What are some of the most innovative branch banks in Asia, and what innovations have they implemented? (2024)

FAQs

What is the most innovative bank? ›

Madrid, 1 September 2023. Santander has been named the Most Innovative Bank in the world by The Banker.

Global Finance Names The Safest Banks In Asia 2023

The top ten Safest Banks in Asia are unchanged again for the second straight year. Singaporean banks took the first three spots, with DBS at #1. South Korea landed three banks on the list and China hit with two.

In this year's The Asian Banker Strongest Banks By Balance Sheet evaluation, Bank of China (Hong Kong) retained strongest bank ranking in Asia Pacific despite the lowest score in five years. The bank excelled in the areas of scale, risk profile, asset quality and liquidity.

FNB also receives a top score (83%) for innovation and maintains its reputation for being innovative – a consistent narrative year after year – demonstrated by a successful design revamp of their mobile application. Nedbank and Discovery Bank are secondary leaders in the innovation space.

What are the key innovations in commercial banking? The innovations in commercial banking are neobanks for business, ESG financing, digital lending, embedded finance, and merchant acquiring & BNPL.

HSBC Innovation Banking specializes in supporting the most innovative businesses and their investors. Our Startup Banking, Venture & Growth, Corporate Finance, and Strategic Fund Solutions teams are here to help you navigate growth across all life stages.

Industry-leading innovation

We're investing significantly in artificial intelligence (AI), machine learning and business intelligence to better understand individual financial preferences and enable us to deliver personalized, client-specific insights, advice and resources at key moments.

Singapore, Hong Kong, Indonesia, India, China, Taiwan, Regional, 12 Oct 2023 - DBS Bank today announced that it has been named “Safest Bank in Asia” by New York-based trade publication Global Finance.

How many banks are there in Asia? ›

In this year's ranking, it features 443 banks from 22 countries and territories in the Asia-Pacific region, which collectively held $75 trillion in total assets, $40 trillion in net loans, $52 trillion in customer deposits, and generated a total net profit of $541 billion.

Singapore overtook Hong Kong to become Asia's top financial centre in 2022. The study by the China Development Institute in Shenzhen and the London think tank Z/Yen Partners covers 133 financial centres. Among the top 20 ranked centres, none moved up or down by more than four spots.

South Indian Bank has been honoured with the title of Best Technology Bank of the Year Award at the 19th IBA Annual Banking Technology Conference, Expo, & Citations. The bank's outstanding performance was recognised with a total of six prestigious awards.

The Institute for Works of Religion (IOR), commonly referred to as the Vatican Bank, is a privately held financial institution located inside Vatican City. Founded in 1942, the IOR's role is to safeguard and administer property intended for works of religion or charity.