News
DBS names new group COO, group audit head
DBS names new group COO, group audit head
Jimmy Ng, current group head of operations, will retire and become a senior advisor for AI.
OCBC, EnterpriseSG offer SMEs sustainability assessments, green loans
SMEs will be able to measure their sustainability performance.
ANZ joins Bank@Post, allowing customers to bank at Post Offices
Customers can access the services beginning 1 October 2025.
CBA expected to maintain low credit losses, strong capital levels
Australian banks remain exposed to high household debt and prices.
Westpac CEO welcomes changes to Australia’s home lending regulations
The bank suggested a more flexible approach to risk tolerance in property construction in select cases.
Taiwanese banks extended more SME loans in December
Average NPL ratio declined by 0.01 percentage point.
CommBank Australia reports net profit of $3.2b in H1
Interim dividend is A$2.25 per share.
Philippine banks expand lending by 12.2% in Dec 2024
Loans for production activities rose 10.8% during the month.
Krungsri teams up with food manufacturers to launch green FX program
Customers who achieve predefined ESG targets can get reduced costs.
Tight lending rules limit Thai SME credit access
Strict bank requirements and economic instability restrict SMEs' funding options.
RBI proposes extra authentication for first-time online card use
Card issuers are mandated to validate the additional factor authentication.
HK’s young affluent families eye HK$18m in savings, but lack plans
Only a third of respondents have financial strategies to meet their needs.
Standard Chartered unveils cross-currency transaction FX solution
It offers competitive FX pricing and an automated FX payment service.
Fintech JuanHand disbursed $772m in over 20 million loans
The fintech’s average repeat rate is at 90%.
QR payments value to exceed $8t in 2029
Standardisation of national QR schemes and Apple’s NFC are key factors that will influence this space.
EWA fintech Payd raises $400,000 in seed extension round
Its Malaysian partners include McDonald’s, Starbucks, and Banyan Tree.
Bank Mandiri slated for lower interest margins in 2025: analyst
But asset quality will improve thanks to new retail loans having better quality.
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Compliance and legacy systems stall B2B payment shift
Retail drives digital payments as B2B adoption lags.
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The Asian connection: China's path to sustainable growth