News
CIMB Singapore increases fixed deposit rate up to 3.90%
This is the highest as of 31 October.
Singapore launches digital banker’s guarantee, insurance bond
The eGuarantee@Gov is available from over 20 financial institutions locally.
MAS commits $150m for third round of fintech funding scheme
This commitment will last for three years.
Singapore to eliminate all corporate cheques by 2025
Use of cheques for payments has declined to just 7%, says DPM Wong.
SG, China deepen cooperation in green finance, capital markets
They will work on three initiatives.
5 ways a financial institution can shield itself from cyber attacks
MAS warned that the cyber threat landscape has been increasingly hostile.
MAS to test purpose-bound digital SGD
This can be used in government and commercial vouchers, amongst others.
Bank of China HK joins pilot programme to trial use of digital currencies
BOCHK has completed real-value cross border trade of central bank digital currencies.
UOB’s net profit soars 34% YoY in Q3
The increase was driven by strong net interest income amongst others.
Central bank proposes to regulate stablecoins, add rules for DPT providers
It seeks to prevent consumer harm from cryptocurrency trading.
Deutsche Bank appoints ex-StanChart banker as group head of IPB Global South Asia UK
Gupta will provide oversight on the GSA UK team.
Citi Hong Kong launches 2022 Citi Tax Season Loan
Customers can loan up to HK$2m or 12 times their monthly salary.
Citi launches digital proxy voting service in Australia, New Zealand
Investors can vote and receive confirmation in real-time.
Hang Seng Bank, QFPay HK offers faster loans to SMEs
SMEs need only share their commercial information in the Commercial Data Interchange.
Kotak Mahindra Bank’s profits up 27% in Q2
It has over 36.6 million customers as of end-September.
ICICI Bank net profit up 31% to $929m in Q2
Its loan portfolio also grew 23% compared to the same quarter last year.
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1. OCBC starts AI stock adviser using data on 4,000 stocks 2. Aussie banks launch digital locks versus online fraud 3. UOB reports flat net profit growth in Q1 despite record fee income 4. J.P. Morgan unveils automated cross-currency payment collection and settling service 5. Bangkok Bank connects with China’s fund transfer networkResource Center
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Productive sectors need more capital to stimulate the slowing economy.
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The Asian connection: China's path to sustainable growth