Asian Banking & Finance

SaaS proves beneficial to banks’ financial efficiency and security
^ "https://vimeo.com/990483722"
Banks streamline IT costs and improve security with SaaS solutions.
Philippine banks need to update strategies for competitive advantage
^ "https://vimeo.com/990463928"
Less than 10% of revenue is allocated to information technology.
Higher smartphone access needed to propel digital wallets use
^ "https://vimeo.com/990446686"
Digital wallets are set to account for 61% of global ecommerce payments by 2027.
ANZ China’s outlook stable amidst strategic position
It is expected to maintain its capital buffer over the next two years.
Indonesia’s new loans rise in Q2
New loan disbursements are expected to further grow in Q3.
Thailand and Japan renew bilateral swap agreement.
The size of the BSA remains at $3b or its equivalent in yen.
Philippine central bank achieves digital retail payments target
As of 2023, 52.8% of monthly retail payments are made digitally.
Singapore’s cash use in POS to fall at just 7% by 2027: study 
E-wallets will become Singaporeans’ payment method of choice.
SCBX reports 15.6% net profit decline in Q2
Economic growth fell short of expectations, SCBX’s CEO said.
UOB names Susan Hwee as head of group retail
Eddie Khoo to retire; Lawrence Goh is new head of GTO.
UOB to see 200 tonne-reduction in CO2e emissions with DHL pact
UOB’s international parcel deliveries will now use sustainable aviation fuel.
CashOn launches digital currency lending matching platform in Hong Kong
CashOn connects customers to licensed financial institutions.
DBS launches bond portfolio managed by BlackRock
Customers can invest for a minimum of $1,000 and a 0.6% annual management fee.
How CIMB used automation to raise staff productivity
CIMB automated 10 processes in 2023, equal to 17,000 man-hour savings. 
HSBC, SBF to help Singapore businesses scale GBA, India, Middle East
HSBC launched a business guide and will offer net zero transition solutions.

Join the Asian Banking & Finance community

Exclusives

Exclusives

Banking Technology Ecosystem, data key for banks to keep up with disruptors
Banks must become the main choice of the customer, an analyst said.
Banking Technology How CIMB used automation to raise staff productivity
CIMB automated 10 processes in 2023, equal to 17,000 man-hour savings. 
Retail Banking Let China’s small banks fail– analyst
China should follow Spain's footsteps and establish a fund pool against bankruptcies.
Banking Technology Data analytics key to SEA digital banks' profitability and retention
After the initial novelty and rewards, digibank users are likely to revert to their old bank.
Banking Technology How GoTyme kiosks transformed grocery stores into banking hubs
The digital bank onboarded two-thirds of its 3.4 million users through supermarket kiosks.
Retail Banking Hong Kong banks ramped up hiring but investment bankers laid off
Trade and private bankers are most in demand, although banks are cautious.
SG banks turn to upskilling as hiring sentiments turn ‘cautious’
Roles related to wealth advisory and anti-ML and fraud are most in demand.

Top News

SaaS proves beneficial to banks’ financial efficiency and security
^ "https://vimeo.com/990483722"
Banks streamline IT costs and improve security with SaaS solutions.
Philippine banks need to update strategies for competitive advantage
^ "https://vimeo.com/990463928"
Less than 10% of revenue is allocated to information technology.
Higher smartphone access needed to propel digital wallets use
^ "https://vimeo.com/990446686"
Digital wallets are set to account for 61% of global ecommerce payments by 2027.
ANZ China’s outlook stable amidst strategic position
It is expected to maintain its capital buffer over the next two years.
Indonesia’s new loans rise in Q2
New loan disbursements are expected to further grow in Q3.
Thailand and Japan renew bilateral swap agreement.
The size of the BSA remains at $3b or its equivalent in yen.
Philippine central bank achieves digital retail payments target
As of 2023, 52.8% of monthly retail payments are made digitally.
Singapore’s cash use in POS to fall at just 7% by 2027: study 
E-wallets will become Singaporeans’ payment method of choice.
SCBX reports 15.6% net profit decline in Q2
Economic growth fell short of expectations, SCBX’s CEO said.
UOB names Susan Hwee as head of group retail
Eddie Khoo to retire; Lawrence Goh is new head of GTO.
UOB to see 200 tonne-reduction in CO2e emissions with DHL pact
UOB’s international parcel deliveries will now use sustainable aviation fuel.
CashOn launches digital currency lending matching platform in Hong Kong
CashOn connects customers to licensed financial institutions.
DBS launches bond portfolio managed by BlackRock
Customers can invest for a minimum of $1,000 and a 0.6% annual management fee.
How CIMB used automation to raise staff productivity
CIMB automated 10 processes in 2023, equal to 17,000 man-hour savings. 
HSBC, SBF to help Singapore businesses scale GBA, India, Middle East
HSBC launched a business guide and will offer net zero transition solutions.

Exclusives

Banking Technology Ecosystem, data key for banks to keep up with disruptors
Banks must become the main choice of the customer, an analyst said.
Banking Technology How CIMB used automation to raise staff productivity
CIMB automated 10 processes in 2023, equal to 17,000 man-hour savings. 
Retail Banking Let China’s small banks fail– analyst
China should follow Spain's footsteps and establish a fund pool against bankruptcies.
Banking Technology Data analytics key to SEA digital banks' profitability and retention
After the initial novelty and rewards, digibank users are likely to revert to their old bank.
Banking Technology How GoTyme kiosks transformed grocery stores into banking hubs
The digital bank onboarded two-thirds of its 3.4 million users through supermarket kiosks.
Retail Banking Hong Kong banks ramped up hiring but investment bankers laid off
Trade and private bankers are most in demand, although banks are cautious.
SG banks turn to upskilling as hiring sentiments turn ‘cautious’
Roles related to wealth advisory and anti-ML and fraud are most in demand.

Join the Asian Banking & Finance community