News
Taiwan’s First Commercial Bank boasts sound asset quality but property risks abound
Taiwan’s First Commercial Bank boasts sound asset quality but property risks abound
It should be able to mitigate these risks with its conservative LTV ratio and solid economic conditions.
OCBC cross-border QR payments to quadruple in 2024 on China tourist wave
The bank anticipates 250,000 cross-border QR payments this year.
Asian banks struggle with less liquidity amidst global slowdown
Shifting economies and interest rates shape the banking landscape.
Non-cash payment transactions in Vietnam up by 63%
Fintech is boosting MSMEs in Vietnam.
Weekly Global News Wrap: HSBC may receive just $21.7m from Russia sale; 282 US banks at risk
And Japan’s small businesses, homeowners brace for life after the interest rate policy shift.
Maybank inks MOU with fintech Doxa for supply chain financing
Services include digitisation of documents and other payment solutions.
Mobile tap payments produces least carbon emissions vs cash and ATMs: study
ATMs make up a bulk of carbon emissions, at 7.14g CO2e per transaction.
Standard Chartered HK’s priority banking clients doubled in 2023
Overseas spending from priority clients have increased 2.5 times last year, SCHK said.
Chart of the Week: 2 in 3 e-commerce transactions in China use alternative payments
Alternative payments make up 67% of the market share.
Hong Kong’s wealthy plan to spend HK$870,000 in 2024 travels
Tokyo is their top destination of choice.
Ransomware threats to banks escalate to 64%
Security breach costs trust for banks and customers.
Malaysia’s GX Bank outlines brand purpose of financial inclusion and literacy
It focuses on individuals with a median household income of RM3,000 and gig workers.
Japan banks clinch $1.98b boost in interest income after policy shift
But a rise in deposit rates presents risks, analysts warned.
South Korean banks’ bad loans climb 0.47% in December
This reflects a significant increase compared to the previous year.
BOCHK warns against phishing website threat
The said site intends to steal customers’ sensitive data.
CIMB Securities appoints Stephen Hagger as independent chairperson
It also welcomed three new directors to its board.
BSP says ‘Currency Computing Mining Machines’ not under its purview
The Philippine central bank also warned against SKPOOLS MINING CORPORATION.
The Philippine central bank has warned the public against “Currency Computing Mining Machines”, saying that these are not within its purview.
Commentary
Show, don’t tell: Asian banks need to prove simplification works – here’s how
What kids without wallets can teach us about the future of finance
What is best practice when setting up an in-house bank?
How technology and regulation are reshaping the lending landscape