News

Southeast Asian countries' credit growth diverges

Thailand has been hit with weak economic growth, whilst

ABS warns of rise in card phishing scams

Banks will roll out additional verification, the ABS said.

Westpac cuts home loan, deposit interest rate by 0.25%

Westpac Life and Westpac eSaver rates are affected.

DBS names new group heads of corporate & SME arm, operations

Chen Ze Ling and Welson Jamin will take over the roles, respectively.

Hang Seng enhances dementia-friendly services in branches

Each of its branches now has a trained dementia-friendly ambassador.

StanChart HK enters JV to develop HKD-backed stablecoin

It is working with telecom company HKT and game software company Animoca Brands.

Experts examine AI's impact on Thailand’s financial services sector

Embrace AI or be left behind, an expert said at the Asian Banking & Finance and Insurance Asia Summit today.

Westpac lets home loan clients set-up offset accounts with no extra fees

Home loan customers can create up to 10 offset accounts.

Fintech Aspire, Visa launch corporate card for Hong Kong’s SMBs

Globally, 4 in 5 small and medium businesses are looking to sell overseas.

Loan matching platform Lendela names new CFO, CTO

Lendela is planning to scale business across Hong Kong and APAC.

Straits Millennium obtains IPA for SG major payment institution licence

The company will offer digital payment token services in Singapore.

Airwallex hits $130b in transactions, up 30% since August

The company saw a 78% YoY surge in profit since Q1 2024.

High banking fees hinder Thailand’s financial inclusion

Virtual banks could disrupt costly banking norms.

Citi eyes 10% increase in social finance funding in Asia

Over $2b in social finance transactions were raised in Asia in 2024.

Mastercard rolls-out network-level AI-powered solution against financial crime

Together with BancNet, it has already onboarded 36 Philippine banks.