News
Citi launches Citi Digital Bill to speed up monetization of receivables
Citi launches Citi Digital Bill to speed up monetization of receivables
CDB enables parties to sign, accept, endorse, and finance a digital bill.
Immediate settlements drive e-commerce scalability worldwide
Most countries are looking at implementing real time payment clearing systems.
Correspondent banks raise costs in cross-border payments
Inefficiencies in cost, speed, and data standards hinder global payment processes.
Merchants demand quicker access to payments in APAC
Real-time payments and mobile wallets drive faster transaction processing for businesses and consumers.
Insurance firms prioritise speed in reconciliation processes
Speed and cost efficiency drive adoption of reconciliation solutions.
ZA Bank debuts business banking referral programme
Users can invite companies to register and get a HK$288 cash reward.
Singapore, Italy kick off program showcasing 6 Italian fintechs
The startups get 1-to-1 pitching sessions with investors, amongst others.
MAS and IMDA to implement new framework against phishing scams
The new framework will take effect on 16 December.
HSBC unveils invitation-only credit card for ultra wealthy clients
It debuted in Hong Kong and will launch in Singapore and India next.
Siam Commercial Bank unveils cross-border payments using stablecoin
Stablecoins will be used for settlements of payments and remittances.
PH central bank, German banknote printer ink MOU for payments and currency mgmt
They will research digital payments and banknote substrate.
foodpanda and Fiserv launch e-commerce payments processor
It will first roll out in Singapore and Hong Kong.
Banks’ profitability to decline in 2025 as interest margins narrow
Commercial banks may cut personnel, and regulators may prioritize stability over staff retention in M&As.
Techcombank logs 25.58% higher net profit in Q3
Net interest income rose, but fee and commission income were lower.
Volume of transactions drives financial crime compliance costs
Manual intervention and regulatory complexity also contributes to compliance expenses.
Lower provisions drive up Kiatnakin Phatra Bank’s net profits in Q3
Provisions were 59% year-on-year lower.
TMBThanachart Bank sees 11% net profit growth in Q3
Net interest margin (NIM) may rise 4 basis points after a central bank rate cut.
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1. ANZ ex-CEO Shayne Elliot sues the bank 2. Thailand backs major conglomerates for digital banks but risks stifling innovation 3. KPay, Global Payments launch ‘Tap to Pay on iPhone’ service 4. Jenius partners with Zurich on in app travel insurance offering 5. Wholesale lending to lift Indonesian banks’ loan growthResource Center
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Event News
Asian Banking & Finance Fintech Awards 2025 Winner: Bhagavi Sridharan of Aditya Birla Capital Digital
Bhagavi Sridharan explains how the ABCD app offers a seamless, unified experience across diverse financial products.
Commentary
Thailand backs major conglomerates for digital banks but risks stifling innovation