News
Siam Commercial Bank and Sansiri push for 50% paper reduction this year
Siam Commercial Bank and Sansiri push for 50% paper reduction this year
Sansiri will use SCB's Digital Workflow technology.
ASB Bank fined $3.84m for 7 AML breaches
The bank admitted to seven breaches of AML/CFT rules.
ShanCom Bank offers exclusive mortgages for Henderson buyers
Buyers are offered a cash rebate of up to 1.3% and first-year home insurance.
Citi bolsters APAC DCM franchise with hires from HSBC and UBS
Anthony Yap joins Citi in Sydney whilst Maria Chua joins the bank in Hong Kong.
Green Link posts eightfold income growth on disciplined SME focus and AI investment
Green Link says digital banks fail by mimicking traditional models as agentic AI offers a way to serve SMEs at lower cost.
HSBC Australia fined $24.53m over scam protection failures
HSBC admitted to inadequate scam controls in its internal transfer system between May 2023-2024.
NAB deploys AI analytics tool saving 2-4 days per use case
Genie translates plain English questions into structured SQL queries.
ANZ opens 27 branches on Saturdays for home loans and specialist banking
There will be no over the counter services on Saturdays.
Taiwan SME loans rise $2.27b in April with bad debt ratio improving
Average NPL ratio was 0.20% and lower than in March.
BSP raises salary loan repayment cap to seven years
The seven years is the maximum tenor and not a fixed loan term.
CommBank names new group CIO and group CTO
Victoria Ledda and Rodrigo Castillo will take over their new roles on 1 July.
BDO tops Philippine brands for third straight year at $3.5b
BPI’s brand value grew 37%, whilst AUB is the country’s fastest growing brand.
CIMB targets first-time car buyers with bundled loan and insurance
Buyers can access insurance and Takaful protection through bancassurance financing.
Trust Bank users rack up S$142m in FX fee savings
The bank’s customers have made 60 million overseas transactions to date.
HSBC and BOCHK back Hong Kong’s wholesale CBDC pilot
Both banks will participate in the pilot project.
Hong Kong credit card transactions dip in Q1 even as card count surges
Card spending softened from Q4 but remains 13.6% higher than a year ago.
HSBC launches invoice-backed digital trade loans
Customers can receive funds in minutes once all info has been submitted and approved.
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1. Singapore aced its FATF evaluation — now comes the hard part 2. Citi boosts North Asia & Japan corporate desk headcount by 25% 3. UOB Private Bank hires Dominique Boer as ASEAN regional market head 4. Japan banks turn to stablecoins to retain deposits 5. Can Asia’s banks make stablecoins work across borders?Resource Center
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Leading voices from the banking and insurance industries will meet at The Hyatt Regency to discuss wealth management, insurance investment, and the AI economy.
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