News
Pandemic accelerates Singapore’s cashless push by four years: Visa study
Pandemic accelerates Singapore’s cashless push by four years: Visa study
About 31% of locals pick contactless cards as their most preferred payment options.
Vietnamese banks’ profits to improve: Moody’s
Higher yields from their retail loans will push up earnings.
Singapore banks' full-year loan forecast still at 'modest' 0.3%: report
Whether the uptick can be sustained remains to be seen.
Bank Jago partners with Mambu to enhance digital banking services
The bank will use Mambu’s SaaS banking platform.
BRI Agro partners with Payfazz to offer digital banking solutions
Payfazz agents can now offer Pinang’s savings, lending solutions to their 10 million customers.
Bank of Korea to carry out mock test on functionality of digital currency: report
The test will reportedly start in August and run until June 2022.
Deutsche Bank appoints new regional treasurer for APAC
Ip first joined the bank’s London branch in 2004.
APAC banks face time bomb of risks amidst new climate change policies
Those who drag their feet when it comes to ESG compliance face a future of impairments, reputational damage.
Indonesia mulls digital rupiah: report
The central bank is looking at how it will help monetary policy goals.
HSBC exits US mass market retail banking, sells 90 branches
All personal, advance, and retail business banking customers with turnover below $5m are affected.
Deutsche Bank appoints new head of trade finance & lending in China
Daniel Qian is also head of structured trade & export finance.
Thailand’s KBank unveils sustainability fund for institutional clients
K-SUSTAIN-UI will invest in a sustainability-focused fund managed by JP Morgan.
Hong Kong’s Airstar Bank pilots corporate banking services for SMEs
The pilot trial is open to 100 small and medium enterprises.
Weekly Global News Wrap: Long journey for EU banks' green goals; Wall Street banks to flaunt resilience before Congress
And Greece's Alpha Bank taps JPMorgan, Goldman Sachs for plans to boost capital.
Chart of the Week: Hong Kong card payments value to grow 4.4% in 2021
This comes after two years of decelerating growth due to trade tensions, protests, and the pandemic.
Citi appoints new Singapore head of credit cards and personal loans
Serene Gay will oversee credit cards and unsecured lending covering Citi branded cards.
China’s $1.3t domestic debt hurtles to maturity as defaults surge: report
The huge debt, unprecedented pace of defaults underscores local authorities’ conflicting goals.
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Navigating liquidity challenges for VCs in Asia Pacific
Show, don’t tell: Asian banks need to prove simplification works – here’s how