News

Neobanks serve 1 billion customers but lending gap keeps profit out of reach

Neobanks serve 1 billion customers but lending gap keeps profit out of reach

Finastra and Moody's say moving from transaction revenue to lending and relationship pricing is what closes the profitability gap.

DBS lends $273m to ETAFCo amidst push to cut Asia's coal reliance

The loan will fund grid upgrades, battery storage, and renewable assets.

HSBC rolls out TradeCash in Singapore

Customers can draw down a loan using sales invoice data.

Australia flags excessive car finance fees in eight-lender review

One customer paid $6,222 in fees on top of typical lender and distributor fees.

TMBThanachart’s NIM to rise to 2.92% in Q2 as loans shrink

The bank is focusing on higher-yielding loan segments.

South Korean bad loans climb as new delinquencies outpace resolutions

There were more unsecured loans and less resolved loans in April.

ASB Bank fined $3.84m for 7 AML breaches

The bank admitted to seven breaches of AML/CFT rules.

ShanCom Bank offers exclusive mortgages for Henderson buyers

Buyers are offered a cash rebate of up to 1.3% and first-year home insurance.

Citi bolsters APAC DCM franchise with hires from HSBC and UBS

Anthony Yap joins Citi in Sydney whilst Maria Chua joins the bank in Hong Kong.

Green Link posts eightfold income growth on disciplined SME focus and AI investment

Green Link says digital banks fail by mimicking traditional models as agentic AI offers a way to serve SMEs at lower cost.

HSBC Australia fined $24.53m over scam protection failures

HSBC admitted to inadequate scam controls in its internal transfer system between May 2023-2024.

NAB deploys AI analytics tool saving 2-4 days per use case

Genie translates plain English questions into structured SQL queries.

ANZ opens 27 branches on Saturdays for home loans and specialist banking

There will be no over the counter services on Saturdays.

Taiwan SME loans rise $2.27b in April with bad debt ratio improving

Average NPL ratio was 0.20% and lower than in March.