News
Large, mid-sized Chinese banks’ capital pressures easing: Fitch
Large, mid-sized Chinese banks’ capital pressures easing: Fitch
Stress test shows NPL ratio likely to rise, but not to levels PBOC expects, the ratings agency said.
Wider use of CBDCs for cross-border settlements dents banks’ fee income
Lenders will have to reduce cross-border fees once CBDCs become more mainstream.
DBS rolls out self-managed card payment control features
Users will be able to set spending limits and block cards, amongst other features.
Weekly Global News Wrap: Americans miss BNPL payments; Wells Fargo fined $250m
And Mastercard bets on crypto with acquisition of CipherTrace.
China’s anti-graft agency investigates China Development Bank VP: report
He Xingxiang is suspected for “severe discipline and law violations.”
Australia’s top banks won’t do business with crypto firms: report
Two local digital currency exchanges said that none of the top four banks would do business with them.
Indonesia’s Bank Neo Commerce teams up with Qualtrics to improve digital banking experience
It will make use of Qualtrics services to personalize its banking journey.
Financial firms urge South Korean regulators to back off internal affairs
The firms represent the insurance, commercial banking, and brokerage sectors.
MAS forms sustainability group to drive green finance agenda
Former chief sustainability officer of Thai Union Group is the head of MAS' new group.
APAC countries dominate the world’s most cashless economies
Canada remains the king of cashless countries.
Bank of East Asia warns of fake website
Customers who used the site are advised to report their cases to the police.
Standard Chartered, NTUC’s BetaPlus for JV to launch Singapore digital-only bank
They will contribute S$144m and S$96m, respectively, in the joint venture.
How Advanced Analytics and Emerging Technologies can save Financial Intuitions against Digital fraud
The 60-minute webinar go live on 23 September 2021, 11am Singapore time.
Citi unveils help desk to help Chinese emerging companies expand in Singapore
Clients will be able to access advice about local operating and regulatory environments, amongst others.
UOB subsidiaries now cross-currency dealers in China, Indonesia
This makes UOB the first Singapore bank to hold this status in both markets.
OVO dominates Indonesia as digital payment platforms
It also leads in both brand awareness, usage, and active users.
Binance to cease select Singapore services
It will be removing its app from the Singapore iOS and Google Play Store.
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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. Bhutan enables national-level crypto payment with Binance PayResource Center
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Event News
Nonbank lenders are now providing capital even to low-risk corporate clients.
Commentary
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