News
Australian banks shed $13b in assets in downsizing spree
Australian banks shed $13b in assets in downsizing spree
CBA sold its asset management business for $2.9b.
Japanese banks trial blockchain technology to settle payments
Fujitsu has been tapped to develop the application.
Malaysia lowers cash transaction threshold in fight against dirty money
Hard-cash circulation has ballooned by 150% in the past decade.
Hong Kong beefs up e-wallet identity verification
Enhanced security features include two-factor authentication process.
E-wallet war heats up in Vietnam as banks join fray
Four more banks received clearance to operate e-wallet businesses.
Malaysia moves to enable money transfer via mobile number
Users can transfer money through DuitNow by December.
South Korean bank loans hit $780b in Q3
Household lending outpaced corporate loans but not for long.
Hong Kong suspends e-wallet top-ups amidst fraud reports in blow to Smart Banking push
Customers were hit by a combined loss of $180,000.
Japanese banks risk-taking hits near 30 year high amidst profit crunch
This marks the highest point since 1990 during the asset-inflated bubble burst.
Can Taiwanese banks maintain stable financial footing?
Lenders face stiff competition and modest lending demand.
Sibos 2018: China and Australia put APAC on the map in global fintech league
Three of the top five in KPMG's Fintech100 were nabbed by Chinese firms.
Sibos 2018: How Japan's megabanks will digitalise trade finance processes using blockchain
They are part of a consortium of trade players working on a Trade Data Sharing Platform.
Chart of the Week: APAC eats up global payments pie but lags in electronification
The region's e-payment transactions are up to 65% lower than Europe's.
Weekly Global News Wrap Up: US banks' credit card war heats up; Lenders curb China travel after UBS banker departure ban
And here's the latest move of Goldman Sachs to expand its client base beyond the ultra-rich.
Singapore banks fall from grace as lending and non-interest income takes hit
Volatile markets may cut up to 15% of DBS and OCBC's non-interest income.
Sibos 2018: APAC fuels global payments boom with $900b in 2017 revenue
Strong balance growth in China is cementing the region's dominance.
Only a fifth of Philippine rural and thrift banks ready to digitise
They still need to make heavy investment in foundational technologies.
Thought Leadership Centre
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1. Payment failures cost Singapore merchants $12b annually 2. Singapore's big 3 banks pivot to wealth as margins shrink 3. HSBC and HSBC Life sign Humansa MOU for HNW health planning 4. Citi targets APAC insurance investments with new senior hires 5. OCBC and Australian High Commission sign 5-year pact to boost SEA–Australia tradeResource Center
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It is wading downstream from mortgages to lend to developers, hardware stores, and the likes.
Commentary
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