News
RCBC unveils banking services in a remote Philippine island
RCBC unveils banking services in a remote Philippine island
Inhabitants of Turtle Island will now have access to RCBC’s deposit and digital payment services.
Norinchukin Bank outlook negative amidst rising unrealized losses: Moody’s
The losses should reverse in 2024 as interest rates begin to decline, the ratings agency said.
JCB pilots central bank digital currency payment solution
The pilot aims to enable transfer of CBDC offline, and without the need to change POS terminals.
India’s commercial banks reports 17% higher net interest incomes
Banks also witnessed a 13.5% deposit growth for the quarter.
The Bank of East Asia builds data lakehouse for predicting trends, better CX
BEA will deploy a range of data analytics solutions from Google Cloud.
How banks can ensure customer safety in Gen AI adoption
Gen AI is expected to add up to US$340b in new value to banks. But obtaining a slice of this will not be an easy process.
Alipay+ daily transactions up 70% in H2
Partner wallets saw daily transaction volumes increased three-fold.
Alipay+ launches year-end sustainable travel campaign in Asia
Travelers will be rewarded for bringing their own toothbrushes, amongst others.
Taiwan reports over 37 million active credit cards in October
The average rate of delinquency was 0.2% by the end of the month.
South Korean banks’ total capital up 1.3% to $3.4b in Q3
Authorities warned of volatile financial markets.
Philippine banks sees lending go up by 7.1% in October
Loans for production activities rose during the month.
Bank of China HK uses e-CNY for $5.1m cross-boundary settlement
It's a stepping stone towards the normalization of e-CNY use amongst BOCHK's corporate customers.
JCB enables Korean payments for Smart Code merchants
This is expected to help the millions of yearly Korean visitors going to Japan.
Hang Seng Bank’s prime lending rate remains 5.875% per annum
Its deposit savings rate also remains unchanged.
Weekly Global News Wrap: JPMorgan Chase to open more branches; EU banks make record payouts
And Portugal’s Novo Banco reportedly exploring potential tie-up with WiZink.
Weak profits, structural challenges on the horizon for Bangladeshi banks
Weak lending standards and foreclosure laws will continue to drag down asset quality.
JPMorgan Chase eyes outsourcing Hong Kong, Taiwan custody business
The bank is reportedly in the process of selecting another bank to take over operations.
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