News
AGTech acquires controlling stake in Ant Bank Macao for $30.23m
AGTech acquires controlling stake in Ant Bank Macao for $30.23m
AGTech now owns 51.15% of Ant Bank (Macao)'s issued shares.
CIMB logs 14% net profit growth in H1; interim dividend is 20 sen
CEO Novan Amirudin attributed this to operating income growth, amongst others.
PT Bank Permata launches travel, dining card for affluent clients
Priority customers can avail 20,000 airline miles, subject to conditions.
Woori’s billion-dollar insurance buys will have little impact on banking arm
Woori Bank is expected to maintain its asset quality, although NIM may narrow.
Banks must expand net zero targets, set clearer O&G goals: org
Japan, SoKor have yet to set medium and long-term targets aligned with a 1.5°C scenario.
PH banks’ loans up 10.4% in July
Growth of loans to residents slowed over the month.
Hong Kong fines WeChat Pay HK for legal breaches
WeChat Pay Hong Kong self-reported the case.
Proposed bill lets police block bank transactions in ongoing scams
The bill does not cover traditional cheating cases involving in-person interactions.
Asia Pacific drives 54% of bancassurance market growth
The market is seen to expand by 6.74% this year.
UNOBank pushes embedded finance in Philippines
The platform seeks to boost its digital banking business and expand financial services.
HSBC Singapore names James Coyle as independent non-exec director
Coyle had previously served on the boards of HSBC UK and HSBC Trust.
Higher deposits, wealth buoy BOCHK to 17.9% profit rise in H1
Interim dividend for the period is HK$0.57 per share.
Siam Commercial Bank unveils tap-to-pay service
It is available via the Mae Manee app.
MUFG boosts energy market presence with trading approvals, stake buy
It has clinched approvals from TOCOM and the Japan Securities Clearing Corporation.
Thaioil takes up sustainable deposits, linked swaps with SCB
Funds from deposits will support projects that reduce environmental impact.
India warns against fraudsters’ posing as central bank employees
They would use fake letterheads or threaten to close bank accounts.
Trust Bank set to be Singapore’s 4th largest retail bank by end-2024
It now has over 800,000 customers in the Lion City.
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1. Barclays launches Singapore private bank booking centre 2. Singaporeans lead in digital wallet adoption but AI commerce trust lags 3. Citi to launch Hong Kong's first virtual card with dynamic CVC 4. India card payments post five years of growth: GlobalData 5. MUFG joins 21 banks globally to form stablecoin companyResource Center
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Commentary
APAC has mastered domestic payments. The next challenge is connecting them.
Why fragmented communications are becoming a hidden governance risk for Asia Pacific banks
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