News
Krungthai Bank strengthens business position with higher profitability
Krungthai Bank strengthens business position with higher profitability
KTB has notably closed its profitability gap with peers, according to S&P.
Singapore banks slated to cut capital buffers as they seek growth
Banks have set plans to do so, says S&P.
Citi Private Bank unveiled new philanthropy advisory solutions in Asia
Services include donor-advised funds or funding donations through charity partners.
StanChart champions ISO 20022 XML for seamless cash reconciliation
It reduces the need for banks to manually intervene in the process, the bank said.
UnionBank strengthens climate risk strategies with adaptive financing
The bank offers loan restructuring, pop-up banking for disaster-hit communities.
SCB, GLN launch cardless ATM withdrawals for Korean tourists in Thailand
Tourists just need to scan a QR code via their app.
India and Mauritius ink MOU for local currency use in cross-border transactions
It covers all current account transactions.
Digital bank platform ANZ Plus reaches 1 million customers
Over half (55%) consider it their main bank account.
BPI integrates 10 Robinsons Bank branches to branch network
These include 5 branches in Metro Manila and 1 branch each in Cebu and Zamboanga.
Fintech investments slated for revival on more digital asset deals
Deal value for crypto, blockchain, and digital assets hit just shy of $1b in 2024.
Local, Belmoney partner to expand cross-border payments in Asia
Belomey will leverage local and alternative payment methods across 6 markets.
SCB X eye more profits from Gen 2 firms as Thai corporates cut bank loans
Its banking services loan portfolio contracted in 2024, whilst those from Gen 2 expanded.
Australia’s Westpac unveils the Social Tailored Deposit
The minimum deposit is A$1m and will be directed to socioeconomic initiatives.
CommBank accelerates AI adoption with expanded Anthropic partnership
The Australian bank will focus on personalisation and safety.
CommBank rolls out discounts to small business with Yello for Business
Customers receive discounts on various brands and exclusive pricing on Samsung products.
Malaysia’s central bank appoints new deputy governor for supervision and regulation
BNM also announced a new technical adviser and an assistant governor.
SMBC Aviation Capital receives $445m settlement for terminated Russian contracts
SMBC expects to record equity gains of affiliated companies amounting to $250m.
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He advises that fintechs must align tech investments with business goals and evolving customer expectations.
