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, financial services firms must address the challenges of an evolving compliance landscape, technological disruption, and new sustainability requirements. Navigating complex and shifting regulatory environments across multiple countries can be resource-intensive and requires careful planning.

With rapid advancements in financial technology (fintech), financial services firms must innovate to stay relevant while managing risks like increased cybersecurity threats. Robust data management strategies are essential to protect sensitive information and maintain customer trust.

Financial services firms simultaneously face increasing pressure to integrate environmental, social, and governance (ESG) criteria, aligning sustainability frameworks with varying regional standards as regulators, investors, and clients demand greater transparency and sustainable finance solutions.

Additionally, financial crime prevention and anti-money laundering (AML) enforcement remain key priorities, with regulators across APAC adopting internationally accepted standards.

Financial inclusion challenges and economic uncertainty persist in many markets, requiring firms to develop targeted strategies to reach underserved customers effectively.

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 in the APAC region, supported by more than 3,000 professionals and 50 offices, we provide seamless, integrated solutions tailored to meet the evolving needs of our clients. Our APAC teams are supported by our globally integrated partnership, present in over 100 countries and with over 40,000 professionals. 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