News
Korean banks forge consortium to develop blockchain-based mobile identification
Korean banks forge consortium to develop blockchain-based mobile identification
It will allow individuals to store key personal information needed for online transactions.
Full go-live of SWIFT gpi for corporates kicks off
It allows multi-banked corporates to track transactions through a single standardised views.
Hong Kong banks' loan growth rose 3% in May
HKD loans were buoyed by mortgage demand.
Weekly Global News Wrap Up: UK banks hit by Brexit-induced investment slowdown; Deutsche Bank to pay $197m to settle bribery case
And BNP Paribas will pull out from financing private prison firms.
Chart of the Week: Thai banks' bad loan ratio hit 3% in Q1
SMEs’ bad loan ratio continued to grow from 4.4% to 4.6%.
Vietnamese banks eye offshore capital to meet Basel II regulations
Tien Phong Commercial Joint Stock Bank could seal Vietnam’s first USD-denominated note issuance.
Japanese regional lenders tie up to combat low interest rate environment
Bank of Yokohama and Chiba Bank’s agreement include retail banking, database marketing and M&As.
Taiwanese bank branches drop to eight-year low in May
Banks have yet to apply for an application to open a new branch since the start of the year.
Malaysian banks' core net profit fell 2% in Q1
AMMB’s net profit crashed 36%.
Hong Kong's laid off banking expats struggle to find jobs
Expats may turn to lower-paying options following Deutsche and Nomura's job cull.
Virtual banks may only account for less than 1% of Singapore loan market by 2022
Retail upstarts may account for 0.3% market share and wholesale challengers will take 0.9% of the market.
Korea resumes applications for third internet-only bank
Rejected applicants Toss Bank and Kiwoom Securities are welcome to re-apply.
Chart of the Week: Can households buoy Malaysia banks' loan growth?
The sector makes up 5.7.8% of the total loans.
Weekly Global News Wrap Up: Societe Generale reportedly eyeing to sell UK private banking arm; Wells Fargo slapped with $6.61m fine in Ireland
And bank licensing boom hits South Africa.
How GoBear makes financial comparison easy for the everyday consumer
Its platform matches users with financial products like insurance, credit cards, and trade finance.
Banks cash in on Vietnam's micro-consumer loan segment
The sector’s interest rates could exceed 50% per year.
Islamic financing in Indonesia lags Malaysia and Brunei
Government initiatives could boost halal economy and bolster demand for Islamic financial services.
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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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