News
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.
Reserve Bank of New Zealand calls for increased efforts in financial inclusion
According to the World Bank, around 50,000 New Zealanders remain unbanked.
SMBC teams up with Euphoria Co. for human capital management services
SMBC will provide digital systems for the visualisation and analysis of the impact of human capital on companies.
Indonesian banks to maintain lending rates in 2025: analyst
MSME borrowers remain weak, but some positive factors are on the horizon.
JCB expands payment options for UK travel application
This ensures a seamless application process for its 158 million cardholders globally.
PCG, Black Bear Merchant Services team up to launch AbbyPay
It plans to expand to Japan, Singapore, Malaysia, and Thailand.
RACQ to sell 90% of insurance business to IAG
If completed, the transaction alter the strategic positioning of the broader group.
Brace for ‘volatile’ credit conditions in APAC for 2025: expert
Lenders may turn more risk-averse and seek higher premia.
Security Bank, FWD Philippines extend strategic partnership
The Philippines’ rising income per capita represents opportunities for expansion.
Major Japanese banks’ profits up 40.29% in H1 FY2024
Their NPL ratio was lower than in March, but still higher than in September 2023.
JCB, AEON, and Biznet launch co-branded credit card
The credit card will offer exclusive discounts and cashback.
OCBC sets up dedicated teams in Singapore, Malaysia to support SMEs
The two teams will comprise 25 experienced bankers.
Japanese regional banks' gross profits rises to $150.3m in September
Net interest income also grew to $137.75m.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. Bank of America appoints Phil Carmalt as head of APAC GPS 4. HSBC Singapore unveils wealth centre at The Star Vista mall 5. Citi names Goldman Sachs banker as head of markets solutions in Asia South & NorthResource Center
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Compliance and legacy systems stall B2B payment shift
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The Asian connection: China's path to sustainable growth