News
Crackdown may slow Vietnam banking processes: S&P
Crackdown may slow Vietnam banking processes: S&P
Vietnamese bank’s failure reveals corruption, fraud and violations in sector.
Australia, NZ retail banks face tougher headwinds
Both loans and deposits will see increased competition.
HSBC Singapore to open three wealth centres by 2025
The bank aims to boost client-facing roles by more than a third by 2028.
Citic Group’s liquidity ‘sufficient’ for Huarong Financial buyout
By 2023, cash in hand of $3.7b was enough to cover the acquisition.
JCB and Mandai Wildlife Group offer 50% discount to cardholders
The ticket covers three parks, including Singapore Zoo.
Alipay+ enables QR payments in Mongolia for 12 foreign e-wallets
The e-wallets are from SEA, East Asia, and Italy.
Malaysian bank and GHL collab to offer interest-free plan
It will be made available to more than 7,000 merchant terminals.
CIMB appoints new CEO
Novan Amirudin will overtake Dato’ Abdul Rahman Ahmad next month.
Malaysia's private sector credit grows 5.4% in April
Thanks to higher growth in both outstanding loans and corporate bonds.
GHL and BSN partner to expand in-store payment choices
Shoppers at GHL stores can now enjoy up to 36 months of BSN's 0% EasyPay.
Hong Kong mortgage loans drawdown rises by 9.9%
This was translated to $1.69b in loans.
Philippine’s bank loans expand by 9.6% YoY in April
It was higher than the previous month’s 9.4%.
DBS Taiwan Partners with Thales to issue 2-million eco-friendly cards
The bank aims to become the largest issuer of sustainable cards.
HSBC’s UniTransact to streamline cross-border transactions
New platform addresses digital payment challenges, enhances transaction efficiency in Indonesia.
Indonesia's money supply falls 6.9% YoY in April
Thanks to disbursed loans and net claims.
Citi meets wealth needs with launch of exclusive debit card
The card’s daily spending limit can be as high as HK$300,000.
Hong Leong Bank posts 7.1% profit growth in 9MFY24
This translated to a profit of $671m.
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