News
Asia’s fintech transactions to reach $19t by 2025: UnaFinancial
Asia’s fintech transactions to reach $19t by 2025: UnaFinancial
Asian fintech transactions reached $16.8t in 2024, according to the report.
Nearly 90% of Singapore banks lose clients due to onboarding delays
Singaporean banks have been experiencing the highest client losses worldwide due to Know Your Customer (KYC) inefficiencies.
Philippine central bank expands programme for easier exchange of mutilated currency
The Piso Caravan aims to improve coin circulation.
Citi appoints Christie Chang as CEO for Taiwan
She succeeds Aftab Ahmed, who retires after 50 years with Citi.
BNP Paribas net income rises 4.1% to $12b in FY 2024
Revenues during the period saw $50.78b.
UBS net earnings dwindles to $5.1b in FY 2024, revenues up globally
Asia operations pencilled a profit before tax of $271m
SG, Indonesia FinTech startups funding decline in 2024
Singapore tech startups raised $2.1b whilst Indonesia funding declined by 75%.
Alipay overseas transactions spike 30% amidst new year festivities
Singapore registered the fastest growth of 56% YoY.
BSP, Royal Canadian Mint ink MoU on currency management
It outlined key areas of cooperation including technology exchange.
HSBC, Delta Capita collaborate on post-trade services
Delta Capita established operational hubs in Kuala Lumpur and Manila.
Euroclear Bank secures Singapore branch licence
It will operate under a wholesale banking licence.
Most MSMEs in Asia seek bank loans first, but success rate remains low at 57%
Amongst all funding options, microfinance institutions had the highest success rate.
Aozora Bank's Q3 profit soars 90.2% to ÂĄ90.2b
Thanks to the improvement in net interest income.
ICICI Bank’s net profit up by 14.8% YoY to $1.4b in Q3
Its domestic loan portfolio also grew by 15.1%.
BPI’s net income increases by 20% YoY to $1.06b
Revenue stood at $2.9b (PHP170.1b), up by 23%.
Thailand’s digital lending growth demands better credit risk models
New approaches to credit risk assessment are crucial for financial inclusion and innovation.
New Policy Pulse details efforts to achieve HK’s financial hub status
It provides an overview of the developments and achievements of HK’s financial services in recent years.
Commentary
How alternative data lending is reaching Southeast Asia's unscored MSMEs
Asia is leading payments modernisation and banks can't afford to fall behind
Investing in an inefficient market
Platinum cards, paper-thin compliance?