News

Singapore fintechs give China a run for its money

Ride-hailing firm Grab nabbed a place in the top five.

Thai lenders bank on revamped apps to sustain growth

Krung Thai Bank and Kasikornbank have updated their apps.

Korea's shrinking bad loan record at risk as SOHO loans turn sour

Such loans accounted for a fifth (22%) of total bank lending as of end-June.

Hong Kong bank loan growth may halve to measly 3% in December

The steep decline is partially due to higher interest rate environment.

South Korea cracks down on bank lending to cool housing market

Banks must cap the volume of high-risk loans they extend.

Hong Kong's blockchain-powered trade finance platform goes live

eTradeConnect will digitise the paper-intensive process.

Chart of the Week: What's dragging the growth of Islamic banks in ASEAN?

Malaysia and Indonesia are still trailing behind their GCC peers.

Chinese banks' profit rally cut short as loans turn sour

The pressure on asset quality will be heavier in 2019.

Australian banks shed $13b in assets in downsizing spree

CBA sold its asset management business for $2.9b.

Japanese banks trial blockchain technology to settle payments

Fujitsu has been tapped to develop the application.

Malaysia lowers cash transaction threshold in fight against dirty money

Hard-cash circulation has ballooned by 150% in the past decade.

Hong Kong beefs up e-wallet identity verification

Enhanced security features include two-factor authentication process.

E-wallet war heats up in Vietnam as banks join fray

Four more banks received clearance to operate e-wallet businesses.