News

Financial institutions boost engagement with digital transformation

Banks focus on trust, transparency, and security in digital self-service.

Banking Circle S.A. acquires Australian Settlements Limited

Banking Circle offers instant payment technology to payment companies and banks.

RCBC, Visa launch real time payments and money transfer platform in the Philippines

Visa Direct reaches 8.5 billion endpoints in over 190 countries and territories.

BDO Unibank’s earnings trimmed on higher opex and provisions

The bank’s opex rose 14% in Q2, whilst impairment loss provisions climbed 38%.

Financial complaints surpass 100,000 in Australia in 2024-25

Banking and finance related complaints fell 9% on declining scam-related complaints.

Malaysian banks’ loan loss provisioning to rise in Q2 but will be largely stable

GILs rose in May but declined in June, as corporates likely made repayments.

AEON Bank, foodpanda eyes raising digital banking adoption amongst riders, merchants

They will collaborate in customer acquisition and digital financing, amongst others.

HSBC’s Q2 results ‘solid’ despite BoCom loss and Hang Seng’s weak profits

Hang Seng Bank reported higher-than-expected credit losses on Hong Kong real estate.

RHB signs bancassurance deals with Tokio Marine Life, Takaful Malaysia

RHB will distribute life insurance, family takaful, and general takaful products.

SMBC’s profits down 1.5% to $2.5b in Q1 FY3/2026

Net interest income rose, but net trading and other operating income declined.

Mizuho’s profits up 1.2% to $1.93b in Q1 FY2025

MFG has revised its full-year earnings outlook upward.

HSBC’s profits down 30.6% to $11.51b in H1 2025

Revenue declined by 9% to $34.1b during the six-month period.

Hong Kong’s stablecoin bill boosts wealth management, pressures payments

Stablecoins issued in Hong Kong could increase competition particularly in wholesale payments.