News
Korean central bank inks deal to develop system for testing CBDCs
Korean central bank inks deal to develop system for testing CBDCs
LG CNS Co. will develop a set of systems for the test.
StanChart SG onboards 10,000 clients in SC Inner Circle
These clients deliver feedback and insights on initiatives and products.
Deutsche Bank doubles its Indonesia capital to $644m
This is the third time it raised its capital in an APAC market this year.
BPI, RBC merger approved
It will take effect on 1 January, with BPI as the surviving entity.
HKMA reprimands TNG Asia for inadequate compliance systems
The HKMA has reprimanded and ordered TNG to pay a pecuniary penalty of HK$1.6m for contravening section 8Q of the PSSVFO.
Indonesia’s net liability IIP sustains slump Q3’23
It fell 0.5% quarter-on-quarter to $252.6.
Bangladesh’s Dutch-Bangla Bank to face tough operating conditions in 2024: S&P
The bank should be able to maintain its satisfactory franchise, however.
APAC consumers to spend more for travel, dining out in 2024: Mastercard
Consumers are expected to allocate a larger share of their wallets to discretionary spending.
Traditional finance and crypto can work hand-in-hand, says DigiFT CEO
DigiFTs CEO Henry Zhang advocates growth through collaborative innovation, risk management, and regulatory compliance in finance.
JCB contactless payments now available in the UK
In 2024, JCB plans to enable contactless payments in the remaining 80% of UK Worldpay terminals.
ZA Bank’s Global Transfer service helps save HK$4m in transfer fees
Over 90% of the international money transfers are completed within a day’s time.
Corporate bonds, liquid assets key to investment wins in 2024: Standard Chartered
The expected US recession next year will significantly impact how bonds perform.
BEA rebrands, upgrades digital services and bank branches
The bank has introduced artificial intelligence and fintech solutions to digitalise and automate operations.
BSP: cap on online payment facilities to stay
This aligns with the BSP's ongoing efforts to encourage digital financial transactions.
APAC M&A down 18.8% 11M’23
The region saw a total of 13,151 deals in the eleven months to November.
MUFG purchases 100% stake in Australian holding group
The acquisition is valued at AU$1.1b.
MAS: freeze remittances to China for the next three months
It is effective from 1 January 2024 to 31 March.
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Asian Banking & Finance Fintech Awards 2025 Winner: Lester Cruz of Singlife Philippines
Lester Cruz, CEO of Singlife Philippines, shares how the Singlife Plan & Protect app reimagines the full customer journey.
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