News
SP Payment Service buys 13.8% of Nomupay’s shares for $40m
SP Payment Service buys 13.8% of Nomupay’s shares for $40m
They aim to process client businesses’ payments in Asia and globally.
ANZ names Stephen White as group executive operations
He joins ANZ in November 2025.
HSBC, Allianz Life launch wealth growth and life protection plan in Malaysia
The plan offers a minimum sum assured of MYR1m and payment flexibility.
ADVANCE.CBP, Korea Credit Bureau ink MOU for cross-border credit info exchange
Over 70,000 overseas Filipino workers in Korea will be able to use their credit information.
Chart of the Week: Malaysia’s card payments to grow 4% in 2025
Wider card acceptance and contactless cards will help drive this growth.
Hang Seng unveils MTR Jordan Station Retail Banking Centre
It is open from 11 AM to 7 PM on weekdays.
Standard Chartered names Yusuf Demiral as global head of WRB data, analytics, and AI
Demiral joins from HSBC.
Non-traditional providers reshape B2B payments landscape
By 2030, non-traditional providers could handle 75% of online consumer payments.
Mortgage loans approval increases 2.4% MoM in April
The number of mortgage applications decreased by 7.8% MoM.
Visa launches AI-powered commerce initiative
It is working with Ant Int’l, Grab, and Tencent to enable an AI-powered checkout experience.
Citi nabs BofA banker to lead Chinese banking operations
Wenjie Zhang will join Citibank (China) in July 2025.
SCB, CardX to share credit limit info for credit card applications
The policy is effective 1 June 2025.
Malaysia’s household loans steady at 6% in April
The banking system recorded healthy liquidity buffers, the central bank said.
Credit card, production drive Philippine bank lending growth in April
Loans to non-residents declined at a faster rate.
Natixis CIB names Aurélia Vo Dinh as new APAC head of ASF
Vo Dinh brings 20 years of investment banking experience in her new role.
CIMB’s net profits up 1.9% to MYR 1.97b in Q1 2025
Operating income and non-interest income both contracted.
Gen Zers spur banking reinvention
Young consumers are changing financial norms and expectations.
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1. Singapore banks introduce safeguard for large digital withdrawals 2. Singapore banks lead globally in AI use for financial crime compliance 3. SMBC Group establishes offshoring hub in Chennai, India 4. Private lenders step in as Hong Kong banks cut real estate loan growth 5. CIMB unveils new wealth management platform in MalaysiaResource Center
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Asian Banking & Finance Retail Banking Awards 2025 Winner: Kwong Wah Eric Fan of Shanghai Commercial Bank
Kwong Wah Eric Fan of Shanghai Commercial Bank highlights how the company drives fintech growth through digital transformation.
Commentary
Electronic trading proves its strength in times of volatility