News
NAB underlying net profit jumps 12% to $3.1b in Q1
NAB underlying net profit jumps 12% to $3.1b in Q1
This was driven by the strong performance of its customer facing divisions.
DBS pilots Visa Intelligent Commerce for agent-initiated payments
Pilot tests AI agents completing everyday purchases using issuer-controlled payment flows.
Philippine cash remittances hit record $3.52b in December
Full-year inflows and personal remittances both hit an all-time high.
Australia’s BEN to see low credit losses but at risk from housing shock: S&P
Operating efficiency will likely continue to improve on digital investments.
Mizuho FG’s CET1 ratio climbs to 13.76% as capital base grows
The megabank earlier announced that it has achieved 90% of its profit target.
BEA’s profit down 24% to $447.87m in 2025 as China losses mount
Commercial real estate (CRE) accounted for 77% of BEA’s loan loss provisions.
Alipay’s agentic-powered AI Pay exceeds 120 million transactions
AI Pay is being used by Luckin Coffee and Rokid, amongst others.
Japan’s PayPay files for Nasdaq IPO
A public offering of the American depositary shares is also planned.
MariBank links remittances to Weixin Pay via TenPay Global
Users can send salaries and savings via MariBank Overseas Transfers.
ANZ logs $1.38b profit in Q1 2026 on higher deposits and improved costs
The bank’s productivity program is underway, said CEO Nuno Matos.
DBS to focus on tech resilience and grow fee income in 2026: analyst
The bank should balance increased distributions and M&As, an analyst said.
SMBC appoints Salim Zaman as global head of FX
Zaman will continue to serve as co-head of global markets and treasury in APAC.
Hong Leong Bank rebrands wealth segment as HLB Priority and revamps centres
Modernisation of priority centres is scheduled to be completed around March 2026.
CBA credit losses seen steady as debt risks linger: S&P
The bank is vulnerable to housing-related risks.
Bank J. Safra Sarasin names Dong Chen as Asia CIO
Chen worked at J.P. Morgan Private Bank and Pictet Wealth Management.
OCBC enables Weixin Pay QR payments via bank app
Customers will see rates in real-time before making a transaction.
Chubb launches Chubb Wealth with no platform fees for HNWs
Minimum investment for mutual funds starts for as low as US$100.
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