In Focus

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'.

China's stance may be concerning today, but won't affect the global industry in the long run.

These banks face new capital and regulatory requirements.

Delayed goals and actions would hurt banks’ asset and loan quality in the future.

For smaller players, this may be their best bet to protect their assets.

It’s a mixed bag for most SEA markets, but regulator support illuminates the future of open banking.

The extension is a positive for their asset quality and profits, but credit costs will remain elevated.

Digital lenders are currently at a loss-making and some may fold over the next few years.