News
CBA pays $525,000 in penalties for data sharing contraventions
CBA pays $525,000 in penalties for data sharing contraventions
Some customers may have been unable to share certain data to accredited recipients.
StanChart enables Ascentium clients to easily open accounts in Hong Kong
Ascentium clients can also access StanChart’s referral network in Asian markets.
PAObank enables real-time FX transactions using Citi’s API
Accounts of end customers will be debited and credited in real time.
NAB offers loan relief, fee waivers to Aussie bushfire victims
Those directly impacted may also be eligible for credit card payment deferrals, amongst others.
Citi names Soonwok Kwon as head of market sales for South Korea
Kwon used to work at UBS AG and Credit Suisse AG in Seoul.
APAC consumers demand personalised financial wellness tools
Banks must rebuild one-to-one relationships digitally.
Payment Options secures in-principle approval for MPI licence in Singapore
It aims to offer payment capabilities to SMEs.
Retail banks embrace social media and streaming to boost revenue
One digital bank in Europe reported an ARR of $50m from “financial media networks.”
This week in finance: TenPay Global CEO on interoperable payments; tap-to-pay service roll-outs
OCBC and Vietnam separately strengthen their QR payment ties with China.
Dah Sing Bank extends US stock trading service to nearly 24 hours
It also modified its brokerage fee rate to US$0.015 per share.
Citi names Minh Ngo as Citi Country Officer & Banking Head in Vietnam
She is the first Vietnamese national to assume the CCO role in 32 years.
Philippine bank lending up 10.3% in October
But loans to non-citizens saw a faster rate of decline during the month.
Hong Kong’s credit card market cools as jobless rate hits three-year high
Gen Z demand also saw a decline during the quarter.
ASIC proposes updates to credit disclosure as rules expire
It proposes changes to reverse mortgage information statement.
ASIC proposes reviewing relief instruments for financial services licensees
The two instruments will lapse in 2026.
Taiwan inks MOU with India’s IFSCA for bilateral supervisory cooperation
CTBC Bank and Taipei Fubon are seeking to set up branches in GIFT City.
HSBC names Brendan Nelson as group chair
He will remain chairman of the group audit committee until February 2026.
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