News

Centralised AI models propel financial institutions' success

Financial sectors see major benefits from centralised AI strategies, though future shifts are anticipated.
14 hours ago

Centralised AI models propel financial institutions' success

Financial sectors see major benefits from centralised AI strategies, though future shifts are anticipated.
14 hours ago

China banking focuses on credit structure optimisation

PwC said the sector needs to continue to implement strategic initiatives.
19 hours ago

Overseas expansion impacts Korean banks’ OE score

Despite Korea's high GDP per capita, the current level suggests there's still room for improvement.
20 hours ago

Nium, Thredd expand virtual card partnership

The two fintech companies have issued 86 million virtual cards worldwide.
21 hours ago

South Korean banks’ loan delinquency rate rise in February

Corporate, SME, and household loans all saw their delinquency rates rise.
1 day ago

APAC finance professionals more confident on economy but talent risks rise

US economy resilience and improvements in China and Japan propped up their confidence.
1 day ago

PH’s BillEase clinched $5m investment from Credit Saison lending arm

BillEase has achieved profitability in 2023 and delivered 47% return on equity.
1 day ago

VPBank’s asset quality at risk amidst housing slowdown

About 1 in 5 of its loans are real estate loans.
1 day ago

Funding Societies, SGeBIZ to offer embedded finance solution for SG businesses

The solution aims to help businesses manage their cash flow.
1 day ago

Bank of Singapore HK names ex-chief of Credit Suisse HK as its new chief executive

Rickie Chan succeeds Cindy Wong, who will serve as advisor until 31 May.
1 day ago

Deutsche Bank cuts 10 private banking roles in Asia: report

The bank has cut about 60 roles in Singapore and Hong Kong over the past year.
2 days ago

Deutsche Bank appointed by Euroclear as cash settlement and forex bank in Korea

It involves bond activities for Korea Treasury Bonds and Monetary Stabilization Bonds.
2 days ago

StanChart joins Visa’s B2B Connect to enhance cross-border payments

It aims to facilitate faster and more cost-effective business-to-business (B2B).
2 days ago

Hong Kong’s Mox Bank one of fastest growing digital banks worldwide

Mox has the 7th largest credit card book in the city and has 550,000 customers.
2 days ago

DCS Card Centre, E6 launch credit card issuing solution for fintechs

The service will be first rolled out in Singapore.
2 days ago

Thailand’s Kiatnakin Phatra Bank’s loan portfolio to benefit from rising car prices

Used cars make up 62% of the bank’s hire purchase loans.
2 days ago

Thailand’s TMBThanachart Bank eyes higher dividend payouts in 2024: analyst

The bank’s net profits rose 24% in Q1 compared to a year ago.
2 days ago