News

Payment failures cost Singapore merchants $12b annually

Payment failures cost Singapore merchants $12b annually

APAC merchants lose an estimated $75b in transaction value due to payment inefficiencies.
3 hours ago

Taiwan card payments market set to hit $177.7b in 2026

The metro is set to accept contactless payments beginning July.
4 hours ago

Global banks face slower growth as rate gains fade

JPMorgan remained the revenue leader.
7 hours ago

CBA taps luxury label BEARE PARK to redesign frontline staff wardrobe

BEARE Park founder Gabrielle Pereira was a former banker herself, CBA said.
1 day ago

NAB names Connie Sokaris as group chief risk officer

Sokaris starts in her new role on 3 August 2026.
1 day ago

SMBC names Elaine He as co-head of DCM in APAC ex. Japan

Elaine He joins from Morgan Stanley, where she was head of APAC debt syndicate.
1 day ago

HSBC and HSBC Life sign Humansa MOU for HNW health planning

Longer lifespans are forcing HNWIs to rethink wealth succession and protection strategies, the bank said.
1 day ago

CBA onboards FIS to streamline reconciliations

FIS is expected to process over 150 million transactions per day for CBA.
1 day ago

CIMB nabs StanChart Malaysia chief as Singapore and Growth Markets CEO

He spent 15 years working in Singapore, focusing on mergers and acquisitions and leveraged finance.
4 days ago

OCBC NISP’s HSBC IWPD deal may see 48% AUM uplift: analyst

There is minimal overlap between the two banks’ customers.
4 days ago

Syfe hits $10b AUM as investors expand from US-only focus

It achieved group-wide profitability in Q4 2025.
4 days ago

OCBC Q1 profit rises 5% to $1.97b on fee gains

Net interest income fell, but wealth-led gains and higher fees lifted total income.
4 days ago

HSBC unveils invitation-only Privé World Legend Mastercard

A Mastercard-exclusive dining club will launch at the Hong Kong International Airport later in 2026.
5 days ago

Manappuram banks on gold for growth but target "aggressive": CreditSights

Gold lifted loans in both its parent firm and microfinance industry.
5 days ago

Hong Kong’s Mox achieves breakeven in Q1, unveils wealth platform

Mox+ offers preferential FX pricing, enhanced deposit rates, and early access to new products.
5 days ago

UOB's Q1 profit down 4% to $1.1b on lower fee and interest income

Trading and investment income also fell 13% compared to Q1 2025.
5 days ago

CIMB's Thai auto sale frees $331.21m and improves profitability

CIMB Thai has been a drag to its parent company.
5 days ago