News
South Korea financial firms shutters 1,000 offline offices in one year
South Korea financial firms shutters 1,000 offline offices in one year
Banks closed 380 offline offices between March 2021 to March 2022, according to the FSS.
J.P. Morgan appoints Wai Mei Hong as senior country officer for Singapore
She has over 25 years of experience in the banking industry.
Citi Bangladesh completes pilot paperless trade finance transaction in TradeLens
The process resulted in a 10-day reduction of document processing time.
DBS’ emission targets to drive improved emission disclosure in SEA
The move is expected to improve the quantity and quality of data disclosures on GHG.
South Koreans’ internet banking use up 6.9% in H1
There are about 18.82 million use cases per day in Korea.
SG, India ink agreement on fintech cooperation
The agreement will promote regulatory collaboration between the two markets.
Citibank launches Citi Plus in Singapore
The digital wealth solution platform offers tools to help customers manage and build wealth.
Japan’s fintech funding on track to extend four year decline streak in 2022
The $300m in funding secured in H1 was less than half of 2021’s full-year investment value.
APAC banks won’t be severely hit once Basel III regime implemented: Fitch
Jurisdictions such as Vietnam, Sri Lanka, are lagging behind with adoption.
St. George Bank tops Australian banks in digital experience net satisfaction: study
Auswide Bank received a negative net satisfaction score for their range of digital products.
MAS rolls out transformation map for the financial services industry
The map comprises five key strategies to develop SG as a leading international financial centre in Asia.
Deutsche Bank appoints Ruchir Sharma as co-head of Global Foreign Exchange
He will work with Darren Boulus.
HSBC names Sharnika Silva as SEA head of trust and fiduciary services
She has worked with HSBC Trustee for 15 years.
UOB unveils refreshed branding with new logo, seal mark
The bank will also be kicking off a regional brand campaign involving TV films and ads.
Australian regulator grants IN1Bank a second extension on restricted ADI license
The digital bank is still aiming to get a full license by the end of the year.
Weekly Global News Wrap: Citi to divest Mexico consumer arm via sale or IPO; Wells Fargo hires third-party race auditor
And China’s homeowners rush to offload mortgages.
Singapore’s digital bank Trust reaches 100,000 customers
Users were aged 18 to over 90 years old, Trust Bank said.
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The Asian connection: China's path to sustainable growth