Members Only
This year's TAB Global Excellence in Retail Financial Services Awards 2026 reveals three forces reshaping retail banking
.png)
This year's TAB Global Excellence in Retail Financial Services Awards 2026 reveals three forces reshaping retail banking
Lin Yonghua, vice president and chief engineer at the Beijing Academy of Artificial Intelligence
The next phase of competition in banking will be shaped by who controls the infrastructure, not simply who adopts new technology fastest. We believe the latest regulatory developments show that artificial intelligence, digital money and shared financial networks are moving beyond experimentation into questions of institutional responsibility. Banks are gaining new ways to serve customers, but they are also becoming more dependent on technology and infrastructure they do not fully control. The strategic challenge is to innovate without losing command of the risks.
This month’s briefing deck examines how rising AI costs, compute choices and vendor concentration are reshaping banks’ model sourcing, resilience and build-versus-buy decisions.
We think the past week undercuts the assumption that stablecoins are on an inevitable path to disintermediate banks. The Federal Reserve proposed bank-friendly stablecoin rules. Canada's Big Six banks agreed to build shared tokenised-deposit infrastructure together, and Deutsche Bank moved to custody the coins it once dismissed. Incumbents are racing to make regulated money the default rail. That perimeter is not closing everywhere, though. Bangladesh handed a telecoms group a full banking licence this week, and Kenya moved to force banks to open their customer data.
The institutions setting the terms for tokenised and artificial-intelligence-native finance this week were not the challengers. They were the incumbents and their regulators, each moving on a timetable of its own choosing rather than the market's. A central bank launched settlement infrastructure it built itself. Two American regulators said they would write crypto rules without Congress. A neobank opened a stablecoin-linked US account before its banking charter had cleared. None of this waited for consensus, and banks that are still waiting for one are already behind.
Banner.png)
We think this week shows that banking's fastest-growing frontier is now regulatory access, not invention. Crypto-native start-ups and global consumer banks alike are being handed the same full charters, licences and central bank rails that incumbents spent a century building, while the underlying technology itself is not new. What has changed is that supervisors are now willing to stamp it, and banks that treated tokenisation and stablecoins as someone else's experiment are discovering the licensing queue has a limit.
The 2026 Largest and Strongest Islamic Banks rankings show that scale provides a clear advantage, but banks that translate growth into sustainable earnings, operating efficiency and resilience are making that advantage count.
The world’s 1,000 largest banks expanded to $180.7 trillion in assets in FY2025, but cross-tabulation shows that better asset quality is most consistently associated with scale, while greater size does not correspond consistently with faster growth, higher returns or better efficiency.
Scale is strongly associated with financial strength, but the TAB Global 1000 World’s Strongest Banks 2026 ranking shows that size is only part of the picture. Some smaller institutions substantially outperform their positions by assets, while exceptional profit growth and increasingly large regulatory liquidity buffers do not necessarily correspond with greater overall strength.
Digital banks serve customers far more cheaply than incumbents, but most generate less revenue for every dollar spent on servicing. Nubank and WeBank stand out, generating 4.1x and 3.8x their servicing cost in revenue respectively, outperforming leading incumbents. Most other digital banks fall short of incumbent benchmarks, showing that lower cost-to-serve alone does not guarantee stronger economics.
The key difference between banks that scale AI and those building isolated use cases is not access to the technology, but the ability to deploy it repeatedly on shared platforms with governance built in.
Hong Kong’s leading banks accelerated median pre-tax profit growth to 16.3% year on year (YOY) in the first half of 2026 (1H2026). HSBC Hong Kong (including Hang Seng Bank) continued to lead the large-scale bank segment in earnings scale and returns, while DBS Hong Kong and CMB Wing Lung Bank delivered stronger growth momentum and profitability among mid-sized banks. Across the sector, growth was increasingly supported by fee-based businesses, wealth management, cross-border activity and digitally-enabled customer engagement, which emerged as key drivers of revenue expansion.
.png)
Hands-on workshop – architecture, prompt engineering, tool integration, and production deployment
The Future Bank Council convenes a RadioFinance session focusing on Real-time defence against synthetic identities and AI-enabled impersonation.
The Future Bank Council convenes a RadioFinance session focusing on Delivering AI-driven business value through core banking modernisation.
The Future Bank Council (FBC) convenes a RadioFinance session focusing on From digital asset pilots to bank revenue.
The Future Bank Council (FBC) convenes a RadioFinance session focusing on When AI changes the cyber risk equation
.png)
The Future Bank Council (FBC) convenes a briefing session on how AI agents are being deployed across financial institutions and their ecosystem partners.
No data found.
| Rank | Bank | Country |
|---|---|---|
| 25 | RBC | Canada |
| 20 | China Merchants Bank | China |
| 5 | JPMorgan Chase | USA |
| 61 | Commerzbank | Germany |
| 43 | ANZ | Australia |
| View Full Top 100 Index | ||
| Rank | Bank | Country |
|---|---|---|
| 1 | ICBC | China |
| 2 | ABC | China |
| 3 | CCB | China |
| 4 | BOC | China |
| 5 | JPMorgan Chase | USA |
| View Full Top 100 Index | ||
| Rank | Bank | Country |
|---|---|---|
| 1 | Nubank | Brazil |
| 2 | WeBank | China |
| 3 | MYBank | China |
| 4 | KakaoBank | South Korea |
| 5 | K-Bank | South Korea |
| View Full Top 100 Index | ||
| Rank | Bank | Country |
|---|---|---|
| 1 | Alipay | Global |
| 2 | Revolut | Global |
| 3 | Global | |
| 4 | Apple Pay | Global |
| 5 | Mercado Pago | Latin America |
| View Full Top 100 Index | ||
© Copyright , TABInsights. All Rights Reserved
Mai Kaneko leads international business and marketing at DeCurret DCP, a Japanese fintech firm operating a multi-bank network for tokenized deposit under the DCJPY framework. She oversees international expansion initiatives, bank-fintech partnerships and global go-to-market strategy. She holds a Master’s in International Relations from Georgetown University and a Bachelor’s in Economics from University of Tokyo.
Kinoshita has been involved in product development projects across a wide range of industries in Japan, including e-commerce, retail, banking, insurance, and manufacturing. He joined DeCurret DCP in 2024, where he has been engaged in the development of digital currency infrastructure. In addition to building the underlying infrastructure, he supports digital transformation (DX) initiatives associated with the adoption of digital currency solutions across various industries, and promotes projects aimed at enabling cross-border transactions.
Jason Hunt works within ANZ's Industry & Innovation function, engaging with industry challenges, trends and disruptive technologies across payments, digital assets, platforms and data-driven solutions. ANZ was a participant in Project Acacia, the joint Reserve Bank of Australia (RBA) and Digital Finance Cooperative Research Centre (DFCRC) initiative exploring digital money in wholesale tokenised asset markets, which concluded with its final report in May 2026. ANZ has also previously issued its own Australian dollar-denominated stablecoin, A$DC, to settle a real-money digital asset transaction.
Zhu Kuang Lee leads UOB's Innovation Group, formed in April 2025 to consolidate the bank's work across digital assets, data management, blockchain and enterprise artificial intelligence. He represents UOB in regional digital money and tokenisation initiatives, including collaboration with the Monetary Authority of Singapore (MAS), and has described the bank's approach as embedding compliance into system design from the outset rather than adding it later.
Abhinav is currently based in Singapore and leads Client solutions and Sales for Partior. In this capacity, he oversees clients' journeys including commercial and central banks, from defining use cases to product integration. Before taking on this role, Abhinav gained extensive experience working with both global and local banks. He spearheaded transformative initiatives in Payments and Core Banking, requiring him to coordinate efforts across business units, technology teams, and regulatory bodies. Abhinav played a pivotal role in implementing Faster Payments projects throughout Asia, including notable projects like Singapore G3 Fast, Malaysia Duit Now, and Hong Kong FPS. Prior to his tenure in the banking sector, Abhinav served as a Payments Financial Services consultant to various banks and payment fintech companies such as ANZ, Deutsche Bank, and Bank of America. Originally from India, Abhinav holds an Engineering degree and a Postgraduate qualification in Machine Learning and Artificial Intelligence. He is also a dedicated father of two, and he enjoys spending his weekends playing tennis and cherishing moments with his family.
Sakae Hamasaki joined Sanwa Bank (currently MUFG Bank) in April 1993 and worked in corporate banking across five domestic locations. From 2006 onward, he gained extensive experience in the planning, development, and sales of payment-related services for corporate clients in Japan and overseas. He joined DeCurret DCP in 2022, where he has been leading initiatives to support banks in evaluating the adoption of tokenized deposits, as well as collaborating with overseas partners to build cross-border networks utilizing tokenized deposits.
Anouska Ladds is Executive Vice President of Commercial & New Payment Flows, Asia Pacific at Mastercard, based in Singapore. With over 17 years at Mastercard, she has held senior roles across sales, strategy, operations, market development, consultancy, and product development, spanning Asia Pacific, Europe, the Middle East, and Africa. Previously at Barclaycard, she specialised in strategy, customer experience, communications, and SME/acquiring businesses.
David is a seasoned technology executive with significant experience and has over 25 years' experience in CISO and CIO roles across different industries and countries. David has served as a CIO spans across multiple industries and geographies. He was winner Australia CIO of the Year for driving CUA's Transformation. Also, David was CISO for HSBC and Global Head Technology, Cyber and Data Risk Macquarie Group.
A regular conference keynote speaker and thought leader he writes for CIO, CSO, Computerworld and Australian Institute of Company Directors (AICD). His best-selling book - the Aspiring CIO & CISO was published in June 2024 and his second book A Day in the Life of a CISO launched in October 2025 and is already best seller in UK, Singapore, Japan and Australia.
Johnson is a seasoned executive and data and AI leader with over 15 years of experience across the public and private sectors. He is currently Assistant Chief Executive at IMDA, where he helps shape Singapore’s digital future and advance the digital economy. He has held senior data and AI roles in regional banking and global consulting, and began his career in defence and critical infrastructure.
A distinguished leader who has spent over two decades shaping the future of technology and digital finance. Barani Sundaram has held senior leadership positions across Dubai, Singapore, Malaysia, India, and Vietnam, building an impressive track record of delivering large-scale technology transformations across diverse and dynamic markets. As Chief Technology Officer of EastWest Bank in the Philippines, Barani has been instrumental in modernizing the bank's core technology infrastructure, elevating its cybersecurity posture, and championing the adoption of Artificial Intelligence and machine learning. Under his leadership, EastWest Bank has harnessed AI to enhance customer experiences, strengthen fraud detection, and enable data-driven decision-making — while ensuring the highest standards of cyber resilience and regulatory compliance. His strategic vision, technical expertise, and ability to navigate complex challenges have earned him recognition as a pivotal force in shaping intelligent and secure digital banking in the Philippines.
Daniele Tonella is Chief Technology Officer (CTO) and member of the Management Board Banking since August 2024. Daniele is responsible for overseeing and managing the total IT landscape and advising on technology-driven business opportunities. Daniele is a member of the Tech Advisory Board of The Hg Foundation. He holds an engineering MSc from the Swiss Federal Institute of Technology in Zurich (ETHZ) and completed various executive education programmes at Harvard, IMD, INSEAD and MIT Sloan.
Virag Masuraha is a seasoned executive with over 25 years of experience leading Fraud, Financial Crime, and Risk functions for top U.S. financial institutions. He is widely recognized for driving strategic initiatives that reduce costs, enhance profitability, and enable sustainable growth, while successfully managing complex regulatory engagements.
Currently, Virag serves as Managing Director of US AML Financial Crime Modeling at Bank of America. Prior to this role, he held leadership positions at Citi and PNC, where he spearheaded global fraud and anti-money laundering (AML) analytics and modeling functions.
With deep expertise in financial crime and fraud data, analytics, and modeling, Virag has led enterprise-wide strategies in advanced analytics—including big data, AI/ML, entity linkages, network analysis, and machine learning—alongside cyber and digital fraud prevention across consumer and commercial portfolios.
Virag holds an MBA from the Kellogg School of Management and a Master’s in Engineering from Vanderbilt University.
Jackson Oh is the Chief Technology Officer at ANEXT Bank, where he leads the bank’s technology strategy, architecture, and engineering execution as ANEXT scales its digital banking platform for local SMEs and foreign business owners in Singapore.
With close to two decades of experience across banking, fintech, and enterprise technology, Jackson brings a rare blend of deep financial services expertise and hands-on product and platform leadership. Prior to ANEXT Bank, he served as Chief Product Officer at Tribe Fintech and held senior technology and product leadership roles at 360F, SunGard (now part of FIS), AirWatch by VMware, Samsung Electronics, and Bank of America.
Jackson has led large-scale, cloud-native platforms across corporate banking, payments, capital markets, and SaaS environments. He is passionate about building resilient, scalable financial infrastructure, and enabling innovation while meeting the realities of regulatory and operational complexity.
Google 
LinkedIn
