 showcased how AI, data, and cloud technologies are revolutionising financial services. Industry leaders from AWS and HSBC shared insights into advancing innovation, regulatory responsibility…
On the eve of the Singapore Fintech Festival 2024, TAB Global and Temenos hosted an exclusive CXO networking reception at Swissotel, The Stamford. The gathering provided a relaxed setting for executives across the industry to connect and…
The Finance Philippines 2024: Leading Practitioner Roundtable on Technology Modernisation for Digital Banking and Lending Innovation explored the critical role of foundational technologies, financial inclusion, identity verification systems,…
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