News
Japan’s megabanks may increase foreign bond purchases to meet income goals
Upcoming US Fed rate cuts may raise bond prices, increasing urgency to buy.
China Merchant Bank profit rebounds in Q2 on lower costs
Net profit grew 2.7% in Q2 from a 2.1% decline in Q1.
Hang Seng Bank appoints HSBC’s Luanne Lim as new chief executive
Diana Cesar will return to HSBC as vice chairman, Hong Kong.
Bangkok Bank’s deputy CEO apologises due to system disruption
It caused an inaccurate display of balance in some accounts.
Chongqing Rural Commercial Bank’s profitability likely to be stable through 2026
The bank still faces high asset risk, although it has built up strong buffers.
UnionBank of the Philippines rolls out pilot for easier retirement account opening
Users can now open PERA accounts using their bank or e-wallet data.
Airwallex acquires OpenPay, to compete directly with Stripe Billing
Billing capabilities will be rolled out by Q4, Airwallex said.
Ant International’s Antom launches agentic payment solution
Antom can specifically connect AI agents to APMs using Antom EasySafePay.
India’s HDFC Bank invests in quantum-safe cybersecurity firm QNu Labs
QNu Labs was founded in 2016 and incubated at ITT Madras Research Park.
Australia’s Westpac to hire 350 bankers by 2027: report
It aims to enhance business banking and expand its market share in regional Australia.
Experian and SFA launch partnership to boost FinTech growth
The goal is to accelerate the growth of high-potential companies offering scalable technologies.
PH digital bank GoTyme expands free InstaPay transfers to 20 per month
After the 20th transfer, each transaction will cost PHP 9.
Over 370,000 Singapore bank customers used the money lock feature
More than $30b have been locked up.
SG banks’ uncertainty ratings revised to low as tariff risks ease
Their uncertainty risks were raised to medium in April 2025.
Citi named primary liquidity provider in RMB repo scheme
It is currently the only American bank of the 11 dealers in the scheme, the bank said.
Gold to hard-carry Bank Syariah Indonesia’s margins
But overall growth will still be lower amidst industry-wide signs of asset quality deterioration.
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Most Read
1. MAS cracks down on influencers promoting financial products 2. OCBC to enable scan and pay on all China merchant QRs by Q1 2026 3. MAS expands Ripple’s scope of payment activities in Singapore 4. DANA Indonesia launches verified digital wallet for teens 5. HitPay and Visa to expand Philippine SMEs’ payment acceptanceResource Center
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Jul
02
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Asian Banking & Finance Fintech Awards 2025 Winner: Bhagavi Sridharan of Aditya Birla Capital Digital
Bhagavi Sridharan explains how the ABCD app offers a seamless, unified experience across diverse financial products.
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Fighting fraud in the digital banking age