News
Mortgage loans approval increases 2.4% MoM in April
Mortgage loans approval increases 2.4% MoM in April
The number of mortgage applications decreased by 7.8% MoM.
3 days ago
Visa launches AI-powered commerce initiative
It is working with Ant Int’l, Grab, and Tencent to enable an AI-powered checkout experience.
3 days ago
Citi nabs BofA banker to lead Chinese banking operations
Wenjie Zhang will join Citibank (China) in July 2025.
3 days ago
SCB, CardX to share credit limit info for credit card applications
The policy is effective 1 June 2025.
3 days ago
Malaysia’s household loans steady at 6% in April
The banking system recorded healthy liquidity buffers, the central bank said.
3 days ago
Credit card, production drive Philippine bank lending growth in April
Loans to non-residents declined at a faster rate.
3 days ago
Natixis CIB names Aurélia Vo Dinh as new APAC head of ASF
Vo Dinh brings 20 years of investment banking experience in her new role.
3 days ago
CIMB’s net profits up 1.9% to MYR 1.97b in Q1 2025
Operating income and non-interest income both contracted.
6 days ago
Gen Zers spur banking reinvention
Young consumers are changing financial norms and expectations.
6 days ago
Registry eyed to bridge Vietnam’s $90b trade finance gap
It is expected to boost small importers and exporters’ access to bank credit.
6 days ago
HSBC Malaysia penalized $690,000 for customer screening non-compliance
Customers were reportedly onboarded without proper sanctions screening.
6 days ago
HKMA, HKUST Business School ink MoU for applied cybersecurity research
They will explore supervisory tech and regulatory tech.
6 days ago
Malaysia fines Maybank Islamic for info submission lapses
The bank’s failure to ensure info was submitted led to three borrowers’ credit records being impacted.
6 days ago
Indonesian and French central banks ink MOU on central banking cooperation
They will hold policy dialogues, joint studies or research, and data and information exchange.
6 days ago
PAObank names Ronald Iu as chief executive
Iu has previously served as chief executive of two other digital banks in Hong Kong.
6 days ago
Malaysia fines two banks for non-compliance with AML/ CFT requirements
BPMB reportedly did not properly screen existing customers for risk.
6 days ago
Weekly Global News Wrap: UniCredit doubles stake in Alpha; US banks eye crypto
And the American banking industry reported $70.6b in profits for Q1 2025.
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1. Hang Seng unveils MTR Jordan Station Retail Banking Centre 2. Malaysia fines Maybank Islamic for info submission lapses 3. Malaysia fines two banks for non-compliance with AML/ CFT requirements 4. HSBC Malaysia penalized $690,000 for customer screening non-compliance 5. HSBC, Allianz Life launch wealth growth and life protection plan in MalaysiaResource Center
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
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Young Malaysians, big money mistakes: What’s going wrong with Islamic financial behaviour?