News
OCBC-backed working group unveils coal financing transition guidelines
OCBC-backed working group unveils coal financing transition guidelines
It introduces best principles into the financing phase out of coal-fired power plants.
BofA’s AI virtual assistant Erica halves IT service desk calls
It plans to incorporate gen AI in Erica for coding assistance and report synthesis.
India’s Axis Bank unveils in-app mobile OTP feature
Instead of text messages, clients can get their OTPs via their app.
Aussie business-loan provider Bizcap officially launches Singapore operations
Bizcap will provide loans to small and medium enterprises of between $5,000 to $500,000.
GXS Bank launches preferential rates for homeowners under Reno Club
Customers can access exclusive deals from Grab, Singtel, and other partners.
AXA launches digital insurance with Ant Bank, AlipayHK tie-up
It will use AXA’s portfolio and Ant Bank and AlipayHK’s “E-wallet X Digital Bank”.
Cambodia joins ASEAN RPC initiative to boost payment links
RPC was launched in 2022 by central banks of Singapore, Indonesia, Malaysia, and more.
Standard Chartered names David Hardoon as global head of AI enablement
Hardoon reportedly helped develop the Singapore central bank’s AI strategy.
JuanHand drives embedded lending with e-commerce tie-ups
The lending app only requires an ID, a smartphone, and an internet connection.
APAC developed market banks to see limited loan growth, NIM pressures
Hong Kong is expected to see even slower loan growth than other DM markets.
Chinese banks face $341b annual credit losses from tariff strains
Banks’ nonperforming assets are expected to peak at 5.9% in 2026.
APAC emerging market banks to enjoy double digit credit growth: report
China and Thailand will feel the most pressure, especially Chinese banks’ margins.
1 in 3 Indonesians blame banks for scam losses: study
Indonesians generally do not expect refunds but do expect protection, FICO found.
Security Bank enhances eKYC process in digital app
It has included enhanced fraud detection capabilities, including deepfake prevention.
Softening property demand could push up Taiwan’s bad loans
Potential losses could be absorbed by the banks’ core earnings, S&P said.
Krungthai Bank links Thaoil’s FX hedging transactions to ESG
Thaioil can get discounts if it successfully meets its ESG goals.
Mizuho Financial Group launches universal bank in Europe
Mizuho Bank Europe merged banking and securities services of two subsidiaries.
Thought Leadership Centre
In Association with
Most Read
1. Tighter fintech watch likely after Chocolate Finance fallout 2. Singapore banks’ dividends to weather economic and global trade woes 3. UOB widens sustainable financing access for SMEs 4. YouTrip launches MYR wallet and offers free weekend shuttle service 5. Revolut rolls out five new currencies including Chinese YuanResource Center
Read Here
Advertise
Sign Up
Awards
Jul
03
Jul
03
Jul
08
Event News
Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
Commentary
Why high capital levels are a double-edged sword for Singapore banks