News
GXS Bank Introduces FlexiLoan
Interest rates start from 3.8% per annum.
Vietnam’s Techcombank sees net profits slide 17.1% in Q1
Net interest income fell, but net fee income rose.
Mastercard to remove first-use PVC plastics from payment cards by 2028
It will instead use recycled or bio-sourced plastics, the payments company said.
Alipay+ accessible in 11,000 SG Hawker Centre stalls
Users of the platform and partner e-wallets can pay through the SGQR.
Syfe allies with US-based investment management firm for unique offering
Monthly payouts range between 4.0% to 6% per annum.
Smiles Mobile Remittance adds bills payment for Filipinos in SG
This enables Filipinos based in Singapore to pay their bills via mobile phone.
BIS names deputy head of monetary and economic development
The appointment is for a five-year term.
HSBC Singapore, MSIG enter 15-year bancassurance partnership
MSIG will distribute commercial and personal insurance solutions to HSBC’s SG customers.
Citi names Vikram Singh as CEO of Malaysia franchise
He reports directly to South Asia and ASEAN head Amol Gupte.
Citi’s institutional, corporate banking arm in Asia sees 14% higher revenue in Q1
The Institutional Clients Group’s net income for Asia went up 31% compared to Q1 2022.
India’s Yes Bank records 45% net profit drop: report
Net profit fell much lower than anticipated by analysts.
Singapore and China launches taskforce for green finance
The collaboration will be co-chaired by Gillian Tan and Dr. Ma Jun.
Steady margins will push Daegu Bank to stable profits in 2023
The bank’s dividend payouts will remain at current levels of 40% to 50%, Moody’s reported.
Japan’s Chiba bank to maintain above domestic average profitability
The bank will maintain strong loan quality and liquidity, Moody’s said.
MAS unveils Finance for Net Zero Action Plan
The new net zero plan has expanded to include transition finance.
Australia's Airwallex sets foot in Canada, targets to expand in the Americas
Canadian businesses can create payouts to 150 countries.
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