News

SBI Holdings forms digital asset JV with Mesh and Money Forward

The JV aims for seamless asset transfers between crypto exchanges and digital wallets.

8 in 10 SG SMEs now use fintechs for financial needs

Half of SMEs use fintechs for loans, payments, and payroll, according to a YouGov poll.

India retail credit expands as unsecured sourcing jumps 26%

Personal loans’ AUM rose whilst credit card AUMs dipped in Q1 FY2027.

MUFG and Danamon propose Bank MUFG Danamon name for integration

MUFG intends to integrate its Indonesia branch into its subsidiary.

Standard Chartered rebrands GBS to Global Capability Centres

GBS operates hubs in China, India, Malaysia, and Poland.

Agentic AI threatens $75b of bank payments revenue by 2030

McKinsey says that $65b of deposit net interest income is at risk.

Authorised scams expose gaps in bank fraud controls

Banks must detect legitimate-looking scam payments whilst balancing customer friction, compliance costs, and security investment.

Citi names Morgan Stanley's Michael Zezas as head of research

Zezas was a managing director and the deputy global head of research for MS.

Standard Chartered to offer digital asset custody to SG institutional clients

It is expected to complement the bank’s financing & securities services in Singapore.

CIMB Islamic debuts Lite-i card with fixed 14% rate

For a minimum spend, they can avail a 0% installment plan for a six-month period.

MAS issues AI risk management guidelines for financial sector

MAS plans to consult on additional guidance on agentic AI in 2027.

Vietnam pledges to improve non-cash payment policies

The central bank plans to expand access to low-income groups and people in rural areas.

Krungthai Bank unveils PromptFund for 24/7 real-time mutual fund trading

Investors will be able to view real-time trading prices before transactions.

OCBC and Ant International launch tokenised deposit treasury solution

Ant International will use OCBC’s blockchain capabilities in its WhaleRTP platform.

Digital tokens eye tax-exempt status as Singapore reviews family office list

MAS will announce the updated list and its implementation date at a later stage.

National Australia Bank deploys encrypted IDs to fight identity fraud

Queensland customers can share mobile licence details without presenting physical documents.