News
Deutsche Bank names Serene Wee as managing director for SEA wealth business
Deutsche Bank names Serene Wee as managing director for SEA wealth business
Wee joins from Credit Suisse, where she spent 19 years working with UHNW clients.
Standard Chartered, Allinpay enable Singapore dollar QR payments in Hong Kong
Singapore dollar can now be used to pay in over 30,000 acceptance points in Hong Kong.
Bank of the Philippine Islands’ net income reaches record $722m in 2022
Revenue was bolstered by growth in its net interest income.
Fintechs pivotal to achieve $275t capital needed for successful sustainable transition: study
From 2026 until 2050, $9.2t a year in capital spending is needed to achieve net zero goals.
Indian banks’ Adani exposure minimal: Moody’s
Eexposure is less than 1% of banks’ total loans, the ratings agency estimates.
Hong Kong’s Mox Bank launch time deposit products with up to 10% interest
New customers who open an account in February will avail an additional 9.7% time deposit rate.
Chart of the Week: New Zealand’s BNPL market value to reach $1.2b in 2023
By 2026, the transaction value is expected to grow to $1.9b.
Intent vs ability: Why lending models must be revised to foster financial inclusion
Current mechanisms leave out SMEs and MSMEs from accessing much-needed credit.
OCBC CEO Helen Wong appointed as executive director
She will now assume responsibility for both roles.
Visa names new chairman and regional president for APAC
Visa Japan’s country head Stephen Karpin is the new regional president, whilst Chris Clark ascends as chairman.
Malaysian banks troubled by weak loan growth in 2023
Loan applications contracted 16.1%, according to UOB Kay Hian.
Standard Chartered clinches approval to set up securities firm in China
It will receive an initial capital injection of over $155m.
ZA Bank names former chief executive of rival virtual bank as new CEO
Ronald Iu joined ZA Bank’s parent ZA International in February 2022.
GXS Bank names former SGX president as group CEO
Since stepping down in 2019, Muthukrishan Ramaswami has served on the boards of GovTech Singapore and Temus.
Nomura Holdings’ net income up 11% to $508m in Q3
Net revenue was up 24% compared to the year ago.
Weekly Global News Wrap: Grupo Mexico clinches $5b to buy Citi assets; Brazilian banks may set aside $890m for Americanas losses
And the UK lays out plans to regulate cryptocurrency.
IWG, Standard Chartered launch co-working space within bank branch
Spaces@SCB is located within the bank’s Serangoon Gardens branch.
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1. OCBC targets 100 senior leaders to be ICF ACC accredited by 2027 2. GXS Bank rolls out money lock feature 3. China CITIC Bank Int’l, Hang Seng Bank support offshore RMB repo reforms 4. HKMA study identifies AI and data analytics as key banking skills 5. Atome Financial’s operating income up 63% to $236m in 2024Resource Center
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Asian Banking & Finance Fintech Awards 2025 Winner: Lester Cruz of Singlife Philippines
Lester Cruz, CEO of Singlife Philippines, shares how the Singlife Plan & Protect app reimagines the full customer journey.
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