News
Maybank SG new banking app enables online SME current account opening
Maybank SG new banking app enables online SME current account opening
The new Maybank2u SG (Lite) app offers e-angbao gifting and other money management features.
Weekly Global News Wrap: Bank of America's senior bankers receive pay raise; UBS buys wealth mgmt provider Wealthfront
And Deutsche Bank said it’ll undertake a $339m share buyback.
UOB injects $316m in capital to China subsidiary
Capital will be used to develop cross-border services and push sustainability strategy.
Indonesia launches real-time payments infrastructure BI-FAST
Twenty banks are already live and have access to 24/7 real-time credit transfers.
Merger of Philippine banks Landbank, UCPB to take effect on March
All accounts under UCPB will be transferred under Landbank.
Philippines' central bank warns public of fake banknotes from ATMs
The public is urged to examine banknotes carefully after using a machine.
South Korea completes first phase of digital currency feasibility test
The second phase of the test will be carried out until 22 June.
Indonesia prohibits financial institutions from trading crypto
OJK clarified that supervision of crypto is under Babbepti and the Ministry of Trade.
Chart of the Week: Vietnam’s card payments market to grow 24.1% in 2022
Strong anti-COVID measures allowed the market to reduce the pandemic’s impact.
Bad loans of Philippine alternative lenders to decrease in 2022: study
The rate of their bad loans has hovered around 10% to 10.5%.
ING appoints ex-Westpac senior director as head of real estate finance in Australia
Darren Beatty has worked for the institutional banking teams of Westpac and CBA.
Talent crunch threatens Hong Kong’s financial sector as expats flee: report
Inconveniences in overseas travelling may reportedly turn away much-needed talent.
OCBC implements anti-scam measures following increased phishing attacks
One measure is the removal of the clickable links in SMSes sent by the bank.
Weekly Global News Wrap: US banks closed 2,000+ branches in 2021; Morgan Stanley CEO pay raised to $35m
And Citi, BNP Paribas eye 7 February return-to-office date.
Indonesia’s big four banks’ asset qualities remain under pressure in 2022
The banks’ credit costs are sighted to remain elevated.
Hong Kong's ZA Bank can now offer investment services
The license will allow the bank to offer investment services.
Payments platform Yeahka is China’s top non-bank QR payment service
Transaction size reached $156.24b in 2021.
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1. UOB maintains profitability despite possible slower loan growth 2. Sea rebrands digital finance business SeaMoney to Monee 3. Japan’s SMBC is buying a 20% stake in India’s Yes Bank 4. Vietnam’s finance sector faces digitalisation challenges despite eased regulation 5. Malaysia’s development banks told to plug lending gap for MSMEsResource Center
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