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UAE Central Bank imposes over AED370 million in fines on banks, exchange firms, and insurers

Abu Dhabi: The Central Bank of the UAE has imposed more than AED370.3 million (USD101 million) in fines since the start of 2025 against banks, money exchange houses, insurers, and…

Captivating view of Dubai's skyline at dusk with vibrant city lights and skyscrapers.

ING Americas expands its transaction services team

NEW YORK, Aug. 6, 2025 /PRNewswire/ — ING Americas announced the expansion of its Transaction Services business in the region, including key leadership appointments, to assist clients in navigating the…

Deutsche Bank posts 39% rise in first-quarter profit, but tariffs weigh

FRANKFURT, April 29 (Reuters) – Deutsche Bank on Tuesday posted a 39% rise in first-quarter profit after its global investment banking division generated a big increase in revenue in bond…

HSBC launches new wealth centre in Singapore

HSBC Singapore’s newest integrated Wealth Centre at The Star Vista, has opened its doors to serve the bank’s customers in western Singapore. Tailored to provide bespoke advisory services in the…

HSBC opens new wealth centre in Singapore

Standard Chartered Eyes Morocco Entry After Access Bank’s Move

Standard Chartered Plc, the London-based global lender focused on wealth management and cross-border transactions, is pursuing strategic expansion in Africa’s key markets. Doha – Standard Chartered Plc is weighing a…

China’s banking, insurance sectors to help foster tech innovation

China’s banking and insurance sectors are poised to accelerate the development of financial service systems that are well-aligned with the needs of fostering technological innovation over the next five years,…

A vibrant skyline of Shanghai's modern skyscrapers reflected in the water during dusk.

DBS’ new CEO Tan open to ‘bolt-on’ acquisitions

SINGAPORE, March 24 (Reuters) – DBS Group’s incoming CEO Tan Su Shan is open to “bolt-on” acquisitions, and will focus on boosting the Singaporean lender’s high-return businesses such as wealth…

Security Bank targeting boost in MSME lending

SECURITY Bank Corp. plans to increase its lending to micro, small and medium enterprises (MSMEs) in 2025 and is positioning itself as a key player in the segment. Following robust…

HSBC announces structure overhaul, appoints new group CFO

Global banking heavyweight HSBC announced intentions to simplify its organisational structure into four businesses citing “strategic priorities”. As part of the changes, from 1 January 2025, the group will operate…

Fiserv teams with Canadian company on open banking

Fiserv has entered a partnership with open banking and payments software company Zūm Rails to bring open banking and instant payments to Zūm Rails’ U.S. business customers, the fintech startup…

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            The world’s preeminent Private Banks and Wealth Managers are demonstrating a committed drive in innovation, advisory, new products and services to meet the sophisticated needs of their clients.

            COVID-19
            Amid economic activity revival on the back of the Covid-19 vaccine program, organisations moving from business continuity plans to stable working environments, together with the slightest improvement in unemployment numbers, forced the world to adjust to new realities. Coming to terms with the “new normal”, global investors are now on the look-out for attractive and stable investment opportunities.

            Needs of Private Wealth customers and families worldwide have drastically changed due to the pandemic and banks have had to accelerate efforts to deploy a multi-channel service strategy and safeguard clients’ businesses and wealth against negative impacts of economic uncertainly.

            The Global Private Banking Innovation Awards will recognise the world’s best private banks, wealth managers and asset managers that are championing innovation across advisory, service, products, customer experience and more.

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