In Focus
Why Singaporeans are okay with locking away over $4b of their money
Why Singaporeans are okay with locking away over $4b of their money
Customers can only access ‘locked’ money with a physical card or by visiting a branch.
Investor demand for China’s wealth management product still muted
Balance may grow in 2024, according to Fitch Ratings.
UOB’s Christine Ip reflects on 3-decade banking career and circling back to the arts
Ip believes that finance and creativity go hand-in-hand in building a holistic pool of talents in UOB.
StanChart's Maisie Chong on never saying no to seizing opportunities, paying it forward
Chong shares the joy of finding greater satisfaction and fulfilment through the course of work.
OCBC’s Mayda Lim in building the next pipeline of tech, banking talent
Lim weaves the need to support women bankers with the wider talent shortage in the industry.
Hong Kong’s total loans, deposits fall in January
This reflects fund outflows from corporates, says the Hong Kong Monetary Authority.
Loan rate cut weighs on Chinese banks’ interest margins, profits
China Construction Bank, ICBC, and CITIC Bank will be most negatively affected.
Number of fintechs in SEA to double by 2027
Singapore will have 867 fintechs for every 1 million people, UnaFinancial said.
How HomePay is combating renovation scams in Singapore
Money is put in an escrow account and disbursed when milestones are reached.
Hong Kong’s credit card issuers advised to seek more merchant deals
Most issuers focus more on onboarding card users, the study found.
UBC Chairman Nirvana Chaudhary aims for Top 5 spot in Sri Lanka’s banking sector
He says collaborations are key to driving the Union Bank of Colombo to the top.
Embedded finance, partnerships to shape future of SEA fintechs
Digital payments, WealthTechs, and cryptocurrency are also slated for growth.
Commercial property woes weigh on Hong Kong banks
But receding risks in mainland China properties will help offset impact, says Fitch.
Mastercard's Matthew Driver on how AI can boost loyalty programs, regulatory compliance
Organisations must realize that not everything is black and white and adjust accordingly.
DBS, OCBC to log higher net profits, muted loan growth for Q4: analyst
DBS may hike its quarterly dividend by 6 cents to return surplus capital.
Thailand lays out measures to ease household debt crisis
Over 10 million Thai debtors are said to be facing repayment problems.
Zhongzhi bankruptcy amplify contagion risks of non-bank wealth management products: analyst
Shadow bank Zhongzhi filed for bankruptcy in January 2024.
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Commentary
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