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Thai banks’ credit costs rise as tech difficulties, bad loans pile up
Thai banks’ credit costs rise as tech difficulties, bad loans pile up
Despite their targets to decrease costs, three banks saw them rise instead.
SMBC appoints ex-Credit Suisse China CEO as new APAC managing director
Carsten Stoehr will join SMBC on 19 February after 25 years in Credit Suisse.
Alipay+ enables usage of 6 international e-wallets in Singapore
Its merchants can now accept payments from up to 12 overseas e-wallets.
Citi Korea to enjoy strong capitalisation, stable credit profile through 2025: Moody’s
The bank’s winding down of its consumer banking business is a positive.
DBS HK opens 15,000 sqft Treasures Centre at 18 Queen’s Road Central
It will have a team of WM professionals to provide HNWIs with wealth solutions.
Hang Seng Bank names ex-Ping An deputy chief exec as new general counsel
Mabel Chu served as deputy chief executive (functions) of Ping An OneConnect Bank.
Singapore leaders pay tribute to late banking tycoon Wee Cho Yaw
Wee was hailed as a visionary leader and for his contributions to education and culture.
UOB charman emeritus Wee Cho Yaw passes away at 95
He expanded UOB to a multinational bank present in over 19 countries and territories.
Hang Seng Bank names new risk committee chairman
Kenneth S Y Ng is stepping down from the role.
SG SMEs seek cross-border payments for overseas goals
6 in 10 small businesses use an app to make int’l payments, with 3 in 10 having experienced issues.
DBS merges brokerage, digital exchange with treasury markets business
The new group, Global Financial Markets (GFM), will be headed by Andrew Ng.
PH bank AUB takes e-wallet overseas with Alipay+ partnership
HelloMoney users can now pay via QR code in South Korea, Malaysia, and Hong Kong.
Standard Chartered, FreightAmigo team up to streamline financing for HK’s SMEs
The partnership will utilise "federated learning" developed by the Hong Kong ASTRI.
ASEAN banks show impressive uptime performance in 2023 – Brankas
The report calls for better customer awareness of disruption and recommends institutions to keep at least a 99% uptime.
UOB, CCPIT forge partnership to boost SEA trade
Both parties aim to strengthen supply chains, drive innovation, and promote sustainable development.
KakaoBank expands AI research at ICN10 data centre
Digital Realty's ICN10 data centre was selected for its optimized AI deployments.
South Korea cracks down on noncompliant private equity fund firms
Authorities first introduced the cancellation scheme in October 2021.
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Why Singapore’s fast payments need faster protections