News
SMBC Aviation Capital receives $445m settlement for terminated Russian contracts
SMBC Aviation Capital receives $445m settlement for terminated Russian contracts
SMBC expects to record equity gains of affiliated companies amounting to $250m.
NAB names Andrew Auerback as group exec for B&PM
Group chief risk officer Shaun Dooley will work as acting group CFO.
ANZ clinches Aussie gov’t support for Pacific operations
ANZ will invest $50m in its Pacific systems and enhance its digital bank offering.
Airwallex merchants can now accept Discover, Diners Club cards
Merchants in Australia, Europe, Hong Kong, Singapore, and the UK can accept these cards.
Citi names new co-heads for capital markets and advisory in ANZ
The appointments coincide with the retirement of Tony Osmond.
Standard Chartered unveils savings account for clients 55+ and above
It offers a 3% interest rate, and up to $50,000 protection from digital theft.
NETS names ex-DBS Tech COO as CEO of Banking Computer Services
Alex Woo will lead the Banking Computer Services Private Limited, a NETS’ subsidiary.
Bangkok Bank, Shell unveil prepaid card for Thai SMEs
They can use the preloaded card to pay for fuel at over 720 Shell service stations
Krungsri Bank launches online bill payment solution for Thai SMEs
SME merchants can accept payments via QR code.
MUFG acquires 9.98 million shares in JACCS
MUFG sees JACCS as a core company in its consumer finance strategy.
SMBC, Nomura to issue digital bond with new settlement scheme
They are also working on a proof of concept for settlement of securities using digital currency.
Alipay+ make up 80% of crossborder QR payments in DuitNow
Revenue from such payments are 6 times higher in 2024 than 2023.
AI needs better explainability to build decision-makers’ trust
Transparency and collaboration are key to meaningful AI adoption.
Taiwanese SME loans rise in January on more bank loans
Average NPL ratio is 0.03 ppt higher than a month earlier.
Taiwan’s credit card undue balance decline in January 2025
A total of 39.07 million cards were active during the month.
Nomura setting up fourth banking division
Regulatory authorities likely guided it to set up a separate banking division.
Philippine banks report “generally strong” loan growth in Q4
Some major banks’ saw dramatic rises in NPL ratios.
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1. Grab takes control of Indonesia’s Superbank via GXS transfer 2. More than half of Filipinos have financial accounts but few hold bank accounts 3. MAS backs Singapore's finance edge as global risks deepen 4. Digital wallets seize 65% of APAC payments 5. Hyundai Card debuts Apple Pay debit cardResource Center
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It is wading downstream from mortgages to lend to developers, hardware stores, and the likes.
Commentary
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Perth is emerging as an unlikely testbed for the future of global finance