News
ANZ ex-CEO Shayne Elliot sues the bank
ANZ ex-CEO Shayne Elliot sues the bank
Elliot’s long-term variable remuneration was adjusted to zero for 2025 and 2026.
Philippine credit card startup Zed raises $16.5m in new funding
The company uses AI to underwrite customers.
Jenius partners with Zurich on in app travel insurance offering
Both products can be purchased fully digitally without the use of agents and with minimal documentation.
Syfe achieves group profitability
Its AUM in Hong Kong grew nearly six-fold in 2025.
KBANK sees limited flood impact as interest income pressure looms
Policy rate cuts will lead to net interest income pressures in 2026.
TISCO Bank cautious on 2026 as it scales back high yield lending
It expects net profits to decline in 2025-26, but is confident it can maintain its payout ratio.
Thai Credit Bank eyes double digit loan growth in 2026
It expects to hire more employees to support its larger loan portfolio.
NAB Private Wealth names Alexandra Campbell as new CIO
Campbell will lead the investment strategy across all asset classes and JBWere.
Airwallex secures majority ownership of PT Skye Sab Indonesia
Indonesian merchants wanting to expand overseas can now do so via Airwallex.
KPay, Global Payments launch ‘Tap to Pay on iPhone’ service
Merchants can accept contactless payments using an iPhone XS or a later model.
Wealth managers expand lifestyle offerings to capture UHNWs
UHNW-focused practices are more likely to offer concierge and lifestyle services.
Indonesian banks’ weak loans improve with ample coverage for risks
Pockets of vulnerabilities remain in certain sectors, like the textile industry.
BNP Paribas sells AG Insurance stake to Ageas for $2.2b
BNP Paribas said the deal is expected to close in the second quarter of 2026.
Endowus rolls out two investment portfolios in HK, SG
Income Enhanced Conservative and Income Enhanced Aggressiveness are now available.
Alipay+ sees tourist spending rise on foreign e-wallet use
Beauty clinic transactions and transportation transactions rose during the year.
CBA pays $525,000 in penalties for data sharing contraventions
Some customers may have been unable to share certain data to accredited recipients.
StanChart enables Ascentium clients to easily open accounts in Hong Kong
Ascentium clients can also access StanChart’s referral network in Asian markets.
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