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Singapore seeks to be Southeast Asia's virtual bank and fintech hub
Singapore seeks to be Southeast Asia's virtual bank and fintech hub
It seeks to tap into a digital channels market which could be worth $110b by 2025.
Australian banks' earnings to remain under pressure in FY2020
No thanks to growing customer remediation costs.
Indonesia's wealth management prospects brighten over affluence growth
Mass affluent individuals are expected to grow to 1.6 million by 2022.
Philippine household lending grew 26.2% in September
This was due to growth of motors, credit card, and salary-based consumption loans.
Chart of the Week: China to dominate Asia's retail lending market
The domestic market will grow at a CAGR of 13.7% from 2019-2023.
Cards gain traction in cash-heavy Japan
Total card payments value will hit over $750b by 2022, according to analysts.
Malaysian banks still struggle with sluggish loan growth
Loans grew by just 3.8% in September amidst persistent weakness in business loans.
Which credit card enjoys the highest customer satisfaction rate in Singapore?
AMEX pulled ahead of DBS and PSOB.
Chinese banks risk losing $61b revenue in payments by 2025
Digital payments and non-banking payment service providers are displacing them.
Thai banks hit by sluggish growth
Earnings rose by a marginal 1% in Q3.
Job-hopping banking tech talents in Singapore could command up to 15% raise
They are in hot demand as the city prepares to grant virtual bank licenses.
Australian banks may issue euro bonds to meet capital requirements
They will need to raise $34.32-41.87b worth of Tier-2 capital by 2024.
RuPay ends Mastercard and Visa duopoly in India
The number of debit cards issued hit 605.3 million.
Philippines pushes for national QR code standard
The National Quick Response (QR) Code Standard aims to boost financial inclusion.
Hong Kong bank profits may take hit amidst protests: report
Asset quality will also weaken, according to analysts.
1 in 3 senior financial officers worried about global recession risks
27% flagged the impact of trade tariffs on their businesses.
$50b capital shortage may hit Indian banks in case of NBFC stress: report
State banks would be hit harder.
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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. Vietnam’s finance sector faces digitalisation challenges despite eased regulation 4. Japan’s SMBC is buying a 20% stake in India’s Yes Bank 5. GXS Bank names Pei-Si Lai as group CEOResource Center
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