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Singapore's virtual bank account ownership to soar 30% by 2026
Singapore's virtual bank account ownership to soar 30% by 2026
The figure is equivalent to 1,510,495 adults in Singapore.
Nearly 2 in 5 HK adults will have virtual bank accounts by 2026
A total of 2,051,387 adults is projected to be virtual bank owners in five years.
UOB, ADDX digitise S$50m of Sembcorp’s sustainability-linked bond
They made use of blockchain and smart contact technology to achieve this.
Commercial banks to take intermediary roles when CBDCs roll out: S&P
Central banks will prioritise financial stability in this undertaking.
How Islamic banks boosted their reputation during the pandemic
Bank Rakyat was the most favourably-covered bank in the past year.
Maybank Singapore unveils new home mortgage, renovation green loans
The bank expects to process over 500 sign-ups yearly.
Why Malaysian banks are spending more on financial wellness apps
They spent the most amongst other markets in the Asia Pacific region.
Citi appoints head of natural resources & clean energy transition in Asia
William Pang will work with other NRCET leaders globally.
Only six new digital banks in the Philippines for now: BSP head
All nine additional applicants failed to submit documents.
South Korea kicks off cash-back rewards program to boost card use
Card users can receive up to $85 in cashback rewards per month.
MAS, Singapore banks build digital platform against money laundering
This will allow sharing of customer and transaction data on money laundering cases.
How to combat fraud in a hybrid banking environment
Financial organizations are called to take the offensive against fraudsters with the use of anomaly detection and analytics.
Independent Reserve gets crypto licence from MAS
It is one of the first virtual asset service providers to obtain full licensure approval.
MAS grants DBS brokerage arm crypto licence
The monetary authority also granted one to an Australian firm.
Hong Kong bankers’ exodus accelerates amidst strict quarantine rules: report
UBS recently shifted to two senior bankers and might move eight more to China.
4 in 5 banks prioritises people over products
81% of banks seek to differentiate their customer experience.
HSBC, Temasek partner to fund sustainable infrastructure projects in Asia
The two hope to dispense over US$1b of loans over the next five years.
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1. Sea rebrands digital finance business SeaMoney to Monee 2. UOB maintains profitability despite possible slower loan growth 3. Japan’s SMBC is buying a 20% stake in India’s Yes Bank 4. Malaysia’s development banks told to plug lending gap for MSMEs 5. Vietnam’s finance sector faces digitalisation challenges despite eased regulationResource Center
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