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Welcome to the August 2017 edition of the Asian Banking Monitor – a newsletter designed to give you a quick update on news and trends within the Asian banking market. We cover movements in all areas of the market – economics and regulatory, retail banking, priority and private banking, and technology. In the August edition, Thailand makes headlines with the Bank of Thailand introducing new controls on credit cards by limiting both the amount of credit available and number cards issued to the mass market customer to instil greater financial discipline. On the technology front Ant Financial of Alibaba signed a partnership agreement with the city government of Fuzhou to help facilitate a “cashless society” alliance via onboarding of tier 1 merchants and payment of transactions through Alipay. The focus of our insights piece examines the exciting introduction of Video Teller Machines in Singapore’s highly competitive market via leader

DBS that will certainly shake-up engagement with customers and add a new and exciting dimension to the overall banking experience. We will continue to track how this is likely to impact satisfaction and drive advocacy. Finally, in the priority banking space Singapore continues to consolidate its position as a key wealth management hub in the region as the U.K.’s St. James’s Place expands its footprint in the country. On the other end of the spectrum Australia’s CBA rationalized its presence in the Vietnam market through the sale of its Ho Chi Minh City branch to Vietnam International Bank. Kind regards,

Mobasher Zein Kazmi Editor/Research Director – Asia mkazmi@rfintelligence.com D +65 6597 7027 I M +65 9035 6307

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The Asian Banking Monitor - August 2017 Edition  

An RFi Group Publication

The Asian Banking Monitor - August 2017 Edition  

An RFi Group Publication