News
India’s central bank establishes regulatory review cell
India’s central bank establishes regulatory review cell
It will ensure the systemic internal review of regulations every 5-7 years.
Regulator urges stronger standards in Australia's private credit sector
A review found opaque remuneration and fee structures, amongst other concerns.
Chart of the Week: Hong Kong card payments to hit $233.5b by 2029
Growing preference for contactless payments will lift the value up.
SCB Easy App unavailable on 5 October 2025
The app is being upgraded during the period, SCB said.
SMBC Group, Jefferies to establish wholesale equities business in Japan
SMBC is also increasing its investment in Jefferies to up to 20%.
BSP probes bank accounts tied to flood control corruption
This comes after a department secretary filed an official request.
Philippine central bank limits daily cash withdrawals, transactions to $8,750
Transactions beyond that must be done through traceable channels like cheques, and online transfers.
Weekly Global News Wrap: Yes Bank ex-CEO charged; US banks cut rates
And a software used by Aussie banks’ is being tested for a possible teen social media ban.
CBA says RBA interchange reforms risk hurting Aussie firms
The Australian bank agreed that debit and credit surcharging should be eliminated.
SMBC to buy additional 4.2% stake in Yes Bank for $101.7m
It has already completed the acquisition for a 20% equity stake in the Indian bank.
APAC instant payments value to reach $170.2b in 2029: GlobalData
China, Japan, South Korea, and India are leading the way.
UOB, Hengfeng Bank, Shangao Holdings ink MOU for Chinese firms’ overseas expansion
They will provide cross-border trade financing and investment banking solutions, amongst others.
ZA Bank backs Hong Kong policies on AI and tokenisation
The Policy Address also introduced support for SMEs.
CBA’s x15ventures teams up with fintech fund Triple Bubble
They will develop a mentorship and talent exchange program.
NAB boards mourns passing of former director David Armstrong
Armstrong was with NAB from 2014-2023.
Hang Seng Bank backs policy measures to bolster markets, finance
Chief exec Diana Cesar said that they will continue to work closely with Hong Kong authorities.
DBS, Franklin Templeton, Ripple launch tokenised fund trading solutions
DDEx will list FT’s sgBENJI token alongside the Ripple USD stablecoin.
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1. MAS cracks down on influencers promoting financial products 2. OCBC to enable scan and pay on all China merchant QRs by Q1 2026 3. MAS expands Ripple’s scope of payment activities in Singapore 4. DANA Indonesia launches verified digital wallet for teens 5. HitPay and Visa to expand Philippine SMEs’ payment acceptanceResource Center
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Asian Banking & Finance Fintech Awards 2025 Winner: Bhagavi Sridharan of Aditya Birla Capital Digital
Bhagavi Sridharan explains how the ABCD app offers a seamless, unified experience across diverse financial products.
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Fighting fraud in the digital banking age