News

China launches risk hedging tool to ease jitters after Baoshang Bank takeover

It is offered to investors in the $289m worth of six-month certificates of deposit.

New Hong Kong virtual banking licenses spur demand for data jobs

The hottest roles will include data scientists, UI engineers, and full stack developers.

Korean banks step up game to lure baby boomers

KEB Hana will create a taskforce to focus on premium pension products.

Singapore banks' bad loan ratio to hit 1.7% by 2020

Blame higher delinquencies from SMEs and non-financial firms.

Taiwan embraces facial recognition in online banking

Taishin Bank will utilise the technology for clients with iPhone X by Q3.

Korea banks on big data infrastructure

It will create a financial data exchange for financial players in the country.

Open banking could uplift Australian banks

The big four banks will be required to make data available for transactions by February 2020.

Here's why Indian shadow banks are looking overseas

They have already clinched more than $2b worth of overseas bonds and loans in 2019. Bloomberg reports that shadow banks in India are looking outside the country in search for earnings amidst lenders that have been hesitating in extending funds.

Singapore banks' loan growth slows further to 1.37% in April

Housing loans fell to a three-month low at $202.76b.

Thailand eyes integrating biometrics into account openings by Q3

Exits for the trial period of the service could start in Q3 2018.

Tougher mortgage rules await smaller Korean banks

The scheme is an attempt to help stabilise home prices. Korean second-tier banks will be subject to more stringent mortgage rules called Debt Service Ratio (DSR) by June, reports Yonhap. The move is an attempt from authorities to dent the growth of household debt and stabilise home prices.

Here's where alternative lending thrives in Asia

The land of GoPay and OVO is no man’s land for banks.

Taiwanese banks eye shorter banking hours as more clients opt for online banking

A number of branches by Taiwan Business Bank will close an hour-and-a-half minutes earlier.