News
Pandemic-driven rapid digital growth benefits APAC incumbent banks
Pandemic-driven rapid digital growth benefits APAC incumbent banks
Despite the rise in digital banking demand, neobanks’ performances faltered compared to incumbent peers.
Weekly Global News Wrap: UK fintechs brace for no-deal Brexit; Societe Generale to cut 640 jobs in France
And Deutsche Bank to sell IT services division to India's Tata Consultancy.
South Korea mulls tightening rules on overdrafts: report
Household debt reached a record high of $1.47t in June.
How Spenmo helps businesses secure direct loans
The platform also allows merchants to effectively manage expenses.
Westpac to exit China, other Asian markets
It will consolidate operations into branches in Singapore, London, and New York.
Weekly Global News Wrap: Revolut to apply for US bank licence; G7 to block Facebook's Libra
And Credit Suisse hires former Bank of America investment banking head.
Philippine banks remain firm, but headwinds loom: Fitch
Weak local consumption and high credit impairment are fanning the fire.
Ageing, digitization drive new income streams to Japan's regional banks
Banks can help ageing SME owners manage business risks, says Moody’s.
APAC investment banking fees hit record-high $20.7b in 9M 2020
ECM and DCM fees both hit record-high levels.
APAC banks' problem loans to double by 2022: Moody's
India and Thailand are the most vulnerable.
Bank of Korea plans test-run circulation of digital currency in 2021
It will launch a pilot program to study the potential introduction of a new cryptocurrency.
China's shadow banking credit growth to slow in H2: Moody's
The upcoming lower interest rates on informal lending will kick on growth prospects.
Bank of East Asia commences sale of life insurance arm
It hopes to have an agreement for recurrent revenue.
Singapore investment banking fees down 39.9% in 2020 YTD
Although M&A activity has picked up in Q3 it is still lower than levels recorded last year.
Singapore regulator probing reports on suspicious bank transfers
An appropriate action will be taken based on its own review.
ABF, Poly to host communication trends and technology webinar on 22 October
Poly's Chief Technology Officer & Director, Sales Engineering, Asia Pacific Bill Zeng will take part as one of the event speakers.
ABF to hold first ever Retail Banking Virtual Conference on 17 September
Hear about the latest retail banking and finance news from top experts and executives across Asia.
Thought Leadership Centre
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It is wading downstream from mortgages to lend to developers, hardware stores, and the likes.
Commentary
Built to last: How Japan is approaching the cross-border payments challenge
Asia’s 20% advantage: The simplification strategy rewriting banking from Singapore to Shanghai
Perth is emerging as an unlikely testbed for the future of global finance