News
China's central bank urges banks to curb loan growth for rest of 2021: report
China's central bank urges banks to curb loan growth for rest of 2021: report
The surge in lending during the first two months of the year stoked bubble risks.
J.P. Morgan leverages blockchain solution to improve money transfers
Testing is currently under way with 12 Taiwan banks.
MUFG appoints new head of ESG finance for APAC
In the newly created role, Colin Chen is expected to build the bank’s finance strategy in the region.
Citi launches digital credit card for new customers
Singapore is the first market ever where Citi has rolled out this service for new cardholders.
BRI's open banking initiative clears $3b of sales in 2020
This marks a 290% annual growth for BRIAPI.
ZA Tech opens Asia fintech centre in Singapore
It will focus on solving use-cases in insurance and financial services.
UOB prices Singapore's first sustainability bond offering
UOB raised $2b with a final order book of $3.7b.
Malaysian banks’ profits to recover faster than SEA peers: Moody’s
Compared to regional peers, Malaysia’s biggest lenders have the smallest share of loans under relief programs.
China’s central bank urges banks to curb loan growth for rest of 2021: report
The surge in lending during the first two months of the year stoked bubble risks.
Security Bank, MUFG inks deal for expanded cash management access
MUFG’s corporate clients will be able to access Security Bank’s cash management system DigiBanker.
Australian comparison site Finder acquires GoBear brand
Earlier this year, GoBear had announced that it would shut down operations.
South Korea's internet banking transactions up 20.6% in 2020
Daily, there were than 13 million online banking transactions in the country last year.
MUFG names new head of Asia systems office
She will oversee the bank's digital transformation blueprint.
Landbank subsidiary claims Philippines’ first digital banking license
OFBank first began operating in June 2020 as a dedicated thrift bank.
Singaporeans more satisfied with e-wallets than banks in 2020
Customer satisfaction for e-wallets was higher than that of banks.
Citi appoints Kartik Mani as the Head of Consumer Banking in Asia
He replaces Gonzalo Luchetti, who is the new head of consumer banking in the US.
Weekly Global News Wrap: Credit Suisse takes $2.7b hit from Archegos; Deutsche to advise Italy's Carige sale
And US FTC shuts down mobile savings app Beam.
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1. OCBC starts AI stock adviser using data on 4,000 stocks 2. UOB reports flat net profit growth in Q1 despite record fee income 3. J.P. Morgan unveils automated cross-currency payment collection and settling service 4. Sea rebrands digital finance business SeaMoney to Monee 5. Barclays integrates Ant Int’l model to FX hedging platformResource Center
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Productive sectors need more capital to stimulate the slowing economy.
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The Asian connection: China's path to sustainable growth