News
National Australia Bank buys A2A payment company Banked
National Australia Bank buys A2A payment company Banked
NAB will fully integrate Banked in the coming months.
ASIC holds $1.93b in unclaimed funds from old financial accounts
The largest single amount currently unclaimed is around $927,000 (A$1.3m).
Citi promotes Sutida Tambunlertchai to head commercial banking in Thailand
Citi has announced a slew of appointments over the past month.
Danamon and MUFG Indonesia explore potential integration by 2027
The integrated bank will remain a consolidated subsidiary of MUFG Bank.
Philippine cash remittances up 2.8% to $8.68b in Q1
The US remains the top source of cash remittance.
BSN eyes retail and gold to push beyond mortgage-heavy roots
It is wading downstream from mortgages to lend to developers, hardware stores, and the likes.
SMFG logs record profit of $10.02b in FY3/2026
The Japanese megabank aims for a $10.7b net profit for FY3/2027.
SMFG launches shareholder benefit program ahead of 2-for-1 stock split
They will be granted up to JPY30,000 worth of rewards points, amongst other perks.
Raise Financial acquires GILB in $15m bet to build direct insurance platform
Raise said that it has received all required regulatory approvals to acquire GIBL.
Insurance growth strains trust at claims stage
Claims delays reshape customer loyalty patterns in Indonesia insurance sector.
Indonesia's financial sector urged to shift from expansion to resilience
The country’s 5% growth is no longer a green light for risk-taking, an economist warns.
Citi targets APAC insurance investments with new senior hires
They have poached two BofA bankers to help lead its FIG group.
Banks and insurers must chase AI value creation, not cost savings
They should consider AI as an operating system by itself, not whether it can write them a system.
Margin pressure forces banks off board-rate deposit pricing
Deposit pricing strategies shift as competition tightens funding conditions.
Insurers told tech alone won’t solve rising complexity in Indonesia
Indonesia’s insurance penetration remains low at 2.72% despite rapid AI adoption.
Indonesian banks pursue SMEs, emerging affluent in fintech battle
Financial institutions are bracing for the ‘invisible banking' era.
Why channel reliability trumps promotions in Indonesia's bank loyalty war
Consumers don't want e-channels that are constantly down or lags.
Commentary
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