News

Korea’s Shinhan Card vetting card numbering scheme following payment issues

There has been reports of unauthorized payments from its gift cards.

MUFG appoints June Raj as managing director for APAC Aviation

She is tasked with growing the bank’s aviation financing portfolio in Asia Pacific.

Citi appoints Angel Ng as head of APAC Global Wealth Management

She takes over from co-heads Fabio Fontainha and Steven Lo.

South Korean banks to ease lending criteria in Q2: report

The incoming new president had emphasized need to ease lending rules.

Taiwan bad loans climb to $2.24b in February

NPL ratio of all 39 domestic banks also increase to 0.18%.

Citi launches its Sustainable Trade and Working Capital Loans solution

It aims to give liquidity for international trade finance activities and other commercial activities.

APAC investment banking fees drops 8.5% in Q1 2022

This comes after its all time high in the same quarter last year.

Hugosave secures MPI licence from MAS

The company can now offer services exclusive for MPI licence holders.

Crypto and DeFi cannot circumvent Russia financial sanctions: MAS

The regulator said appropriate measures will be taken for FIs who will breach these sanctions.

India’s HDFC Bank merging with housing company HDFC

Post completion, HDFC Bank will be owned 100% by public shareholders.

CIMB Niaga, Sun Life Indonesia deepen bancassurance partnership

Sun Life will provide insurance solutions to CIMB Niaga’s customers through all channels.

Korean online banks’ loans up 8% in Q1

Newly-launched Toss Bank extended the most loans.

Fintech Pace launches BNPL payment card in Singapore

Consumers can use the card for online purchases with Pace merchants.