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Digital banks won't be a threat to big Singaporean banks: analyst
Digital banks won't be a threat to big Singaporean banks: analyst
Singapore poses as a hard-ground for virtual entrants.
New regulation may promote Islamic banking in the Philippines
But Islamic banks are not expected to take significant market share in the medium term.
Morgan Stanley looks to hire 30 private bankers for Asia
The bank’s record 2019 profit was partly anchored by its wealth business.
Inside Hong Leong Bank's digitalisation journey
The lender has set aside as much as 20% of its FY19 operating expenses on tech.
Bushfires to have modest effect on Australian banks' credit losses: analysis
But losses from business lending could increase.
Thai banks' net profits expected to grow 27% in Q4 2019
But earnings are down 6% over the same period due to higher operating expenses.
Weekly Global News Wrap: Goldman Sachs launches online bank app; Visa buys Silicon Valley startup Plaid for $5.3b
And Wells Fargo’s new CEO sets $1.5b for legal costs of sales scandal.
South Korea and China are Asia's cashless leaders
More than half of Korea’s 1,600 bank branches no longer accept cash deposits or withdrawals.
Global FX market daily turnover hits $6.6t in 2020
A 40% increase in daily forex trading volume was noted over the last decade.
Australian borrowers hit by bushfires face risk of inadequate insurance coverage
Disruptions on local employment could drive arrears up.
Australian fintech firms raise over $2.7b from 2015-2019
Deals over $100m comprised 41.9% of capital raised.
Data to determine success of Singapore digital bank aspirants
Eight publicly known applicants want to focus on the country’s underbanked segment.
Surge in Philippine property prices threaten banking system
A boom in the POGO sector led to a 10% YoY rise in residential real estate prices in Q3 2019.
Indian card payments surge amidst cashless efforts
Total number of card payments quadrupled from 2 billion in 2015 to 7.8 billion in 2019.
Indian retail banks could claim bigger share of housing loan market in 2020
NBFCs and HFCs have reduced disbursement rates.
Chart of the Week: Malaysian card payments to hit $81b by 2023
The interchange fee cap and adoption of new financial tech is helping reduce cash reliance.
Weekly Global News Wrap: Absa signs $497m deal to boost African lending; Goldman Sachs' consumer arm earned $822m
And Citibank appoints David Chubak as head of retail banking.
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1. Franklin Templeton gets approval to launch first retail tokenised fund in Singapore 2. UOB maintains profitability despite possible slower loan growth 3. Sea rebrands digital finance business SeaMoney to Monee 4. Japan’s SMBC is buying a 20% stake in India’s Yes Bank 5. Vietnam’s finance sector faces digitalisation challenges despite eased regulationResource Center
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