News
South Korea posts record high FX deposits in June
South Korea posts record high FX deposits in June
The ongoing pandemic pushed businesses and individuals to boost holdings.
Majority in APAC still hope to move from LIBOR despite pandemic: poll
Three-fifths have have seen their transition plans grinding to a halt.
Australian banking watchdog seeks to update dividend hold policy
It said that the local economy is now less uncertain than in April.
MUFG Bank to digitize personal stamp forms with robotics, AI
The lender will digitize over 300 million pages of paper forms stored in warehouses.
South Korean regulator to end repo agreements
This is due to improved market liquidity and reduced demands.
How Lendela streamlines customers' loan application process
The platform matches up customers’ loan needs from banks and lenders.
Consumer spending to spur growth in Taiwan card payments
The value is expected to reach $200.2b by 2024 at a CAGR of 7.6%.
Singapore central bank fines trust firm for money laundering holes
Asiaciti Trust committed money laundering breaches between 2007 and 2018.
APAC banks face $1.27t in credit losses over the next two years
Chinese banks will account for $398b losses in 2020.
Weekly Global News Wrap: Germany to discuss Wirecard fallout; UBS Q2 profit falls 11% to $1.23b
And investors sue Deutsche Bank over Jeffrey Epstein scandal.
China to look into banks' quarterly green finance practices
Metrics include green finance share of total business mix.
Chart of the Week: Lockdown easing drives card payments recovery in India
Fear of COVID-19 spread is driving consumers towards digital payment tools.
Global banks interested in Taiwan after passage of Hong Kong security law
The government sees the shift as a way to reinvigorate economy.
Ant Group has picked banks for $10b Hong Kong IPO: report
The company could seek a valuation of at least $200b, according to sources.
Goldman Sachs execs in Malaysia for 1MDB talks: report
Malaysia's finance minister is hopeful that it will help recover lost assets.
India mulls reducing number of state-owned banks to five
The first part would entail the sell-off of majority stakes in six lenders.
Hong Kong banks suspend return-to-office plans amidst new wave of infections
As many as 70% of Citigroup’s staff will be working from home.
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1. OCBC new investors triple as bank braces for 2026 gold, silver uptick 2. How digital payments are forcing QSRs to rebuild checkout and staffing 3. DBS pilots Visa Intelligent Commerce for agent-initiated payments 4. Japanese banks face bond yield shocks as yields hit 2.23% 5. BEA’s profit down 24% to $447.87m in 2025 as China losses mountResource Center
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Commentary
Asia’s banks hold the mandate to innovate. Now they must earn it.
Why Asia's banks are rebuilding their credit infrastructure in 2026
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Human Sparsity Blockchain: A citizen-validated ledger for digital finance supervision
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