News
PH central bank welcomes new anti-financial account scamming law
PH central bank welcomes new anti-financial account scamming law
It authorises the BSP to investigate cases violating law, amongst others.
Techcombank’s pre-tax profits up 38.6% in H1
The bank added nearly 1 million new customers in Q2.
Philippine central bank rolls out Intraday Settlement Facility
The ISF is designed to support a paperless process.
Citi names Ed Huntsman as head of financing, markets for Asian markets
Huntsman will remain global head of financing for spread products.
MUFG, subsidiaries submits business improvement plans to authorities
MUFG also apologised to its customers and stakeholders.
RCBC unable to sustain improved capital amidst bad loans: Moody’s
Its NPL ratio is “one of the weakest” amongst its domestic peers, Moody’s said.
KPay merchants can now accept payments from HSBC’s PayMe app
Over 33,000 merchants in KPay’s Hong Kong network can now accept PayMe payments.
OCBC unveils next-generation programme for wealthy customers
An estimated $2.5t in intergenerational wealth will be passed to the next gen by 2030.
Airwallex clinches retail investment license in Australia
It will now be able to offer its Airwallex Yield product to the wider retail market.
MAS “closely monitoring” global IT outage
Major banks reported little to no impact to customers and key operations.
GoTyme Bank added 1.7 million new customers in H1
It now holds a total of $281.21m (PHP17b) in deposits.
StashAway launches fixed-income Income Investing
It has a 5.51% per annum yield maturity.
ZA Bank rolls out reserve banking services to stablecoin issuers
It has on boarded RD InnoTech and is onboarding 10 other issuers.
Standard Chartered bolsters private banking team in Hong Kong
Two managing directors and three executive directors are joining the team.
Standard Chartered bolsters Singapore private banking with new hires
The bankers hail from UBS, HSBC, Credit Suisse, and Deutsche Bank.
Hong Kong’s ZA Bank welcomes planned stablecoin regulatory regime
The bank surpassed $1b in transfer turnover from Web3 clients in 2023.
Hong Kong process with plan to regulate stablecoin issuers
It has published a consultation paper based on 108 submissions.
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1. OCBC scales regional SME support with S$25b sustainable finance goal 2. ASIC scam takedowns jump 90% as Australians’ losses hit $2.18b 3. Standard Chartered unveils first-ever Global Fusion Centre in Malaysia 4. MUFG breaks ground on new HQ with 2030 target completion 5. Philippines cash holds 42% of POS payments despite e-wallet riseResource Center
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