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Australian banks' credit risk rises amidst high debt, economic uncertainty
Australian banks' credit risk rises amidst high debt, economic uncertainty
National Australia Bank reported an 8.1% decline in cash earnings.
Visa launches new products to boost flexibility, security in APAC
It also partnered with QR payment providers across the region for cross-border payments.Visa has introduced several new products and services aimed at enhancing payment flexibility and security in Asia Pacific.
State Bank of India taps SG-based APIX for fintech innovation platform
The platform will provide access to over 250 financial service APIs.
Deutsche Bank injects €571m to support India growth plans
It boosts the bank’s regulatory capital by 33% YoY.
DBS’ Q3 2024 net profit climbs 15% YoY
Total income rose 11% YoY.
e-CNY expansion may curb banking income: S&P Global Ratings
It could reduce expenses for companies and facilitate international payments.
OCBC, Ant International team up on tokenised deposits
It aims for real-time, around-the-clock cross-border payments between Singapore and Malaysia.
Standard Chartered and Wise Platform team up to enhance SC Remit
Through this partnership, users can send funds in 21 currencies.
AlixPartner names Una Ge as new HK partner and managing director
She was previously a partner at Deloitte China, focusing on cross-border restructuring.
Wise gains direct access to PH’s InstaPay and PhilPaSS Plus
This enables over 63% of all Wise transactions to be completed instantly, with an average fee of 0.62%.
Mastercard launches OTP-free online transaction
This ensures that payment credentials are not shared with third parties.
Maya Philippines rolls out new international payment service
The service allows foreign customers to pay in their home currency
Banque de France, MAS completed post-quantum cryptography trial
The technology aims to protect data from cybersecurity threats posed by quantum computing.
Client demands push banks toward frictionless experiences
Compliance, client expectations, and legacy tech challenge banks' 2025 goals.
Regulatory backing boosts LEI adoption in global payments
LEI expands from capital markets to payments, supply chains and ESG.
Convenience boosts high virtual bank adoption in Singapore, Hong Kong
Competitive rates and streamlined services drive digital banking popularity
Digital wallets evolve to super-apps post-pandemic
Rising demand for super-apps boosts digital wallet growth in Asia
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1. OCBC scales regional SME support with S$25b sustainable finance goal 2. ASIC scam takedowns jump 90% as Australians’ losses hit $2.18b 3. Standard Chartered unveils first-ever Global Fusion Centre in Malaysia 4. MUFG breaks ground on new HQ with 2030 target completion 5. Philippines cash holds 42% of POS payments despite e-wallet riseResource Center
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