News
South Korean regulator nominee reject cryptocurrency as financial asset: report
South Korean regulator nominee reject cryptocurrency as financial asset: report
Koh also reiterated his commitment to curb increases in household debt.
Ping An Bank profits up 45% in Q2, but NIM contraction to continue
Whilst fee income and loan growth is robust, capital position weakened.
Digital dominance to decide Singapore’s retail banking future
Traditional banks are struggling to keep up.
Hong Kong’s ZA Bank hits 400,000 users
This is equal to 5% of the city’s total population.
Citibank Korea postpones exit plan decisions until September —report
This marks the second delay in its exit plan decision.
Chart of the Week: Australia card payments value to rebound 8.3% in 2021
The rising use of contactless and e-commerce payments will support the growth of the segment.
Deutsche Bank Wealth Management appoints new SEA investment team head
Alania Conception is previously head of investment consulting for Credit Suisse Singapore and Malaysia.
SEA fintechs to shift focus on profits as adoption gains pace: Fitch
The region’s large unbanked population underpins its market potential.
Japan’s Mizuho suffers nationwide ATM glitch
This follows a series of technical problems since Friday.
UOB adopts the Equator Principles to refine sustainability strategy
The bank will apply the principles to assess and manage environmental and social risk projects.
Deutsche Bank names APAC head of wealth solutions
Dominique Jooris was CEO of Bank Pictet & Sie in Singapore prior to his new role.
Bank of East Asia profit rebounds nearly 75% to $2.67b in H1
This increased from $1.53m in the same period last year.
Philippine lender SB Finance teams up with FinScore to enhance credit scoring power
SB Finance said it will use FinScore’s solution to predict the creditworthiness of borrowers.
Citi TTS APAC client inquiry for API use doubles in H1
They have processed close to 350 million API calls for corporate clients since 2017.
Chinese banks’ posed for e-payment scene comeback with digital renminbi’s launch
The e-CNY will support growth of banks’ e-payment customer base and improve overall financial stability.
Hong Kong’s ZA Bank launch new credit card repayment feature
Users can pay their credit card bills issued by any bank through ZA Bank, for a period of up to 72 months.
Philippine bank ratings at risk of another downgrade: Fitch Ratings
Fitch ratings downgrades the Philippines’ banking system operating environment score to negative.
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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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