News

Philippine banks’ loans up 11.1% in Nov 2024

Loans to residents grew faster whilst loans to non-residents slowed.

2 in 3 people to own a digital wallet by 2029: report

As of 2024, an estimated 52.6% of the world uses a digital wallet.

WeLab Bank achieves first breakeven in Dec 2024

WeLab Bank credited it to its expanded loan book.

Land Bank of Taiwan secures license to operate in Australia

It can operate as a foreign authorised deposit-taking institution.

South Korea to unveil guidelines for short-selling

It plans to expand the English DART and Open DART services in January.

Luxembourg’s Banking Circle to buy Australian Settlements Ltd.

ASL provides settlement and payment services in Australia.

SEA fintech funding drop 23% to $1.6b in 2024

This is 75% lower than the funding it got in 2022.

How banks can make digital transformation work according to Maybank Securities CEO

Clear goals matter, but effective execution defines transformation outcomes.  

Taiwanese banks’ SME loans rose in November

The bad loans ratio declined by 0.1 percentage point.

Hong Kong launches incubator for banks’ adoption of DLT

Tokenised deposits will be a core focus upon the incubator’s inception.

Nine in 10 SMEs enhances brand image through HKSMEA, Dah Sing Bank initiative

The survey showed that 72.2% acknowledged funding support for certification.

Four factors shaping APAC’s digital retail payments in 2025

Cash remains relevant in Malaysia and Singapore.

XTransfer granted MPI license in Singapore

XTransfer will launch its payments solutions soon.

Taiwanese banks' outstanding loans rises to $1.29t in November 2024

Non-performing loans of these banks totalled $1.98b, reflecting a $50m decrease.