News
Hong Kong mortgage loans down 21.2% in April
The number of mortgage applications also dropped by 27.6% to 8,368 applications.
HSBC unveils new measures to support Hong Kong, mainland startups
A specified lending fund was increased to $3b.
Hang Seng, Mastercard to launch the MMPOWER touch card
Cardholders can earn up to 5% +FUN Dollars whilst spending online and offline.
Livi Bank revolutionises banking for SME with fast-track account and loan approvals
Hong Kong-based digital bank leverages AI, eKYC, and machine learning to streamline banking processes for SMEs.
Winnie Chen named BNY Mellon's Singapore chief executive
This is in addition to her role as APAC Head of Treasury Services.
StanChart, SFA unveil paper exploring DLT-use in supply chain payments
The publication explores stakeholder collaboration for improved payment transparency in supply chains.
Bad loans of South Korean banks rose in April
Business loans classified as SBLs fell slightly.
Alipay+ available to Asian tourists for Barcelona, Madrid Clarins purchases
About 60% of Clarins Spain shoppers are from Asian nationalities pre-pandemic.
Axis Bank names Nurani Subramanian Vishwanathan as independent director
Vishwanathan has had diverse experiences as a central banker since 1981.
ING closes $404.8m infrastructure securities for the Hong Kong Mortgage Corp
ING also acted as the sole finance adviser for the issuance's sustainable tranche.
Worldpay terminates OxPay deal over alleged clause breach
The termination could affect the company's financial standing end-2023.
TaishinPay QR payment now available in South Korea
The Taiwanese digital service also plans to include two-way ATM withdrawal capabilities.
UOB, Keppel to offer sustainable and digital solutions to SEA businesses
The primary objective of these solutions is to assist companies in their endeavours to achieve decarbonisation.
Japan’s card payments market to be worth $742.2b in 2023
Growing consumer preference for electronic payments will push a 7.5% growth in value.
Japanese insurers, banks to build sustainable finance platform
The collaboration seeks to build a digital platform for investment institutions.
Hang Seng Bank appoints Kathy Cheung as chief risk and compliance officer
She was formerly chief risk officer for HSBC Hong Kong.
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1. DBS and Goldman Sachs complete first interbank OTC crypto options trade 2. HSBC Innovation Banking launches Singapore operations with $1.5b fund 3. BDO’s net income up 4% to $1.07b in 9M 2025 4. Hong Kong central bank names deputy CEO for exchange fund investment office 5. Hang Seng Bank launches instant transfer service JustPayResource Center
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Experts explored how hybrid multi-cloud strategies and interconnected data centres are shaping the future of banking in the region.
Commentary
Rethinking cybersecurity: How APAC banks can safeguard against AI-powered threats
Why Singapore’s fast payments need faster protections