News
Fed rate cuts may boost ASEAN fintech funding
Fed rate cuts may boost ASEAN fintech funding
Interest rate cuts and emerging tech are driving fintech growth.
Philippine banking assoc unveil new interest rate swap market
The central bank expects PESO IRS to boost transactions.
South Korean banks' income falls by 13.9% to $4.43b in Q3 2024
Return on assets stood at 0.65%.
FSA targets stablecoin regulation to bolster digital assets
Japan advances stablecoin regulation and AML efforts to support digital payments.
India’s central bank warns against deepfake videos involving governor
The videos claim that its governor supports investment schemes.
Fragmented systems hinder tech adoption in wealth management
Outdated technology limits wealth managers' services.
Japan Post Bank posts $1.44b net income for H1 FY2025/3
This is 22.3% higher than the H1 period in FY2024/3.
Stablecoin regulation likely to improve after US elections
Stablecoin adoption grows with enhanced tech and regulations.
SMFG reports $4.86b profit for H1 FY2024
Earnings per share (diluted) is JPY184.72 for the period.
Tokenisation enhances security by limiting credit card use
Cloud-based payments optimise resources during peak demand.
Cross-Border transactions complicate AML compliance for businesses
AI tools used to streamline AML processes and reduce false positives.
Morgan Stanley opens Southeast Asia headquarters in Singapore
It spans 107,000 sq ft across five floors.
AI drives 1500% growth in deepfake fraud across APAC
Sumsub integrates AI tools to combat deepfake threats and fraud networks.
Fraudsters use digital injections to bypass camera verifications
Deepfake software could create loopholes in identity systems.
SGQR+ simplifies payments with unified contract for merchants
It streamlines payment processes and improves reconciliation.
Hong Leong Bank blends digital innovation with human touch
Digital-first transformation used to meet modern customer demands.
Australia targets scams lifecycle with new prevention framework
The framework imposes obligations across digital platforms, banks, and telecoms.
Commentary
Embracing Change and Capturing Opportunities with Insights from Leading Chinese Banks