News
BNY names Ashvin Parkash as head of global markets trading for APAC
BNY names Ashvin Parkash as head of global markets trading for APAC
Parkash joins from Nomura and brings 25 years of industry experience to the role.
Japanese banks see loans and deposits rise in November
Foreign banks saw their total yen-denominated loans jump 25.2% YoY.
Vietnam’s Cake Digital Bank achieves profitability
Revenue per user is US$12 in 2024, and payment transactions are $4.7b.
HSBC appoints Annie Lim as GPB desk head for Singapore
Lim joins from Lombard Odier and spent 11 years with Credit Suisse.
Reserve Bank of India raises offline payment limits
The cap for transactions increased to $11.81 from $5.90.
Australia’s ANZ appoints HSBC wealth head as next CEO
Nuno Matos will receive $2.5m fixed remuneration per annum and will relocate to Melbourne.
HKMA fines CITIC HK$4m over anti-money laundering breaches
The bank failed to generate alerts for suspicious transactions between November 2015 and July 2018.
Banks to face trade tensions, tariff-linked policy shifts, and property woes in 2025
The still-high interest rates might push banks’ credit losses to increase by 7% in 2025.
IT leaders told to prioritise basic strategies to unlock AI potential: report
Around 70% of companies have implemented formal data strategies for their IT locations.
China, Philippine banks most impacted with rate cuts: Fitch
Their net interest margins are likely to decline until fiscal year 2026.
SCB’s Mae Manee app temporarily available on Dec 13-14
It will be down from December 13, 11PM to December 14, 5AM
Ant International joins SWIFT program exploring cross-border treasury mgmt
The program explores business scenarios on cross-border end-to-end transactions.
Bank of East Asia foresees ‘moderate’ economic growth in Hong Kong for 2025
Home prices are slated to recover by around 5% in 2025, BEA’s chief economist said.
Visa inks MOU with Vietnam's FPT to modernize public services
They aim to expand access to finance by equipping SMEs with business credit cards.
PH central bank completes proof-of-concept test for wholesale CBDC
Project Agila enabled banks to transfer funds during off-business hours.
CommBank walks back on account migration
Select accountholders would have been moved to a tier that has an A$3 withdrawal fee.
HKMA holds public consultation on proposed banking ordinance enhancements
It aims to align local regulations with international standards.
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1. Union Bank of Taiwan and Bank SinoPac enable JCB contactless payments 2. Vietnam banks leverage data, AI, and digital trust to capture customers 3. SMBC sells MANUBANK’s commercial banking unit to US’ Bank of Hope 4. Vietnam lenders shift to behavioural data to judge loan applicants 5. Governance and trust to drive Vietnam’s financial sector growthResource Center
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