News
Singapore and Hong Kong enhance banking supervision cooperation
Singapore and Hong Kong enhance banking supervision cooperation
It enhances supervision of cross-border operations of banks under their purview.
Atome, Maya partner in $48m deal to expand lending
They will work together to extend flexible payment options to Filipinos.
BDO partners with VinFast, V-Green to boost the Philippines’ EV ecosystem
BDO will support the expansion of the three companies.
DBS launches new Asia Gateway operations hub at PBC Jurong
The bank said DAG houses about 1,000 Operations Group employees.
Hong Kong's banks encouraged to explore tokenised deposits and assets
Authorities are expected to work together to regularise the issuance of tokenised bonds.
OCBC to provide social loans to 10,000 women entrepreneurs by 2030
It has supported over 2,000 women-owned SMEs as of June 2025.
Australia, New Zealand propose reforms on AT1 capital rules
New Zealand wants to remove AT1 capital and introduce more granular standardised weights for credit risk.
Ant International to launch Alipay+ in Saudi Arabia
It will connect to mada, Saudi Arabia’s national payment scheme.
SPD Bank Shanghai, XTransfer team up to help Chinese SMEs expand overseas
They aim to provide “safer, more efficient, more convenient” global collection and cash management services.
ANZ sets up resolution program, to submit remediation plan
ANZ could spend approximately A$150m on implementing the remediation plan.
SCB consolidates retail units under new consumer banking group
It is overhauling its branches as well as upskilling branch staff and relationship managers.
Philippine cash remittances up 3% to $3.18b in July
Cumulative cash remittances for the January-July 2025 period is now at $19.93b.
CIMB Singapore rolls out card for sole proprietors and SME owners
It offers zero FX fees and complimentary airport lounge access.
HSBC Private Bank rolls out gen AI platform for wealth management staff
It summarises the bank’s research reports and external news feed.
PayPay expands reach to 2 million South Korea stores via Alipay+ gateway
Users must complete identity verification on the PayPay app in Japan.
Standard Chartered Singapore posts 13.7% rise in H1 2025 net profit
However, total operating expenses also widened by 5.2%.
Bank of Commerce PH upgrades system of 140 branches and ATMs
The Philippine bank teamed up with InfoSys and IBM to roll out the upgrade.
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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