News
MUFG Bank appoints head of institution investors coverage for Asia
MUFG Bank appoints head of institution investors coverage for Asia
Weehuizen has over 18 years of banking experience in APAC and Europe.
HSBC appoints co-heads for commercial banking business in Asia: report
Amanda Murphy will lead South Asia and SEA whilst Frank Fang, the GBA.
4 in 5 Singaporeans prefer online methods of banking: survey
Less than one in ten, or only 4%, concentrate their banking activities at the ATM.
Deutsche appoints ex-UBS exec as wealth vice chairman in APAC
Mahesh is rejoining Deutsche after leaving in 2017.
What do SMEs expect from modern payment solutions?
ABF spoke with industry experts from Mastercard, Enterpryze, Boku, and Xfers to learn more.
Wider adoption of e-CNY poses risks to China’s banking system: Moody’s
Digital renminbi will test banks’ ability to address risks.
Citi raises record $40b sustainable financing for APAC clients in 2021 YTD
This was thanks to Alibaba’s $5b offerings and a $2.5 bond issuance by SK hynix.
China offers banks cheap funding for lending to green firms
The central bank is willing to lend 60% of the required funds at a 1.75% rate.
Singapore: Yes to wholesale, skeptical on retail digital fiat money
SG’s regulator remains iffy on cryptocurrencies—or, in MD Menon’s words, crypto tokens.
HSBC ahead of China wealth hiring targets, mulls re-entering India private banking
By end-2021, HSBC will have 64 working in its China onshore private banking.
Singapore banks, SGTraDex to develop standards for green trade finance digitalisation
UOB, DBS, OCBC, and Standard Chartered are participating in the initiative.
Mastercard sets its sights on SMEs with new BNPL commercial card solution
The Pay & Split provides SMEs with the first-of-its-kind, network-based, open-loop payment solution.
MAS, BSP ink enhanced fintech cooperative agreement
Singapore and Philippines' remittance flows totalled S$2.89b last year.
Regulation, late digitisation challenge Web 3.0 adoption in wholesale banking
Web 3.0 is taking over, but many businesses have yet to move past Web 1.5.
UOB TMRW rolls out feature measuring ASEAN customers’ carbon footprint
It will be generated based on their spending and saving habits.
Singtel’s Dash to allow international digital money transfers
This is made possible through Singtel’s partnership with Western Union.
Mastercard launches cryptocurrency-linked payment cards
Users will be able to convert crypto into traditional fiat money.
Commentary
Young Malaysians, big money mistakes: What’s going wrong with Islamic financial behaviour?
The Asian connection: China's path to sustainable growth