News
Open banking users to rise threefold through 2029
Open banking users to rise threefold through 2029
It is estimated that there are 183 million open banking users in 2025.
NAB expands weekend access to Chadstone branch
The Australian bank has invested A$38m in renovating and upgrading its branches.
Westpac names Carolyn McCann as acting chief exec for its consumer division
The Australian Bank is doing an external search to fill the role permanently.
Bank Central Asia’s net profit up 9.8% to IDR14.1t
Double digit loan growth and net interest margin expansion helped push profits up.
Citi’s Corporate and Investment Banking sees 84% rise in M&A fees
It captured 5% of the global investment banking wallet share in Q1.
SG banks to report mixed NIM, strong wealth and trade income for Q1
NIMs for the quarter may be flat to declining quarter-on-quarter.
Majority of Philippine banks maintain loan standards in Q1
Over 8 in 10 banks anticipate maintaining loan standards in Q2 2025.
Cambodia and Japan enable QR code payments between the two countries
Bakong system users can pay using JPQR, and Japanese users can eventually pay through the KHQR.
CIMB Philippines says fund transfer issue ‘resolved’
All affected customers have had their funds returned, the bank said
Bangkok Bank, The Mall Group launch campaign to expand co-branded card customer base
They also plan to develop new products aimed for foreign tourists, especially those from China.
Eight financial institutions defaulted in 2024: S&P
Majority are NBFIs, and most are located in the Americas.
BSP ‘closely coordinating’ with CIMB to resolve unauthorized fund transfers
The BSP said that it will continue to monitor the issue until it is fully resolved.
Citi names Goldman Sachs banker as head of markets solutions in Asia South & North
Chan spent 10 years as head of FICC and equity distribution for SEA at GS.
Revolut Singapore hits first year of net profitability in 2024
Annual revenue rose 70% YoY and profit margin is 15%, it said.
Uno Digital Bank enhances lending with new loan management system
It reportedly reduces manual lending processes and supports multichannel disbursements.
Standard Chartered names Andrea Casati as head of client dev’t for global banking
Casati will be based in Hong Kong.
HSBC Singapore unveils wealth centre at The Star Vista mall
Premier customers can enjoy complimentary refreshments at the adjacent café.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
