APAC

MDBs certain on new financing principles with Paris Agreement targets

The collection of technical papers showcases their strategies and plans correlating to the Paris Agreement.

HSBC plans to become top choice for VCs: report

It also plans to expand its focus to the Singapore market.

40% of APAC susceptible to scam, youth more vulnerable: Visa

The youth are 1.3 times more likely than older adults to have been victimised by scams.

Trust Is Key to Successful Digital Banking Services

Organisations in Singapore today understand that customers want convenience and a personal touch when interacting with them and utilising their services. This is especially true of the banking and insurance sectors.

Standard Chartered to cut jobs in Singapore, Hong Kong: report

The bank reportedly aims to save about $1.35b by 2024.

APAC real-time payments to grow 14% through 2027

Over 49 billion RTP transactions were made in APAC throughout 2022.

Alipay+ available to Asian tourists for Barcelona, Madrid Clarins purchases

About 60% of Clarins Spain shoppers are from Asian nationalities pre-pandemic.

Deutsche Bank announces two APAC M&A co-heads

The new appointees will report to the head of Investment Banking Coverage and Advisory, APAC.

Economic woes, higher rates weigh on Islamic banks’ financing growth

Indonesian banks may benefit from widening margins, however.

Visa taps seven APAC startups for digital payments innovation

Startup companies were chosen from India, Mainland China, Thailand, Singapore, and Germany.

Standard Chartered-FIS’ Worldpay to boost Straight2Bank Pay reach

This hopes to ramp up the bank’s functionalities to cater for businesses in Asia and other markets.

AT1 write-down ‘negligible’ to APAC banks, but should they still worry?

Analysts said APAC banks will suffer no direct impact from the Swiss bank but should keep an eye out on regulators.

Mastercard intensifies fraud protection measures for e-commerce sellers

About US$10.6b in fraud will potentially affect Asian merchants in 2023.

Acquisition of Citi’s ASEAN units to boost revenue: UOB

Total UOB cardholders in the region jumped 60% as of end-2022.

Amanda Lee named APAC head of third party manager solutions for Citi

All of Citi’s mutual fund sales team members in the region report to her.