News
National Payments Corporation of India, Fonepay tie up for cross-border QR-code
National Payments Corporation of India, Fonepay tie up for cross-border QR-code
Both companies have completed operational preparations.
Bank of Singapore names new global head of legal and regulatory compliance
His role is effective starting 2 October, replacing Eric Teh.
Citi TTS pilots token services for cash management, trade finance
Citi will integrate tokenised deposits and smart contracts in its global network.
StanChart HK inks MOU to promote business, dev’t between HK and Dubai
This include promoting the growth of family offices, fintechs, and virtual asset industries.
Standard Chartered launches sustainable trade loan
The loan will be available for select eligible activities, such as installation of wind turbines.
Hang Seng names new head of commercial banking
She will take over Donald Lam beginning 14 October.
Citi India initiates 12-month WFH set-up after mothers give birth
This comes on top of their paid maternity leaves.
UOB Malaysia unveils supply chain management services in UOB Infinity platform
UOB clients will be able to digitally connect to buyers, suppliers, and distributors across Asia.
Citi Securities Services joins DLT-powered fractional bond exchange
Citi will provide settlement and custody services in the back end.
Citibank China clinches Futures Margin Depository Bank approval
It is the first American bank to clinch the approval.
OCBC’s Wisma Atria branch launch new partners, celebrates anniversary
The branch receives 7 times more credit card applications compare to banking-only branches.
MUFG closes $404m green loans to build two data centres in Jakarta
This is MUFG’s second project financed greenfield data centre transaction in APAC in 2023.
South Korean banks’ deposits up by $21b in August
Transferable deposits and time deposits both grew.
Korean banks’ lending to corporates, SMEs rise in August
Loans extended to large corporations and SMEs both rose during the month.
Mortgages drive demand for South Korean household loans in August
Demand for other loan types fell, however.
HSBC names Lok Yim as regional head of APAC global private banking
Yim joins from Deutsche Bank, where he was CEO of its Hong Kong business.
YouBiz unveils multi-currency corporate cards in Singapore
The card can be issued in 9 currencies without FX fees or monthly subscription fee.
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