News

BEA and Anchorpoint Financial explore HKD stablecoin payments

BEA and Anchorpoint Financial explore HKD stablecoin payments

They will test commercial applications for regulated tokenised money in Hong Kong.
2 days ago

MUFG joins 21 banks globally to form stablecoin company

It will initially focus on a USD-denominated stablecoin offering.
2 days ago

Philippine banks trade transfer fees for customer loyalty

Lower transfer costs could accelerate digital payments, but banks must turn higher usage into deposits, lending, and broader product adoption.
3 days ago

Citi boosts North Asia & Japan corporate desk headcount by 25%

It is also expanding its dedicated China desk network to Brazil and Europe.
3 days ago

Banks rethink legacy IT costs to fund AI

Banks are rethinking legacy technology spending and vendor strategies to free capital for AI whilst keeping operations resilient.
3 days ago

Crédit Agricole CIB appoints Nicolas Vix as APAC senior regional officer

Vix has been with the bank since 1988 and was named senior country officer for China in 2019.
3 days ago

Maybank profit meets estimates as NOII swings 165% in Q2 recovery

NOII contracted 15% in H1 but recovered 165% in Q2 compared to Q1.
3 days ago

UOB Private Bank hires Dominique Boer as ASEAN regional market head

Boer is tasked with leading the growth and strategic development of the ASEAN franchise.
3 days ago

Singapore and Indonesia to launch Rupiah-SGD settlement framework

DBS, OCBC and UOB are Singapore's appointed dealers under the framework, which follows a 2022 MOU.
3 days ago

Singapore commits $173m to deepen fintech innovation

The three-year programme will support frontier tech, and financial infrastructure.
3 days ago

CIMB profit dips 0.19% to $955.42m in H1

CIMB expects net interest margin pressures are expected to progressively ease.
3 days ago

Hang Seng Bank tests ‘AI vs AI’ controls in HKMA GenAI Sandbox++

The bank has pilots for retail banking and commercial banking.

DBS and Stripe partner to capture Asian cross border payments

Stripe will leverage DBS’ digital banking capabilities and DBS will explore the use of the Striple platform.

SCB announces service disruptions on two September weekends

Both phases of the system maintenance will take place between 11PM and 5AM.

EastWest proposes $145.72m stock rights offering

The Philippine bank plans to scale up its wealth and priority banking propositions.

UOB and HSBC complete live HKD transactions on Swift ledger

UOB is preparing to execute SGD and USD transactions next.