In Focus

Similar to its namesake, the platform is now the backbone of the country’s digital payments system.

Impact on the financial market will ultimately depend on how events will unfold in the coming days.

The members-only exchange is one of the world’s first bank-backed digital exchanges.

BRIBrain has helped the bank reduce loan application times from 2 weeks to 2 minutes

Profits are expected to strengthen throughout the year as the economy recovers.

Survey respondents also saw Hong Kong as a gateway to mainland China.

The impact on mortgage loans will not be felt until January 2023.

It is expected to add S$1b in profits annually, with earnings accretive beginning 2023.

With its reorganisation, the group plans to expand to a customer base of 200 million.

If authorities remove the “execution-only” restriction in WM Connect, money flows in the channel could grow ten times bigger than the $22.5b quota, says EY’s Christine Lin.

The desk opens Singapore to mid-sized Chinese firms seeking to penetrate ASEAN.

They are amongst the first bank in the city to roll-out buy now, pay later services.

The bank seeks to help address the energy crisis and rising electricity costs, says UOB’s Jasper Wong.

All three banks’ profits jumped over 60% for the first six months of the current fiscal year.

Funding to investment tech and cryptocurrency firms grew by over 5x since 2020.

This is part of HKMA's initiative to 'push all banks to go fintech'.