News

Lawrence Goh is NETS’ newest UOB board representative

He is head of group technology and operations at UOB.

DBS Bank India names Rajat Verma as CEO

Verma will succeed Surojit Shome, who is retiring on 28 February.

Etiqa, Maybank launch Singapore's first Takaful in 10 years

The plan combines ethical investment options with flexible wealth accumulation.

OCBC Hong Kong sells 33% stake in Hong Kong Life

Yue Xiu Enterprises (Holdings) bought the stake from the bank.

Sri Lanka and Vietnam banks to boost 2025 financials

Sri Lanka’s political crises are receding; Vietnam will be lifted by higher loan growth

Philippine banks’ costs to rise; Singapore lenders face slower profit growth

Singapore banks’ net interest margins have already peaked in 2024.

What's in store for payments in 2025?

In emerging markets, digital wallets are evolving into bank account substitutes.

NRIC numbers alone cannot initiate payments, fund transfers: ABS

ABS advised customers to change their login passwords if they are using their NRIC number.

Slower credit growth on the horizon for Cambodian lenders

Earlier covenant breaches will continue to be a problem for some of the banks.

Bangladeshi banks’ weak profitability to continue in 2025: analyst

Asset quality will be challenged by weak lending standards and foreclosure laws.

Bank Jago teams up with Google Cloud for gen AI, data analytic capabilities

Google Cloud’s data encryption will help safeguard the bank’s AI models.

GoTyme Bank reaches 5 million users in 2024

The bank is aiming to reach 9 million customers by end-2025.

Banks may be ill-equipped for demands of real-time payments

Stronger fraud prevention and anti-money laundering measures are needed.

Fitch forecasts growth in Philippine Islamic finance sector

The government plans to incorporate sukuk in its 2025 financing mix. 

JCB expands contactless payment services to New Jersey public transportation

The service will be available on contactless bus and light rail validators.

Singapore bankers to see up to 30% pay rise in 2025

But overall hiring trend remains cautious with employers opting for replacement hiring.