In an unfamiliar setting, a familiar problem for banks

By Taipan
23 May 2019

It was the best of times, it was the worst of times. It was the age of financial technology, it was the age of carrying your money around in a duffel bag. It was the epoch of cashless payment systems and disruption, it was the epoch of an old man riding an elephant over a mountain to the nearest bank branch.

Those who have experience of Asia’s varied financial systems have no doubt spent plenty of time being sold on the many wonders of financial technology. Ant Financial and Tencent are threatening to upend the financial infrastructure. Citi, DBS and other banks have made digital banking a key part ...

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