News
Siam Commercial Bank’s restructuring highlights Thai banks’ need for complexity: analysts
Siam Commercial Bank’s restructuring highlights Thai banks’ need for complexity: analysts
The new entity aims to become a regional fintech conglomerate by 2025.
Weekly Global News Wrap: Wells Fargo fined for overcharging commercial clients; Citi charged $1m for swap data violations
And investors are getting $400m from Credit Suisse supply chain funds.
APAC’s mobile wallet adoption chips away at traditional payments’ dominance
Mobile wallet adoption in Thailand, Vietnam far exceed those in the US, the UK.
CTBC Bank teams up with Avaloq to boost private banking platform
The private bank will implement Avaloq’s core banking solution internationally.
Singapore, Malaysia to link real-time payment systems PayNow, DuitNow
Remittances between the two countries reached S$1.3b in 2020.
Negative gov't intervention fuels rise of Malaysian banks’ systematic risks
Officials’ moratorium programs are hurting lenders’ profitability.
China’s shadow banking assets will shrink to eight-year low in H2: Moody’s
Tighter regulations will drive a wedge in the connection between banks and NBFIs.
OCBC Bank announces first sustainability-linked deposit in Singapore
The deposit has a required minimum investment amount of $5,000.
Hong Kong’s Mox Bank appoints Barbaros Uygun as new CEO
Uygun previously served as CEO of ING Bank Austria.
Philippines’ BSP holds interest rates at bay
The central bank, however, warns of upcoming inflation.
SG's investment banking fees rise 30.2%
Investment banking activities generated $725.5m in fees.
FavePay teams up with Google Pay to offer cashback to Singapore users
Google Pay users can get up to a 20% cashback when they pay through SGQR.
Weekly Global News Wrap: JPMorgan launches Chase in UK; Credit Suisse Asia mulls merging investment and advisory arms
And JPMorgan has bought the college planning platform, Frank.
Japan’s MUFG sells US retail bank subsidiary to US Bancorp in $8b deal
It is exiting the retail banking business to refocus on corporate transactions.
Indonesian fintech startup Komunal clinches $2.1m Series A funding
The company offers Neo-rural bank services locally.
Relaxed regulation heightens Thailand banks’ systematic risks: S&P
NPL ratio is expected to rise to its highest since the 2009 financial crisis.
New bank players from Thai, Malaysia agreement face limited growth prospects
The latest licensed banks in Thailand have loan market share below 0.5%.
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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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