News

BSN eyes retail and gold to push beyond mortgage-heavy roots

BSN eyes retail and gold to push beyond mortgage-heavy roots

It is wading downstream from mortgages to lend to developers, hardware stores, and the likes.
4 hours ago

SMFG logs record profit of $10.02b in FY3/2026

The Japanese megabank aims for a $10.7b net profit for FY3/2027.
4 hours ago

SMFG launches shareholder benefit program ahead of 2-for-1 stock split

They will be granted up to JPY30,000 worth of rewards points, amongst other perks.
4 hours ago

Raise Financial acquires GILB in $15m bet to build direct insurance platform

Raise said that it has received all required regulatory approvals to acquire GIBL.
8 hours ago

Insurance growth strains trust at claims stage

Claims delays reshape customer loyalty patterns in Indonesia insurance sector.
23 hours ago

Indonesia's financial sector urged to shift from expansion to resilience

The country’s 5% growth is no longer a green light for risk-taking, an economist warns.
1 day ago

Citi targets APAC insurance investments with new senior hires

They have poached two BofA bankers to help lead its FIG group.
1 day ago

Banks and insurers must chase AI value creation, not cost savings

They should consider AI as an operating system by itself, not whether it can write them a system.
1 day ago

Margin pressure forces banks off board-rate deposit pricing

Deposit pricing strategies shift as competition tightens funding conditions.
1 day ago

Insurers told tech alone won’t solve rising complexity in Indonesia

Indonesia’s insurance penetration remains low at 2.72% despite rapid AI adoption.
1 day ago

Indonesian banks pursue SMEs, emerging affluent in fintech battle

Financial institutions are bracing for the ‘invisible banking' era.
1 day ago

Why channel reliability trumps promotions in Indonesia's bank loyalty war

Consumers don't want e-channels that are constantly down or lags.
1 day ago

Indonesia finance firms face narrowing window to monetise AI, BCG says

Financial institutions are entering a new AI-driven “intelligence war” focused on products and operations.
1 day ago

HSBC Singapore adds health perks for Premier clients via IHH, Raffles Medical

They will receive access to IHH’s Parkway Shenton app and Raffles Medical’s MediWellness facilities.
1 day ago

Philippine bank lending accelerates to 10.7% in March on business demand

Consumer loans grew at a slightly slower pace on less motor vehicle and salary loans.
1 day ago

Payment failures cost Singapore merchants $12b annually

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