News
Boost Bank targets micro SMEs amidst regulatory, inclusion pressure
Boost Bank targets micro SMEs amidst regulatory, inclusion pressure
The digital bank builds on ecosystem strengths to serve high-risk businesses.
Westpac to open three new banking service centres
They will provide face-to-face support for retail and business customers.
Visa, USSC Money Services enable Visa Direct for cross-border B2B payments
Visa Direct facilitates transfer of funds to eligible cards, bank accounts, and wallets.
Vietnam records 3.93% credit growth in Q1
Lending interest rates decreased 0.4% compared to end-2024, the SBV said.
Malaysia and Thailand to strengthen joint efforts in cybersecurity
They aim to enable more effective information sharing and capacity building.
Hong Kong rolls out new measures against fraud and mule accounts
The central bank will roll-out an updated platform for banks to exchange information.
Money transfer firm Wise hiring hundreds of roles in Hyderabad
It will launch a new hub in the city in the second half of 2025.
JCB expands payment acceptance to Apple services of 7 Asian markets
Cardholders can now pay for their Apple purchases in these seven markets.
Aleta Planet unveils digital payment app for Muslim merchants
It offers no transaction fees for 24 months and cashbacks for merchants.
Instapay and Mastercard enable near-real time remittance to 6 Asian countries
It will enable 3 million migrant workers in Malaysia to remit funds in local currencies.
Global Top 25 banks market cap up 20.1% to $4.7t; China Big 4, DBS rise
HSBC also recorded a double digit increase in its market cap.
HSBC Singapore launches premium credit card for wealthy clients
It offers perks such as access to private clubs and members-only lounges in APAC, Europe, and the US.
7 in 10 Hong Kongers pick digital banks for crypto trading on convenience, regulatory concerns
They like the convenience of being able to trade directly using an existing digital bank app.
OCBC-backed working group unveils coal financing transition guidelines
It introduces best principles into the financing phase out of coal-fired power plants.
BofA’s AI virtual assistant Erica halves IT service desk calls
It plans to incorporate gen AI in Erica for coding assistance and report synthesis.
India’s Axis Bank unveils in-app mobile OTP feature
Instead of text messages, clients can get their OTPs via their app.
Aussie business-loan provider Bizcap officially launches Singapore operations
Bizcap will provide loans to small and medium enterprises of between $5,000 to $500,000.
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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. Japan megabanks post strong Q1 as MUFG capital buffer thinsResource 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