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Nine in 10 investors do not trust AI for investment decisions
Nine in 10 investors do not trust AI for investment decisions
Banks can respond by moving toward a hybrid advisory model.
6 days ago
JCB and Resona target hands-free bus payments in Japan
They plan to roll out UWB payments requiring no tapping or scanning.
6 days ago
Philippine bank loans rise 12.1% in May despite softer card and auto loans
Loans for manufacturing and trade activities rose during the month.
6 days ago
Metrobank cuts InstaPay and PESONet fees to zero
The BSP earlier directed local banks to bring interbank transfer fees closer to zero.
6 days ago
Hyundai Card completes cross-border stablecoin transfer in 7 minutes
The proof of concept converted $20,000 to USDT and back.
6 days ago
National Australia Bank insurance app cuts bushfire risk to 1.5%
Customers can use the free rating tool to identify property upgrades before the fire season.
Philippine central bank welcomes banks' move to cut fund transfer fees
An earlier circular directed banks to bring interbank transfer fees to zero.
Alipay links AI agent to 30 million Tap! devices
Merchant can talk to “Xiaoyu” and receive an analysis of their operations.
China bank assets grow 8% in Q1 despite rise in bad loans
Assets of large commercial banks grew faster than that of join-stock commercial banks.
China CITIC Bank Int'l completes first Hong Kong gold clearing trades
It is amongst financial institutions who are first to participate in the system.
Industrialising AI pilots is insurers’ next enterprise test
Prudentials Mohit Tandon said usage is now the million-dollar question.
UOB and ANTA sign MOU for cardholder discounts
The emerging affluent and affluent segments can expect exclusive offers.
Ujjivan Small Finance Bank rolls out mutual fund distribution services
It is available multi-channel such as via internet banking and mobile banking.
MUFG and JCB to offer card products for ASEAN’s affluent market
Their cards will offer exclusive benefits in Japan, with deposit and investment services.
AhaPay and DirectD to offer BNPL to Malaysian tech shoppers
Malaysia has about 7.5 million active BNPL users, according to official data.
SCB rolls out 24/7 USD clearing in Thailand with Citi Token Services
Settlement is near instant, according to SCB.
HSBC appoints Nick Elias to lead wealth AI push
Elias will helm HSBC’s Wealth Transformation Programme.
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1. Nine in 10 investors do not trust AI for investment decisions 2. HSBC pilots digital structured product issuance in Hong Kong 3. Bank of Singapore expands CIO advisory council with PIMCO and KKR picks 4. Trust Bank brings UK UCITS ETFs to Singapore investors 5. Hang Seng Bank joins Alipay+ networkResource Center
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Banks can respond by moving toward a hybrid advisory model.
Commentary
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Asia is leading payments modernisation and banks can't afford to fall behind
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