News

Bank of Singapore names new head of Hong Kong’s investment solutions group

Joey Tang worked in the Bank of China (Hong Kong) and Citi prior to joining BOS.

PH banks and insurers face MSME credit gap, AI fraud, climate risk

Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.

Philippine banks and insurers called to pursue human-centred AI adoption

AI adoption should be centered on financial inclusion, customer experience, and personalisation.

Digital wealth advisory Endowus introduces OTP verification

There’s also a Whatsapp OTP verification for customers logging in overseas.

HSBC Singapore unveil entertainment platform for Premier Mastercard clients

It offers preferential and exclusive access to certain shows.

Debt consolidation top reason why SG platform workers get loans

Their borrowing behavior shows that they lean on financing to bridge essentia lexpenses.

Metrobank’s net profit up 14% in 2024 on higher loans and deposits

Its pre-provisioning operating profit fell 11%, however.

New Zealand’s central bank governor resigns

Christian Hawkesby will serve as acting governor until 31 March 2025.

South Korea’s industrial lending up $2.27b in Q4 2024

Loans to working capital fell but rose for facilities investment.

Siam Commercial Bank unveils online gold trading service

It offers real-time transactions starting at 0.1 troy ounces.

Finance workers expose data by using personal apps: report

ChatGPT ranked 8th amongst the most common platforms for such violations.

Taiwanese banks’ total outstanding loans rise to $11.89b in Jan

The NPL ratio rose to 0.16% and NPL coverage ratio fell.

DBS CEO Piyush Gupta earned $17.58m in 2024

About $9.35m of this is a deferred award, of which 17.1% will be in cash.

Razorpay rolls out payments platform to Singapore

It offers AI agents and a magic check-out service.

Australia’s G&C, Unity Bank officially merge

G&C will maintain a strong capital position but faces integration risks, S&P said.