News
US Treasury and MAS reinforce cross-border cybersecurity
The collaboration follows the MOU on Cybersecurity Cooperation between the institutions in August 2021.
DBS hits record net profit of S$2.57b in Q1
Board has declared a dividend of SGD 42 cents per share.
Mox Bank hit HK$170m operating income in 2022
The bank remains dedicated to reaching break-even in 2024, CEO Barbaros Uygun said.
Hong Kong’s livi bank records HK$17m operating income
Its loan balance has surpassed HK$1.3b as of end 2022.
Hong Kong’s residential mortgage loans in red decreases to HK$34.4b
The total cases is at 6,376 by end-March, lower than the over 12,000 cases in 2022.
Vietnam’s HDBank targets $562.67m profit for 2023
Shareholders approved a dividend distribution of 10% in cash and 15% in shares.
SFA, Austrade kick-off Project Lorikeet to support fintechs expansion in both markets
Supporting partners are HSBC and Amazon Web Services.
Bank of East Asia extends Saturday hours of three select branches
The branches can provide personal account opening and general enquiry services.
KB Financial registers 2.5% growth in Q1 earnings
Net profits totalled ₩1.50t in the January to March period.
Alipay Q1 transactions by Chinese tourists in SG nearly doubles
Total user transactions in March averaged 45% of the tally in 2019.
Zubin Rada Krishnan joins BigPay as group CEO
The company plans to launch in Thailand, Indonesia, and the Philippines within the year.
BPI’s Q1 net profit increases by 52%, boosts efforts toward financial inclusion
The January to March performance was driven by the bank’s average asset base expansion, margin growth, and lower provisions.
Weekly Global News Wrap: Klarna, Block execs calls UK’s planned BNPL regulations “outdated”; Citi’s global FX head to leave
And fintech Boost looks to raise $50m to $100m in possible new funding round.
Techcombank launches AI-powered money management services
It will provide insights on payment behaviors and analyze transactions.
MAS hosts meetings for central banks to tackle climate issues in finance
Climate-related risks and issues were identified for the transition to green financing.
Goldman Sachs shareholders call for bank to release net zero transition plan
The resolution is reportedly supported by 30% of shareholders.
Commentary
Why Asia’s private wealth industry requires a new era of governance
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