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Chart of the Week: 1 in 3 online transaction in Australia use alt payments
Chart of the Week: 1 in 3 online transaction in Australia use alt payments
The e-commerce market will be worth $51b in 2023, according to GlobalData.
Weekly Global News Wrap: UBS shoulders US$388m payment over CS’s Archegos ties; UK to meet with banks on account closures
US authorities tell banks to fix inaccurate financial statements.
Mizuho Bank highlights innovation in new corporate tagline
It comes after the Japanese megabank launches its new medium-term business plan.
Thai regulator warns of weakening debt serviceability, bond market
Slower-than-expected income recovery and rising cost of living are hitting households.
GoTyme makes a splash in digital banking in the Philippines
Co-CEO Albert Tinio shares how mobile apps, digital kiosks and partnership with Robinson Group aided GoTyme Bank’s successful entry into the market.
Public Bank enhances security measures against scams
This warning goes on the back of a recent social media scam that promoted small-interest loans.
Bangkok Bank’s net profits surge by 52.2% in H1
This follows after a 36% increase in the bank’s net interest income during the period.
OCBC establishes chief sustainability role, nominated Mike Ng
Mike Ng will assume the group CSO position on 1 August.
Busan Bank’s earnings to decline in medium term: Moody’s
Profits will decline due to a modest narrowing of net interest margins to 2% in 2023.
Korea’s Kyongnam Bank face rising loan risks from SMEs, real estate financing: analyst
Profitability is expected to decline slightly, but it should maintain sufficient capital buffer.
Lexasure engages in partnership for auto insurance
The partnership aims to service Singapore and Cambodia’s markets.
Singapore banks face tepid loan growth; interest margins to peak in 2023
Banks may face some backsliding in its bad loans ratio, S&P’s Ivan Tan warned.
Australia unveils new standards for banks, insurers’ operational risk management
The new standard will take effect on 1 July 2025.
Australia's Zip cuts 20% of workforce: report
The CEO did not confirm whether the company is downsizing its workforce.
BPI net income up 23% to $461.09m
Net interest income rose 27% but non-interest income fell.
Line Bank Taiwan launches Fast Financial Platform
As of July, LINE Bank Taiwan has over 1.57 million users.
GXS opens savings account to all Singaporeans, maximum deposit raised
It offers a daily interest credit feature.
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