News
Financial services professionals more optimistic about bonuses in 2025: report
Financial services professionals more optimistic about bonuses in 2025: report
The largest expected bonus increases are projected for professionals in private credit.
Hong Kong bankers to see 15% to 20% salary hikes next year
But middle and back-office recruitment is expected to focus on replacing existing roles.
167 financial services firms adopt AI initiatives: report
Nearly 80% financial services companies have launched at least one AI initiative.
ZA Bank’s Rate Watch offers $114 for lower interest proof
Users can still receive up to $24.20 even if a loan application is unsuccessful.
CIMB launches Malaysia’s first e-invoice payment terminal
The device also functions as a standalone Point-Of-Sale (POS) system.
Ant Int’l sees growth in 4 divisions, Alipay+ holds 1.6 billion users
Cross-border transactions processed via Alipay+ tripled year-on-year in 2024.
How much do Malaysian FI boards really cost?
Board chair retainer fees were typically 1.3 to two times higher than other board members.
South Korean banks' delinquency rate inches up to 0.48% in October
Resolved loans decreased by $1.8b month-on-month.
Panin Bank acquisition could boost DBS, OCBC profits
A full acquisition could increase fiscal year 2025 PATMI by 2% to 3%.
Global cryptocurrency market to growth by $34.5b in 2028
Key driver includes increased investment in digital assets.
Trust Bank gamifies new goal-based saving feature
It allows users to set personalised savings targets and manage up to five pot.
HSBC sued by Australian regulator for allegedly failing to protect customers from scams
The regulator claimed HSBC's local operator received 950 unauthorised transaction reports.
UOB taps Leong Yung Chee as new CFO
The appointment will take effect on 22 April 2025.
Beyond Bank, Cognizant modernize IT systems
It includes upgrading Beyond Bank’s End User Compute (EUC) systems.
BEA and IDA launch HKD-pegged stablecoin
The initiative includes a trial involving a local payment gateway.
Taiwanese credit card balance at $3.49b in October
There were 38.72 million active credit cards during the month.
Taiwanese banks extended $169.21m in SME loans in October
Loans extended to SMEs accounted for 64.2% of total loans.
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1. Revolut Singapore hits first year of net profitability in 2024 2. DBS and OCBC expected to report lower margin in Q1 on SORA easing 3. Union Bank of the Philippines ‘aggressive’ growth strategy brings more problem loans 4. Bank of America appoints Phil Carmalt as head of APAC GPS 5. HSBC Singapore unveils wealth centre at The Star Vista mallResource Center
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