In Focus

Indonesian banks launch mobile wallet in last-ditch effort to compete with Go-Jek
LinkAja can be used for mobile prepaid top-ups, POS payments, utility and transport payments.

Top News

Chinese banks suffer heavy losses as delinquencies hit $17.88b in January
Retail Banking
1 day ago
The energy sector saw the most defaults of $6.94b.
Hong Kong credit card balances up 5% to $17.33b in Q4
Cards & Payments
1 day ago
The balances of Generation Z customers skyrocketed 89%.
Chinese banks raise record-high $48b in Q1 to plug capital crunch
Retail Banking
1 day ago
Banks have been allowed to issue perpetual bonds to improve solvency ratios.
Vietnam puts pressure on remaining 14 banks to list before 2020
Retail Banking
1 day ago
17 of the 31 banks have already registered for trading.
Singapore slapped $12.47m in penalties in last 18 months
Retail Banking
1 day ago
Enforcement actions include 19 prohibition orders and $698,000 in civil penalties.
Philippine customers trust banks more than government with their data: survey
Retail Banking
1 day ago
Around 42% trust banks the most compared to 21% who trust the government.
Asian wealthtech firms snap up 15.5% of investment in 2014-2018
Financial Technology
1 day ago
They still fall flat of Europe and North America’s dominance.
Banks struggle with millenials' use of messaging apps
Banking Technology
2 days ago
2 in 5 APAC millennials contact their RMs through chat application in Q2 2018.
Weekly Global News Wrap Up: Germany's mega-bank merger may cut around 30,000 jobs; Italy eyes renewing bad loan guarantee scheme
Retail Banking
2 days ago
And JPMorgan launches checkless no-overdraft accounts.
Chart of the Week: Can Chinese banks plug SMEs gaping credit crunch?
Retail Banking
2 days ago
Loans to SMEs by SOCBs dropped to -4% in 2018 from 12% the previous year.

More News

Siam Commercial bank in talks to sell life insurance business to FWD Group
8 hours ago
The firms were previously in talks for a possible $3b sales of SCB Life Insurance.
OCBC Pay Anyone joins order-ahead app Waitrr
9 hours ago
OCBC’s app will automatically launch once customers select their meals.
Thailand Post unveils self-service kiosks in rural areas
9 hours ago
It will also launch its withdrawal services by Q2.
Standard Chartered unit launches startup platform
3 days ago
SC Ventures Fintech Bridge will link the bank with promising startups, investors and accelerators.
Neih hou ma: Standard Chartered Hong Kong's new chatbox understands Cantonese
3 days ago
Stacy is available on mobile app and in StanChart's website.
Mortgage recovery looms for UOB as residential market stabilises
3 days ago
Mortgages will grow to mid-single-digit in 2019 from 4.3% in 2018.
Deutsche Bank establishes bad-loan buying unit in India
4 days ago
More than 29 asset reconstruction companies have been set up after 2002.
Bangkok Bank rolls out cross-border QR code payment in Japan
4 days ago
Users can avail of lower fees for foreign currency exchange than credit card or cash.
HSBC targets Korean bank tie-ups for blockchain platform
4 days ago
It aims to launch the Voltron platform to rapidly streamline trade financing.
RCBC files $2.47m defamation suit vs Bank of Bangladesh after massive cyberheist
1 week ago
RCBC thinks that the Bangladesh Bank should pay them at least $1.90m in damages and another $570,000 to its senior VP for similar damages.

Exclusive

Singapore firms with overseas ties could fall into global regulatory loopholes: Dow Jones
Despite a world-leading compliance regime, firms risk another 1MDB scandal by failing to assess malpractices of external links.
by Staff Reporter
20 Mar 2019
Three's a crowd: Shinhan and fintech unicorn Viva Republica leap into Korea's internet-only banking race
The partnership will have immediate access to 11 million users of e-payment app Toss.
by Luz Wendy Noble
18 Mar 2019
Cash is still king in Singapore as reluctant elders shun mobile apps
Security concerns in mobile banking apps rose from 34% in 2017 to 41% in 2018.
by Staff Reporter
18 Mar 2019
Exclusive
HSBC targets US$1b in additional wealth revenue by 2020 from Asia's super-rich
The bank is adding 1,300 roles that will be assigned primarily in Hong Kong, Singapore and China.
by Staff Reporter
18 Mar 2019
Exclusive
SWIFT's Michael Moon on shaking the dust off the global cross-border payment process
SWIFT gpi promises speed, traceability and transparency as it helps usher in a new era of payments.
by Staff Reporter
18 Mar 2019

People

DBS poaches former Bank of Singapore private banker
Credit Suisse names Josephine Yap as head of Philippine representative office
NAB names Philip Chronican as next chairman
MAS unveils changes to senior management team
Philippine budget secretary Benjamin Diokno named as new central bank governor
Citi appoints Rajat Madhok as APAC head of Citi Commercial Bank

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ABF Priority Banking & Wealth Management Conference 2018 Event Photos
04 December 2018 | Shangri-La Hotel Singapore

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