News
Wealth customers turn to private markets for higher returns
Wealth customers turn to private markets for higher returns
US tech firms are helping drive interest, said digital wealth firm StashAway.
HSBC rolls out cross-border tokenised deposit service
TDS has completed its first USD cross-border transaction between Hong Kong and Singapore.
DBS’s multi-family office VCC hits S$1b assets under management
They are aiming to hit S$2b in AUM by end-2026.
High loan growth and weaker profitability weighs on Vietnam’s TPBank
Planned injection in a securities company affiliate will also weaken overall capitalization.
Australian regulator’s private credit scrutiny supports market stability: analyst
Better transparency, reporting, and oversight will strengthen the market.
Bank Mandiri's net profit growth to slow in 2025 due to opex adjustment
It is expected to be non-recurring.
Social pressures drive financial misreporting in Singapore
The highest misreporting rates are in the Philippines (47%) and Indonesia (45%).
New Zealand opens ESAS application process to all interested entities
In general, applications will be assessed in the order they were received.
Alipay+ enables overseas tap-to-pay service for Kakao Pay users
Kakao Pay users can now make NFC payments at Mastercard merchants worldwide.
China CITIC Bank Int’l adjusts down HKD prime rate to 5.375%
This is 12.5 basis points lower than the previous 5.5% rate.
Bangkok Bank named custodian of $65.9m private fund
The fund is by PTT Savings and Credit Cooperative, Limited.
ZA Bank surpasses 1 million customers
The Hong Kong-based digital bank saw deposits and card transactions rise in H1.
SMBC’s Bengalaru branch commences operations
Satoshi Onoe serves as head of the branch.
MoneyHero Group returns to quarterly profitability in Q2 2025
Platform membership grew 33% whilst EBITDA loss improved as well.
India’s central bank establishes regulatory review cell
It will ensure the systemic internal review of regulations every 5-7 years.
Regulator urges stronger standards in Australia's private credit sector
A review found opaque remuneration and fee structures, amongst other concerns.
Chart of the Week: Hong Kong card payments to hit $233.5b by 2029
Growing preference for contactless payments will lift the value up.
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1. Singapore aced its FATF evaluation — now comes the hard part 2. Citi boosts North Asia & Japan corporate desk headcount by 25% 3. UOB Private Bank hires Dominique Boer as ASEAN regional market head 4. Japan banks turn to stablecoins to retain deposits 5. Singapore and Indonesia to launch Rupiah-SGD settlement frameworkResource Center
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Leading voices from the banking and insurance industries will meet at The Hyatt Regency to discuss wealth management, insurance investment, and the AI economy.
Commentary
From automation to agency: Asia’s wealth leaders can reinvent, not just streamline
Singapore aced its FATF evaluation — now comes the hard part
Are Asia’s digital banks prepared for the stablecoin era?
Why APAC is building home-currency stablecoins
Why Southeast Asian wealth managers must design the business before buying the technology
Why trust in Asian banking increasingly gets built off the record
Hong Kong cleared stablecoins for take-off. Getting them to work across Asia is the hard part
The financing challenge behind Asia’s wealth transfer