News
Airwallex doubles Singapore revenue in 2024
Airwallex doubles Singapore revenue in 2024
The payments platform grew its headcount by 58% during the year.
Australia’s Big 4 banks to see asset quality ‘moderately’ weaken in 2025
But impaired loans should peak in 2025 then decline in 2026 on falling interest rates.
Thailand’s finance sector expected to log 5% net profit rise in Q1
However, most finance companies will likely miss loan targets
China’s SOE banks to manage tariff risks and weakening trade
Manufacturing is a problem, but capital raising should help keep dividend payout ratios.
Banks should refine AI safeguards on rising complexity and exposure: McKinsey
Having just one committee to oversee all gen AI applications is not a good fit.
Vietnam’s HDBank has enough cushion against aggressive loan growth, tariff impact
Its NPL ratio remained mostly stable, and ROTA is higher than the market average.
South Korean banks to offer English mobile apps, documents to foreigners: report
The number of foreign banking customers have breached 8 million in 2024.,
Fintech funding rises to highest Q1 period in two years
They amassed $10.3b in funding across 777 deals made.
South Korea’s household loans rise at a slower pace in March
Mortgage loans grew, but other types of loans shrank during the month.
Boost Bank targets micro SMEs amidst regulatory, inclusion pressure
The digital bank builds on ecosystem strengths to serve high-risk businesses.
Westpac to open three new banking service centres
They will provide face-to-face support for retail and business customers.
Visa, USSC Money Services enable Visa Direct for cross-border B2B payments
Visa Direct facilitates transfer of funds to eligible cards, bank accounts, and wallets.
Vietnam records 3.93% credit growth in Q1
Lending interest rates decreased 0.4% compared to end-2024, the SBV said.
Malaysia and Thailand to strengthen joint efforts in cybersecurity
They aim to enable more effective information sharing and capacity building.
Hong Kong rolls out new measures against fraud and mule accounts
The central bank will roll-out an updated platform for banks to exchange information.
Money transfer firm Wise hiring hundreds of roles in Hyderabad
It will launch a new hub in the city in the second half of 2025.
JCB expands payment acceptance to Apple services of 7 Asian markets
Cardholders can now pay for their Apple purchases in these seven markets.
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He advises that fintechs must align tech investments with business goals and evolving customer expectations.
