Asian Banking & Finance

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DCS expands into Web3 payments with new platform
 "https://vimeo.com/1099911658"
DCS expands into Web3 payments with new platform
Move from card issuer to full-stack enabler marks shift toward embedded finance.
Australia court upholds five claims against Mayfair 101 head
Australia court upholds five claims against Mayfair 101 head
Mayfair 101 made multiple false and misleading representations in marketing some of its products.
Taiwan credit card balances edge down in May
Taiwan credit card balances edge down in May
The balance of revolving credit and undue balance of installment both fell.
Bank of Singapore unveils new asset allocation framework
Bank of Singapore unveils new asset allocation framework
It promotes diversification and focuses on minimising loss in the worst-case scenarios.
Krungthai Bank to perform ATM system maintenance
Krungthai Bank to perform ATM system maintenance
ATM and ATM+ services won’t be available on certain dates and times in July.
Hong Kong says Chong Sing Heritage Trust an unauthorized bank
Hong Kong says Chong Sing Heritage Trust an unauthorized bank
The bank does not have authorization to carry a banking business in Hong Kong.

Exclusives

Banks, insurers rethink app strategy to solve real user problems
OCBC, Astra Life, BTN, and ACA prioritise utility and relevance over super app ambitions.
Banking Technology Stablecoins bill brings stricter oversight, opportunity to Hong Kong
The digital tokens could support cross-border payments and smart escrow.
Investment Banking Chinese megabanks cement nation’s economic prowess
Banks in China dominated S&P Global Market Intelligence’s top 50 lenders in the region.
Islamic Banking Islamic banking gains global appeal
State support, population trends, and ethical investing are spurring the demand.
Wealth Management Citi Singapore almost triples wealth transactions after digital revamp
Four of five clients use the bank’s mobile app regularly. 
Banking Technology Singapore's banks leave more jobs unfilled as hiring slows
For every two people who resign, only one post gets replaced.
SWIFT cites high cost of splintered financial world
Many digital payment platforms remain disconnected from each other.

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