News
Bank of America’s CashPro app set to hit $1t in payment approvals
Bank of America’s CashPro app set to hit $1t in payment approvals
The platform is reportedly used by around 40,000 companies globally.
Chinese banks set up offices at Dubai International Financial Centre
About 8 banks from China now have locations in the financial centre.
ING names James Haines as Japan country manager
Haines was a general manager and deputy group head at Aozora Bank.
VCs invest $31.1b in fintech companies in 2024
Enterprise software companies and health companies got the most investments.
National Bank of Cambodia, Mastercard team up to launch Bakong Tourists App
Tourists can top up their account by linking it to their Mastercard.
Hong Kong central bank warns against unauthorized finance firm
The firm reportedly does not have authorization to take deposits.
7 in 10 Singaporeans financially struggle with partners: survey
Couples identified unexpected expenses as a leading cause of stress.
Vietnam, Cambodia to strengthen ties in central bank management
Both parties also reaffirmed their commitment to connect retail payments using QR codes.
SEA, Japanese banks vie for Panin Bank’s state: report
OCBC and CIMB are interested, whilst Maybank is exploring a potential bid, according to sources.
Weekly Global News Wrap: China, HK regulators to boost offshore listings, Crédit Agricole to raise stake in Banco BPM
And Google Payment Corp. is under federal supervision over risks to consumers.
China’s new yuan loans to have almost doubled in Nov: report
Banks are estimated to have issued $136.02b in new yuan loans.
South Korea to implement KOFR in derivatives market in 2025
Target share is 10% in 2025, and 50% in 2030.
Multiagent systems as key to AI-first banking: analysts
If implemented well, banks can see up to 60% productivity gains from credit analysts.
BEA saves 553,000 hours in processing time with UiPath
The bank has 77 attended automations as of December 2024.
HKMA adds new spatial dataset via Open API
It includes details on five types of self-service banking machines of 20 retail banks.
HSBC India launches premium credit card for private banking clients
Wealthy cardholders in India increased their credit card spending by 87% in 2023.
DBS names new Singapore country head, group head of IBG
Han Kwee Juan and Lin Him Chuan will take over their new roles on 1 Jan 2025.
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