News
Indonesia, Malaysia, Thailand name new banks for local currency transaction framework
Indonesia, Malaysia, Thailand name new banks for local currency transaction framework
The banks will facilitate cross-border settlement of trade and investment.
ANZ rolls out home loan policy changes to aid self-employed Australians
Earlier in July, Westpac halved its income assessment to one year.
Chinese banks to see only mild impact from tax on bond interest income
The policy is also likely to increase the financing cost of banks for issuing new bonds.
StanChart sets up JV in Hong Kong to apply for stablecoin issuer licence
SCBHK, Animoca Brands, and HKT earlier participated in Hong Kong’s stablecoin issuer sandbox.
Ant Int’l’s WorldFirst gains Malaysia licence to expand international payments
WorldFirst will expand its product offerings and roll out new services, it said.
Cathay United Bank to make its debut in Japan with Tokyo branch
It plans to assist Taiwanese companies expanding in the market.
HDBank’s profit after tax up 24.26% to $306.28m in H1
The bank cited its digital transformation, credit growth, and risk management.
Citi hires HSBC banker as head of China global banking network
Luen-Yuan Chu will head the corporate banking of international companies operating in China.
DBS’ net profit flat in H1 despite higher tax expenses
Markets trading income rose to its strongest performance in four years.
UOB’s net profit down 3% to S$2.83b in H1 2025
Interim dividend is 85 cents per ordinary share.
India’s RuPay enters partnership to offer better ticketing experience in BookMyShow
Cardholders will enjoy special access to some shows, including early pre-sale access.
1 in 3 financial institutions in Taiwan have adopted AI
87% of banks have adopted AI.
Fintech funding hits $11b in Q2 as average deal-sizes hit two-year high
Mega rounds surged to its highest in three years.
ZA Bank’s Devon Sin joins TransUnion as chief product officer
Sin was most recently the bank’s alternative chief executive.
Banks explore stablecoins as digital currency gains traction
The future of banking deposits is changing due to the growth of stablecoins.
How stablecoins may challenge the traditional payments’ status quo
Stabelcoin transaction volume has exceeded $27t per year, according to official data.
Banks target 2030 cost cuts through transformation efforts
About 1 in 3 see embedding AI as a way to transform their organizations.
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1. MAS cracks down on influencers promoting financial products 2. OCBC to enable scan and pay on all China merchant QRs by Q1 2026 3. MAS expands Ripple’s scope of payment activities in Singapore 4. DANA Indonesia launches verified digital wallet for teens 5. HitPay and Visa to expand Philippine SMEs’ payment acceptanceResource Center
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Asian Banking & Finance Fintech Awards 2025 Winner: Bhagavi Sridharan of Aditya Birla Capital Digital
Bhagavi Sridharan explains how the ABCD app offers a seamless, unified experience across diverse financial products.
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Fighting fraud in the digital banking age