News
CBA to retain capital levels despite buyback, high dividend payout
CBA to retain capital levels despite buyback, high dividend payout
Cash net profit after tax declined 2% in the latest financial year.
South Korea’s corporate loans rise in July; deposits decline
Tax payments and outflow of funds for various reasons led to the drop.
Japan Post Bank’s net income up 10.8% in Q1
Net income per share is JPY26.61.
SoKor household loans rise in July on more mortgages
Demand may also be higher due to the summer vacation season.
Korea, Turkey renew bilateral swap agreement
The extension is effective for a period of 3 years beginning August 2024.
NETS unveils terminal-less contactless payment solution
It accepts card payments and QR payments from local and overseas apps.
Taiwanese banks hold $310.53t in SME loans in June
SME loans made up 65.64% of all corporate loans in Taiwan.
PH central bank issues framework for digital payment system operators
Payment system operators are required to obtain a license from the BSP.
DBS pilots blockchain-backed treasury tokens for treasury, liquidity mgmt
The tokens enable collaborator Ant Int’l to reduce settlements into seconds.
8 in 10 Gen Zs keen on AI for enhanced banking, retail experience
About 43% of them have already used AI for shopping.
StanChart rolls out ESG-linked cash account in Hong Kong, SG
Clients are rewarded when they meet ESG-related targets.
GHL enables QR payments from ShopBack in Malaysia
The partnership is expected to benefit over 6 million shoppers in Malaysia
Bank of Singapore warns against fake app
It has reported the link and app to the police and regulators.
Bangkok Bank unveils green transition loan for businesses
The credit can be as high as $283m (THB10b)
Thailand’s Krungsri launches SME transition loan for clean energy
It will help businesses embrace clean energy solutions and reduce pollution.
Citi’s wealth unit selling its trust business: report
The bank has been on a selling spree since 2022.
Singapore banks’ loan growth, fee income steady in Q2
But treasury customer income is lower after their record highs in Q1.
Thought Leadership Centre
Most Read
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