News
South Korea kicks off cash-back rewards program to boost card use
South Korea kicks off cash-back rewards program to boost card use
Card users can receive up to $85 in cashback rewards per month.
MAS, Singapore banks build digital platform against money laundering
This will allow sharing of customer and transaction data on money laundering cases.
How to combat fraud in a hybrid banking environment
Financial organizations are called to take the offensive against fraudsters with the use of anomaly detection and analytics.
Independent Reserve gets crypto licence from MAS
It is one of the first virtual asset service providers to obtain full licensure approval.
MAS grants DBS brokerage arm crypto licence
The monetary authority also granted one to an Australian firm.
Hong Kong bankers’ exodus accelerates amidst strict quarantine rules: report
UBS recently shifted to two senior bankers and might move eight more to China.
4 in 5 banks prioritises people over products
81% of banks seek to differentiate their customer experience.
HSBC, Temasek partner to fund sustainable infrastructure projects in Asia
The two hope to dispense over US$1b of loans over the next five years.
Siam Commercial Bank’s restructuring highlights Thai banks’ need for complexity: analysts
The new entity aims to become a regional fintech conglomerate by 2025.
Weekly Global News Wrap: Wells Fargo fined for overcharging commercial clients; Citi charged $1m for swap data violations
And investors are getting $400m from Credit Suisse supply chain funds.
APAC’s mobile wallet adoption chips away at traditional payments’ dominance
Mobile wallet adoption in Thailand, Vietnam far exceed those in the US, the UK.
CTBC Bank teams up with Avaloq to boost private banking platform
The private bank will implement Avaloq’s core banking solution internationally.
Singapore, Malaysia to link real-time payment systems PayNow, DuitNow
Remittances between the two countries reached S$1.3b in 2020.
Negative gov't intervention fuels rise of Malaysian banks’ systematic risks
Officials’ moratorium programs are hurting lenders’ profitability.
China’s shadow banking assets will shrink to eight-year low in H2: Moody’s
Tighter regulations will drive a wedge in the connection between banks and NBFIs.
OCBC Bank announces first sustainability-linked deposit in Singapore
The deposit has a required minimum investment amount of $5,000.
Hong Kong’s Mox Bank appoints Barbaros Uygun as new CEO
Uygun previously served as CEO of ING Bank Austria.
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1. CIMB commits to Kuala Lumpur digital MSME push 2. BSP offers loan relief measures to ease energy price pressures 3. Affin Bank sees AI reshaping Malaysia wealth advisory over next 3 to 5 years 4. Malaysia finance firms see AI ambitions falter as legacy systems block progress 5. UOB faces margin pressure in Q1 as fees easeResource Center
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