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SMFG reports $4.86b profit for H1 FY2024
SMFG reports $4.86b profit for H1 FY2024
Earnings per share (diluted) is JPY184.72 for the period.
Tokenisation enhances security by limiting credit card use
Cloud-based payments optimise resources during peak demand.
Cross-Border transactions complicate AML compliance for businesses
AI tools used to streamline AML processes and reduce false positives.
Morgan Stanley opens Southeast Asia headquarters in Singapore
It spans 107,000 sq ft across five floors.
AI drives 1500% growth in deepfake fraud across APAC
Sumsub integrates AI tools to combat deepfake threats and fraud networks.
Fraudsters use digital injections to bypass camera verifications
Deepfake software could create loopholes in identity systems.
SGQR+ simplifies payments with unified contract for merchants
It streamlines payment processes and improves reconciliation.
Hong Leong Bank blends digital innovation with human touch
Digital-first transformation used to meet modern customer demands.
Australia targets scams lifecycle with new prevention framework
The framework imposes obligations across digital platforms, banks, and telecoms.
OCBC taps Citi alt chief executive to lead Hong Kong consumer and wealth businesses
Josephine Lee had served as wealth head for retail banking in Citi Hong Kong.
Mongolian banks to benefit from government’s improve support capacity
Eight banks retained their stable outlooks, according to Moody’s Ratings.
Six Bangladeshi banks grapple with higher NPLs and gov’t risks
Three banks will see more BNPLs; two banks face deteriorating asset quality.
Southeast Asia’s BNPL market to reach $53.2b by 2027
Malaysia, the Philippines, and Indonesia are the most promising markets.\
Atome Financial clinches $200m facility for SEA expansion plans
The digital payments platform reported that it turned EBITDA positive in Q1.
Norinchukin Bank reports JPY893.9b in losses for H1 FY2024
Its capital ratios have increased.
Crypto exchange OKX unveils zero-fee SGD deposits and withdrawals
The deposits and withdrawals will be facilitated by local bank DBS.
India’s deposits surpass loan growth in Oct-Nov 2024
Higher term rates helped push up deposits, according to CareEdge.
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1. ASIC scam takedowns jump 90% as Australians’ losses hit $2.18b 2. MUFG breaks ground on new HQ with 2030 target completion 3. Japanese banks bet billions on Indian finance, tech growth 4. Philippines cash holds 42% of POS payments despite e-wallet rise 5. What will drive South Korea’s digital banking to rise 9.7% through 2030?Resource Center
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