News
Thailand and Cambodia to launch QR code payment system
Thailand and Cambodia to launch QR code payment system
This will streamline the cross-border fund transfer process.
Australian banks rank lowest in global Q3 earnings outlook: UBS
The housing downturn is expected to weigh in on profitability.
Singaporeans ditch bank visits to go mobile
Mobile banking usage has now overtaken branch visits by 15%.
Weekly Global News Wrap Up: UBS profit hits $1.3b; Barclays eyes India return
And Italy's Banca Carige is under investigation for market rigging.
Chart of the Week: Will the HSR cancellation dampen Malaysian banks' loan growth?
The downturn may even offset the strong performance of household loans.
Singapore banks urged to tighten verification processes after SingHealth attack
Financial institutions are discouraged from relying on the stolen information for customer verification.
Philippine banks tie up with Bank of China to launch peso-renminbi spot market
Individuals can soon change renminbi into peso and vice versa.
Thai banks weather digital fee waiver after profits climb 21% to $963m in Q2
Krung Thai Bank’s net profit more than doubled to $230.08m.
India to close a third of overseas public sector bank branches
Around 70 foreign branches may be shuttered by end 2018.
Here's why the abolition of good and services tax is positive for Malaysian banks
The move might offset pressure on construction loans following the cancellation of the High Speed Rail last May.
More bailouts loom as staggering bad loans batter Chinese rural banks
State firms could end up forcing mergers or share capital injections.
South Korean banks embark on hiring spree amidst thawing Northern ties
KB Kookmin Bank is looking for a North Korean affairs specialist to support this endeavor.
Hong Kong's private banking assets hit $7.81t in 2017
More than half of total assets came from overseas locations.
Chinese banking regulator releases long-awaited draft rules for banks' WMPs
CBIRC urged banks to manage WMPs based on net value.
Singapore banks turn to China's wealthy to offset slumping stock markets
Some banks are eyeing family offices to serve Chinese entrepreneurs.
Hong Kong launches Open API framework for banks
The central bank hopes that lenders start deploying open APIs within six months.
Tightening measures are hitting APAC banks more than Basel reforms
Lenders still need to launch extensive Basel implementation plans.
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1. Franklin Templeton gets approval to launch first retail tokenised fund in Singapore 2. Vietnam’s finance sector faces digitalisation challenges despite eased regulation 3. UOB maintains profitability despite possible slower loan growth 4. Japan’s SMBC is buying a 20% stake in India’s Yes Bank 5. GXS Bank names Pei-Si Lai as group CEOResource Center
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