News
DBS CEO Piyush Gupta earned $17.58m in 2024
DBS CEO Piyush Gupta earned $17.58m in 2024
About $9.35m of this is a deferred award, of which 17.1% will be in cash.
Razorpay rolls out payments platform to Singapore
It offers AI agents and a magic check-out service.
Australia’s G&C, Unity Bank officially merge
G&C will maintain a strong capital position but faces integration risks, S&P said.
Hong Kong’s uFinance offers student loans to college students
They can borrow up to $21,050 per semester, at an interest rate of 6%.
Philippine bank lending rises on higher credit card, motor loan demand
Lending to key industries such as real estate and retail trade also rose.
Citi appoints Rob Chan as head of ECM Syndicate for Asia
Chan has been with Citi for 22 years.
Citi Indonesia names Wit Oemar as head of corporate banking
He is one of the founding members of Citi Commercial Bank in Indonesia.
Proposed capital injection to help Chinese megabanks expand loans
It will mitigate pressure from weakening internal capital generation, S&P said.
Smartpay, Chubb launch embedded insurance in Japan
Cashless payments account for 50% of consumer monthly spending in Japan.
CIMB launches 6-year roadmap to enhance operations
Forward30 aims to position CIMB for long-term growth.
DBS boosts sustainable financing to $89b in 2024
Customers invested over S$42m in sustainable funds.
PAObank secures insurance agency licence
It also inked a deal with China Ping An Insurance and FWD Hong Kong.
Prudential, StanChart cement 25 years of bancassurance tie-up
They have the longest-running bancassurance partnership in Singapore and Asia.
CommBank adds extra confirmation step for NetBank logins
Customers using the CommBank app will be prompted for confirmation.
Indonesia and Australia renew $6.2b bilateral currency swap agreement
It will last for 5 years.
Vietnamese banks may see up to 16% credit growth over next two years
Demand will come from the manufacturing, construction, and real estate sectors.
Airwallex to acquire Viet IPS provider CTIN Pay
Airwallex plans to aid merchants in their overseas expansion.
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