News
Siam Commercial Bank rolls out online international trade service
Siam Commercial Bank rolls out online international trade service
Transactions can be made without the need to submit original documents.
SME Bank partners with MARC to support Malaysian SME growth
They will combine their expertise in data and business coaching.
Indian bankers optimistic for loan demand: survey
Except for mining and quarrying, demand is expected to hold up through September.
South Korea mulls easing “network separation” rules on financial companies
It has formed a sandbox program to allow FIs to explore the use of gen AI.
Japan’s SMFG reports higher Tier 1 capital and ratio for 2024
But its total capital ratio was slightly lower than a year ago.
PH central bank pushes for digital wage payments
PH central bank pushes for digital wage payments
HDFC Bank launches India’s first mobile app-based digital credit card
PIXEL is a fully digital credit card designed for the mobile-first generation.
FinTech companies drive crucial cross-border transactions
The demand for faster payments, cheaper costs, and payment flexibility are three big trends for cross-border transactions.
Deutsche Bank nabs Citi banker as head of global corp coverage in India
Manik Chhabra joins Deutsche Bank beginning 19 August.
DBS launches multi-currency commercial debit card
Businesses can lock in rates 1 year in advance.
Military Commercial JS Bank to sustain profits despite rising bad loans
Its NPL ratio deteriorated to 1.6% in June 2024 vs 1.4% a year earlier.
Chinese banks must move from size reliance to sustain profits
Most struggle to diversify their income sources as they seek short-term growth.
Airwallex now processing $100b annually
This was anchored by its Americas expansion and APAC revenue growth.
Japan’s card payments market value to grow 10.8% in 2024
Credit and charge cards made up 96.5% of all card payment transactions.
UOB seeks to be ASEAN's top cross-border trade bank by 2026.
It aims to be the number 1 cross-border trade bank in ASEAN.
Mizuho Bank’s Tier 1 Capital Ratio at 14.26% in June
This is 0.66 percentage points (ppt) higher than in March 2024.
Hong Kong central bank launches gen AI sandbox
Banks are encouraged to make full use of the sandbox.
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