Financial services in Asia Pacific

The financial services sector in the Asia-Pacific (APAC) region is evolving rapidly, presenting firms with both opportunities and challenges. To thrive, financial institutions must navigate complex regulatory environments, technological disruptions, and sustainability requirements unique to this diverse region.

Key regional challenges and considerations

To be competitive in the APAC region, firms must address the challenges of an evolving compliance landscape, continued technological disruption and new sustainability requirements. Navigating a complex and constantly shifting regulatory environment across different countries can be resource-intensive. While the growing pressure to meet environmental, social, and governance (ESG) criteria requires firms to increasingly balance profitability with sustainability goals.

With the rapid advancement of financial technology (fintech) presenting opportunities and challenges, financial firms must innovate to stay competitive, while at the same time managing associated risks. Increasing digitisation has made cybersecurity threats more prevalent. Data management strategies that protect sensitive information and maintain customer trust are vital.

At both a social and macro level, significant gaps in financial inclusion and economic uncertainty in the region remain. Reaching underserved customer and providing accessible financial services across the APAC region requires in-depth local knowledge. While the impact of inflation, geopolitical tensions, and economic slowdowns on profitability and growth ambitions demands precise strategic planning.

How Forvis Mazars can help

At Forvis Mazars, our financial services team understands regional complexities and can harness its global reach and experience to help you build a prosperous future in an increasingly competitive market.  With a presence in over 15 countries and territories, supported by more than 3,000 professionals and 40 offices, we provide seamless, integrated solutions tailored to meet the evolving needs of our clients. Working collaboratively with investors and regulators ensures we offer solutions which are the right fit for you and create value for society. 

Our APAC services include: 

• Statutory and contractual audits
• Outsourcing/co-sourcing: internal audit, compliance, payroll, and accounts preparation
• Regulatory advisory and compliance
• Licensing and application support
• Risk management and scenario planning
• Finance, operational effectiveness, and reporting (financial and non-financial)
• Sustainability advisory and ESG reporting
• Digital transformation and information management
• Data analytics
• Tax services
• Staff augmentation support