News
Philippine cash remittances up 2.8% to $8.68b in Q1
Philippine cash remittances up 2.8% to $8.68b in Q1
The US remains the top source of cash remittance.
BSN eyes retail and gold to push beyond mortgage-heavy roots
It is wading downstream from mortgages to lend to developers, hardware stores, and the likes.
SMFG logs record profit of $10.02b in FY3/2026
The Japanese megabank aims for a $10.7b net profit for FY3/2027.
SMFG launches shareholder benefit program ahead of 2-for-1 stock split
They will be granted up to JPY30,000 worth of rewards points, amongst other perks.
Raise Financial acquires GILB in $15m bet to build direct insurance platform
Raise said that it has received all required regulatory approvals to acquire GIBL.
Insurance growth strains trust at claims stage
Claims delays reshape customer loyalty patterns in Indonesia insurance sector.
Indonesia's financial sector urged to shift from expansion to resilience
The country’s 5% growth is no longer a green light for risk-taking, an economist warns.
Citi targets APAC insurance investments with new senior hires
They have poached two BofA bankers to help lead its FIG group.
Banks and insurers must chase AI value creation, not cost savings
They should consider AI as an operating system by itself, not whether it can write them a system.
Margin pressure forces banks off board-rate deposit pricing
Deposit pricing strategies shift as competition tightens funding conditions.
Insurers told tech alone won’t solve rising complexity in Indonesia
Indonesia’s insurance penetration remains low at 2.72% despite rapid AI adoption.
Indonesian banks pursue SMEs, emerging affluent in fintech battle
Financial institutions are bracing for the ‘invisible banking' era.
Why channel reliability trumps promotions in Indonesia's bank loyalty war
Consumers don't want e-channels that are constantly down or lags.
OCBC and Australian High Commission sign 5-year pact to boost SEA–Australia trade
OCBC aims to more than double flows by 2030.
Indonesia finance firms face narrowing window to monetise AI, BCG says
Financial institutions are entering a new AI-driven “intelligence war” focused on products and operations.
HSBC Singapore adds health perks for Premier clients via IHH, Raffles Medical
They will receive access to IHH’s Parkway Shenton app and Raffles Medical’s MediWellness facilities.
Philippine bank lending accelerates to 10.7% in March on business demand
Consumer loans grew at a slightly slower pace on less motor vehicle and salary loans.
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HSBC Indonesia won International Retail Bank of the Year - Indonesia for a third straight year, honouring its wealth expertise, digital growth, and innovation.
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