News
CIMB Islamic to launch no annual fee credit card in October
CIMB Islamic to launch no annual fee credit card in October
CIMB Lite-i will have a profit rate of 14% per annum across all tiers.
Krungsri rolls out loan for SMEs' larger investments
They can get up to $4.47m with a special interest rate of 3.5% for the first two years.
Think tank urges Japan to ditch market neutrality to fight greenwashing
Japan’s central bank should establish a green collateral framework and revise its green investment directions, it said.
BSP unveils AI rules for Philippine banks and vendors
It aims to guide FIs developing their own AI governance and risk management frameworks.
Vietnam’s NCB launches VietQR Global for Asian tourist payments
It supports payments from China’s Alipay and UnionPay and four other markets.
Hyundai Card launches Alphabet Card as a standalone brand
It is a spin-off of its lifestyle credit card brand first launched in 2004.
JCB and Circle to test stablecoins for treasury and merchant payments
They will work on a proof of concept using the USDC.
Bank of Singapore expands CIO advisory council with PIMCO and KKR picks
The council is now composed of 11 members.
Trust Bank brings UK UCITS ETFs to Singapore investors
Commission is 0.05% (minimum US$4) per trade.
SeABank secures $50m OPEC Fund loan for MSMEs and climate financing
The bank will also use the funding for investments in energy efficiency, it said.
Schroders Wealth names Peter Flavel as Asia chair
Flavel was chief executive of Coutts and was CEO of J.P. Morgan Private Wealth in Asia.
Atome Philippines secures $81.1m loan from AUB to expand PayLater card
Customers use the card for groceries, food, household items, and bills, the company said.
South Korean SME lending slumps as bad loan write-offs slash June growth
Bank lending to large corporations rose slower in June, central bank data showed.
Mortgage demand lifts Korea’s household loans by $5.05b in June
Unsecured loans rose, whilst leasehold deposit loans declined.
ANZ customers spend $4.8b during FIFA World Cup on food and apparel
Spending rose for takeaway food, sporting apparel, bars, and hotels.
Hang Seng Bank launches Prestige Club
Members get privileges and discounts in Hainan Airlines, China Mobile, amongst others.
GoTyme surpasses 10 million users with retail ATM strategy
Customers can deposit and withdraw cash in 2,500 Robinsons retail stores in the Philippines.
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1. Singapore aced its FATF evaluation — now comes the hard part 2. Citi boosts North Asia & Japan corporate desk headcount by 25% 3. UOB Private Bank hires Dominique Boer as ASEAN regional market head 4. Japan banks turn to stablecoins to retain deposits 5. Can Asia’s banks make stablecoins work across borders?Resource Center
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Leading voices from the banking and insurance industries will meet at The Hyatt Regency to discuss wealth management, insurance investment, and the AI economy.
Commentary
From automation to agency: Asia’s wealth leaders can reinvent, not just streamline
Singapore aced its FATF evaluation — now comes the hard part
Are Asia’s digital banks prepared for the stablecoin era?
Why APAC is building home-currency stablecoins
Why Southeast Asian wealth managers must design the business before buying the technology
Why trust in Asian banking increasingly gets built off the record
Hong Kong cleared stablecoins for take-off. Getting them to work across Asia is the hard part
The financing challenge behind Asia’s wealth transfer