Asian Banking & Finance

Is Hong Kong’s role as offshore financial center under threat?
Inflows from Mainland China will support the city, but issues are challenging this role.
BRImo superapp offers digital account opening for Bank Raya
The gig economy-focused digital bank now has over 700,000 users.
Australian regulator revokes Citigroup’s banking license
This follows after CPL’s consumer banking business was acquired by NAB.
Dah Sing Bank approved to open new Shenzhen Branch
Establishment of the new branch is slated for early 2023.
HK businesses see 50% increase of bad debt write-offs: study
Almost half of the total value of business-to-business invoices was overdue.
HSBC renews bancassurance partnership with Allianz
It will cover six markets, with HSBC and Allianz offering life and non-life products.
DBS raises fixed home loan rate, scraps 5-year fixed package: report
The new rate is 0.03 percentage points higher than the previous 2-year fixed rate.
Bank of China HK, Mastercard launch eco-friendly BOC Chill Card
The card offers up to 10% cash rebate and Pay Later options.
Taiwan’s B2B sector sees bad debt triple
The local chemicals industry has as high as 12% of B2B debt turning sour.
South Korea’s kakaobank “most recommended” retail bank in APAC: survey
Indonesia’s BCA and StanChart Taiwan also topped the list.
ESG, Sustainability, AI, and NFTs discussed at ABF Summit 2022
Financial service institutions are hurtling towards a new frontier in the financial industry, navigating drastic changes in regulations and customer demand, new sustainability-related risks, and intensifying competition. And in order to thrive, FSIs must embrace the new, from emerging technologies that enable more personalized customer experiences to collaborating with the disruptors.
BCG, ServiceNow, Collinson & HomeCredit on why lenders have zoned in on monitoring technology, loyalty as key to future of industry
Technology is very much one if not the most  influential factor rapidly transforming the financial services industry, with decentralized finance and buy now pay later being key focus areas, according to the analysts and market leaders taking part in the first panel of the Asian Banking & Finance Summit 2022.
Malaysia’s Fynance launch pay later services for corporates
Users can gradually replay in flexible installments.
Banks’ tech risks intensifies as digitization ramps up: Fitch
Tech failures will have significant reputational and regulatory consequences for banks.

Join the Asian Banking & Finance community

Exclusives

Exclusives

Banking Technology Why LINE Bank chose Indonesia as its third home
After successful launches in Thailand and Taiwan, LINE is going steady in Indonesia.
Cards & Payments Alternative payments dominate Asia as credit card use dwindles
BNPL may not be the plastic killer everyone touts it to be, but it's attracting underserved customers.
Why this SG-based fintech firm is ending the pen-and-paper era of financial advisors
GoalsMapper used its cloud-based platform to help financial advisors support 80,000 clients.
Retail Banking How Citi’s hiring spree sets into motion its $150b new AUM goal by 2025
The bank looks to hire 1,500 new employees in Singapore alone and triple AUM.
Retail Banking Hong Kong banks face ‘brain drain’ as talents flee amidst strict travel restrictions 
More expats may leave with their families when the school year ends mid-2022.
Branch Banking OCBC NISP transforms its branch into a financial fitness gym
This is the bank’s way to instill the “FinanciallyFit first, CrazyRich later” mindset to the younger generation.
Markets Supporting multinationals to uncover ambitions in Asia 
Citi views sustainable financing as both a mandate and an opportunity to partner clients in their ESG journey.

Top News

Is Hong Kong’s role as offshore financial center under threat?
Inflows from Mainland China will support the city, but issues are challenging this role.
BRImo superapp offers digital account opening for Bank Raya
The gig economy-focused digital bank now has over 700,000 users.
Australian regulator revokes Citigroup’s banking license
This follows after CPL’s consumer banking business was acquired by NAB.
Dah Sing Bank approved to open new Shenzhen Branch
Establishment of the new branch is slated for early 2023.
HK businesses see 50% increase of bad debt write-offs: study
Almost half of the total value of business-to-business invoices was overdue.
HSBC renews bancassurance partnership with Allianz
It will cover six markets, with HSBC and Allianz offering life and non-life products.
DBS raises fixed home loan rate, scraps 5-year fixed package: report
The new rate is 0.03 percentage points higher than the previous 2-year fixed rate.
Bank of China HK, Mastercard launch eco-friendly BOC Chill Card
The card offers up to 10% cash rebate and Pay Later options.
Taiwan’s B2B sector sees bad debt triple
The local chemicals industry has as high as 12% of B2B debt turning sour.
South Korea’s kakaobank “most recommended” retail bank in APAC: survey
Indonesia’s BCA and StanChart Taiwan also topped the list.
ESG, Sustainability, AI, and NFTs discussed at ABF Summit 2022
Financial service institutions are hurtling towards a new frontier in the financial industry, navigating drastic changes in regulations and customer demand, new sustainability-related risks, and intensifying competition. And in order to thrive, FSIs must embrace the new, from emerging technologies that enable more personalized customer experiences to collaborating with the disruptors.
BCG, ServiceNow, Collinson & HomeCredit on why lenders have zoned in on monitoring technology, loyalty as key to future of industry
Technology is very much one if not the most  influential factor rapidly transforming the financial services industry, with decentralized finance and buy now pay later being key focus areas, according to the analysts and market leaders taking part in the first panel of the Asian Banking & Finance Summit 2022.
Malaysia’s Fynance launch pay later services for corporates
Users can gradually replay in flexible installments.
Banks’ tech risks intensifies as digitization ramps up: Fitch
Tech failures will have significant reputational and regulatory consequences for banks.

Exclusives

Banking Technology Why LINE Bank chose Indonesia as its third home
After successful launches in Thailand and Taiwan, LINE is going steady in Indonesia.
Cards & Payments Alternative payments dominate Asia as credit card use dwindles
BNPL may not be the plastic killer everyone touts it to be, but it's attracting underserved customers.
Why this SG-based fintech firm is ending the pen-and-paper era of financial advisors
GoalsMapper used its cloud-based platform to help financial advisors support 80,000 clients.
Retail Banking How Citi’s hiring spree sets into motion its $150b new AUM goal by 2025
The bank looks to hire 1,500 new employees in Singapore alone and triple AUM.
Retail Banking Hong Kong banks face ‘brain drain’ as talents flee amidst strict travel restrictions 
More expats may leave with their families when the school year ends mid-2022.
Branch Banking OCBC NISP transforms its branch into a financial fitness gym
This is the bank’s way to instill the “FinanciallyFit first, CrazyRich later” mindset to the younger generation.
Markets Supporting multinationals to uncover ambitions in Asia 
Citi views sustainable financing as both a mandate and an opportunity to partner clients in their ESG journey.

Join the Asian Banking & Finance community