News
Digital wealth advisory Endowus introduces OTP verification
Digital wealth advisory Endowus introduces OTP verification
There’s also a Whatsapp OTP verification for customers logging in overseas.
HSBC Singapore unveil entertainment platform for Premier Mastercard clients
It offers preferential and exclusive access to certain shows.
Debt consolidation top reason why SG platform workers get loans
Their borrowing behavior shows that they lean on financing to bridge essentia lexpenses.
Metrobank’s net profit up 14% in 2024 on higher loans and deposits
Its pre-provisioning operating profit fell 11%, however.
New Zealand’s central bank governor resigns
Christian Hawkesby will serve as acting governor until 31 March 2025.
South Korea’s industrial lending up $2.27b in Q4 2024
Loans to working capital fell but rose for facilities investment.
Siam Commercial Bank unveils online gold trading service
It offers real-time transactions starting at 0.1 troy ounces.
Finance workers expose data by using personal apps: report
ChatGPT ranked 8th amongst the most common platforms for such violations.
Taiwanese banks’ total outstanding loans rise to $11.89b in Jan
The NPL ratio rose to 0.16% and NPL coverage ratio fell.
DBS CEO Piyush Gupta earned $17.58m in 2024
About $9.35m of this is a deferred award, of which 17.1% will be in cash.
Razorpay rolls out payments platform to Singapore
It offers AI agents and a magic check-out service.
Australia’s G&C, Unity Bank officially merge
G&C will maintain a strong capital position but faces integration risks, S&P said.
Hong Kong’s uFinance offers student loans to college students
They can borrow up to $21,050 per semester, at an interest rate of 6%.
Philippine bank lending rises on higher credit card, motor loan demand
Lending to key industries such as real estate and retail trade also rose.
Citi appoints Rob Chan as head of ECM Syndicate for Asia
Chan has been with Citi for 22 years.
Citi Indonesia names Wit Oemar as head of corporate banking
He is one of the founding members of Citi Commercial Bank in Indonesia.
Proposed capital injection to help Chinese megabanks expand loans
It will mitigate pressure from weakening internal capital generation, S&P said.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB pledges S$2.98b to support Johor-Singapore SEZ 3. DBS and OCBC expected to report lower margin in Q1 on SORA easing 4. Union Bank of the Philippines ‘aggressive’ growth strategy brings more problem loans 5. Bank of America appoints Phil Carmalt as head of APAC GPSResource Center
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Compliance and legacy systems stall B2B payment shift
Retail drives digital payments as B2B adoption lags.
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The Asian connection: China's path to sustainable growth