News
KASIKORNBANK’s K PLUS now a payment method in Google Play
KASIKORNBANK’s K PLUS now a payment method in Google Play
K PLUS has over 14 million users on Android devices.
Hang Seng Bank’s credit risks rise, but capital buffers remain strong
Credit losses rose to HK$4.86b in H1 versus HK$1.5b a year earlier.
Security Bank establishes wealth segment, announces new CFO
New CFO Allen Reyes previously worked at Singlife and Deutsche Bank.
Chinabank’s net income up 14% to $222.83m in H1 2025
Both net interest income and net interest margin rose during the period.
SMBC sets up VC fund to invest in US fintech startups
It has a fund size of $300m.
Malaysia fines Bank Islam Malaysia MYR3.44m for service disruptions and AML/CFT screening
BIMB had multiple unplanned downtimes between June 2023 and December 2024.
Hang Seng Bank’s profits down 30% to HK$6.88b in H1 2025
Fees and other income rose 34% during the period.
Citi Markets to grow Asia rates and prime business headcount by up to 10%
IPO activity has rebounded and Citigroup traders posted their best Q2 period in 5 years.
Chocolate Finance raises $19.4m in Series A+ funding
It has also received a license to start its operations in Hong Kong.
VPBank clinches $350m loan to fund sustainable finance strategy
It will be allocated for green projects, SMEs, and infrastructure projects in underserved areas.
NAB invests $55m to upgrade over 100 branches across Australia
About 82 of the branches upgraded are in regional Australia.
Aussie regulators update MOU to strengthen financial stability cooperation
The updated MOU sets out their respective roles for contributing to financial stability.
Lack of virtual bank licence ‘not a big problem’ for Bangkok Bank
It estimates that virtual banks’ business revenue will not be significant in the first 5 years of operations.
Australian banks to refund $60.5m to customers hit by high fees
Over 1 million customers have been moved into low-fee accounts, ASIC said.
Airwallex gains capital markets services license in Singapore
It is also launching Airwallex Yield to businesses in the city.
Standard Chartered HK automates onboarding processes of SMEs
The solution reduces application turnaround time, the bank said.
Mizuho to acquire majority of Upsider’s shares for $309.8m
Upsider provides corporate credit card and invoice payment services.
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1. Singapore banks introduce safeguard for large digital withdrawals 2. SMBC Group establishes offshoring hub in Chennai, India 3. Singapore banks lead globally in AI use for financial crime compliance 4. Private lenders step in as Hong Kong banks cut real estate loan growth 5. CIMB unveils new wealth management platform in MalaysiaResource Center
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Asian Banking & Finance Retail Banking Awards 2025 Winner: Kwong Wah Eric Fan of Shanghai Commercial Bank
Kwong Wah Eric Fan of Shanghai Commercial Bank highlights how the company drives fintech growth through digital transformation.
Commentary
Electronic trading proves its strength in times of volatility