News
Atome Financial clinches $200m facility for SEA expansion plans
Atome Financial clinches $200m facility for SEA expansion plans
The digital payments platform reported that it turned EBITDA positive in Q1.
Norinchukin Bank reports JPY893.9b in losses for H1 FY2024
Its capital ratios have increased.
Crypto exchange OKX unveils zero-fee SGD deposits and withdrawals
The deposits and withdrawals will be facilitated by local bank DBS.
India’s deposits surpass loan growth in Oct-Nov 2024
Higher term rates helped push up deposits, according to CareEdge.
Mobile banking threats grow with advanced AI tactics
AI powers mobile banking defence against rising cyber threats.
AI drives fraud prevention with behaviour-based anomaly detection
Fraud detection, data quality, and fostering trust are amongst AI’s top roles.
Digital wallet transactions scale easily via cloud environments
Digital wallets are driving demand for scalable payment solutions.
Poor preparation hinders AI’s potential in financial services
Readiness and governance are the key to success in AI adoption.
Indonesian banks to see less intense loan competition in 2025
Banks are looking to solidify their market share.
Export-Import Bank of Thailand faces elevated asset quality risk, profit pressures
Its gross NPL ratio rose whilst profitability declined in the first half of 2024.
BOCHK warns against phishing websites
The websites have bill settlement pages with links that intend to steal customers' data.
Public Bank’s profitability to continue outperforming industry: Moody’s
It is expected to maintain a low problem ratio through 2025.
Nanyang Commercial Bank needs more loss provisions to resolve property woes
The bank is expected to face profitability and asset quality challenges through 2025.
Hong Kong credit card receivables down 0.6% in Q3
The delinquent and rescheduled ratio was 0.4% in end-September.
Enhanced SME Financing Guarantee Scheme officially in effect
The enhancements aim to alleviate repayment pressures for SMEs seeking loans.
New Zealand's credit and charge card payments market to reach $39.6b by 2028
This is thanks to the consumer shift towards electronic payments.
ICBC Asia net profit rise 9.58% to $547.2m in H1
Non-interest income rose by 67.01%, although fee and commissions declined.
Commentary
The Asian connection: China's path to sustainable growth