News
Malaysian banks’ profits to recover faster than SEA peers: Moody’s
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.
HSBC Singapore launches instant digital bank registration via SingPass
Customers need only to input their SingPass credentials in order to open an online account.
Internet banking transactions in South Korea rose 20.6% in 2020
Daily, there were than 13 million online banking transactions in the country last year.
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.
ABF Wholesale Banking, ABF Retail Banking and ABF Corporate & Investment Banking Awards 2021 now open for nominations
Be a part of the prestigious celebration on 1 July.
MUFG's securities unit warns $270m in losses from unnamed US client: report
The losses will be reflected in the unit’s first quarter financial statement.
Sumitomo Mitsui Banking Corp, JICA launch sustainable finance framework
The framework will apply to overseas co-finance loans.
Philippine card payments to grown 15.4% in 2021
The revival of economic conditions and vaccine distribution will spur card spending.
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1. UOB reports flat net profit growth in Q1 despite record fee income 2. Sea rebrands digital finance business SeaMoney to Monee 3. Barclays integrates Ant Int’l model to FX hedging platform 4. DBS’ net profit fell 2% to S$2.9b in Q1 2025 on higher tax expenses. 5. Japan’s SMBC is buying a 20% stake in India’s Yes BankResource Center
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Event News
Industry experts discuss how to navigate Vietnam’s challenging digital landscape at the Asia Banking and Finance and Insurance Summit.
Commentary
Young Malaysians, big money mistakes: What’s going wrong with Islamic financial behaviour?
The Asian connection: China's path to sustainable growth