News

Singtel and UOB relaunch credit card with 12% cashback

The card also removes foreign currency transaction fees, offering increased utility for overseas spending.

Maybank Singapore’s profit before tax down 5.8% to S$363.82m in H1

Net fund-based income rose 17.9% due to balance sheet growth and cost management.

HSBC fined HK$4.2m for disclosure breaches in research reports

It is estimated to have affected disclosures in over 4,200 reports.

StanChart, Ant, Swift launch bank-to-wallet payments using ISO 20022

The first transaction was completed between a StanChart account and an e-wallet.

CBA names Belinda Allen as new head of Australian Economics

Allen is tasked with the bank’s Australian economic forecasts, amongst others.

Ping An Bank past the worst point for net profit growth: analysts

Net profit decline in Q2 was narrower than recorded in Q1.

NAB to require facial biometrics for new customers

Customers will be required to scan an identification document and face match.

SMBC builds Africa presence with four new collaborations

It aims to support trade and investment, financing, and alleviate food shortages, it said.

ANZ prevented, recovered over A$100m in scam and fraud-related funds

Its customers' financial losses to scams fell by 15%, the bank said.

Bank Islam Malaysia profit misses analyst estimates on higher provisions

Fee income lifted operating revenue but was offset by loss provisioning and overheads.

Tazapay nabs fresh funding from Series B round

The cross-border payments firm will also expand to Japan.

Wealthtech serves Hong Kong’s underserved affluent investors

Digital platforms open private markets and lower entry barriers.

Citi Commercial Bank names Galvin Phua as head of markets solutions

He will drive the strategy for market solutions for CCB clients in Asia South and North.

Mastercard names Richard Wormald as new APAC president in 2026

Paul Monnington will take over Wormald’s role as Australasia division president.

China CITIC Bank Int’l, Hang Seng Bank support offshore RMB repo reforms

CNCBI has completed the first batch of transactions, it said.

StanChart, Ant Int’l introduces AI powered treasury and FX solution

It aims to lower FX costs and enhance risk management for Ant Int’l and its clients.