News
Digital banking platform market set to grow to $168.3b by 2032
Growth in internet users and the shift to online banking will drive its expansion.
India’s credit demand remained strong in Jan-Mar
Fresh disbursals reached $182.61b during the period, according to Experian.
Westpac names Carolyn McCann as chief executive, consumer
McCann was previous group executive for customer and corporate services.
CBA partners with OpenAI for scam and fraud detection, personalised services
CBA employees will progressively get access to OpenAI’s AI tools.
SoKor, Vietnam central banks ink MOU to strengthen cooperation
It specifies areas of cooperation in greater detail, the BOK said.
Alipay+ links with Kaspi.kz for cross-border payments in Kazakhstan
12 Alipay+ e-wallets can now scan-to-pay via Kaspi QR.
Malaysia’s SME Bank sees 158% increase in entrepreneurs financed in H1
About 1,632 have benefitted from the Maju Usahawan MADANI programme.
Citi names Jig Patel as head of prime finance for JANA and Asia SouthB
Patel will be based in Hong Kong.
Techcombank names Jens Lottner as CEO for a second term
Lottner’s term, which takes effect on 18 August 2025, will be up to 2030.
UOB strengthened deposit franchise, saw more bad loans in Q2
Its NPL formation was elevated in Q2, according to UOB Kay Hian.
PH central bank names new deputy governor for financial supervisory
Lyn Javier succeeded Chuchi Fonacier, who retired on 1 August 2025.
Krungthai Bank and partners establish virtual lender Clicx Bank
Clicx Bank has a registered capital of THB50m to start.
PSBank’s net income at $37.85m in H1 on loan book growth
Core revenues rose 7%, and operating expenses declined by 2%.
Philippine Business Bank’s net income at $18.75m in H1 2025
The bank will continue to focus on the SME market as its core strategy.
Gen Alpha’s high financial literacy challenges banking norms
Nearly all APAC children now have financial accounts.
Bank Rakyat Indonesia’s net income down 11.25% to $1.63b in H1
Operating income declined whilst net provisions for impairment losses rose.
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Asian Banking & Finance Retail Banking Awards 2025 Winner: Kwong Wah Eric Fan of Shanghai Commercial Bank
Kwong Wah Eric Fan of Shanghai Commercial Bank highlights how the company drives fintech growth through digital transformation.
Commentary
Electronic trading proves its strength in times of volatility