News
Fragmented payments system holds back Southeast Asian SMEs
Fragmented payments system holds back Southeast Asian SMEs
KPay’s unified platform addresses SMEs’ time-intensive payment challenges.
DINKs lag behind parents on financial wellness
58% of DINKs have not started making financial plans for their retirement.
MAS aims for robust transition credit demand at COP28 through coalition
TRACTION aims to develop approaches to meet these needs and expand the credit market.
India's microfinance institutions see rising delinquencies
CareEdge warns this could hamper incremental bank funding and equity investments.
Global banks’ credit losses expected to rise by 7% in 2025
About 80% of global banking groups have stable rating outlooks.
AI and data uplift drive Prudential’s tech strategy
Cloud, AI, and data are driving Prudential’s tech-led evolution.
APAC’s affluent move $700b to digital wealth management
These firms are adopting hybrid models that combine digital tools with limited human assistance.
Vietnam digital bank Cake debuts cloud connect CMS with Visa
It is the first bank to implement Visa Cloud Connect on Google Cloud Infrastructure.
Hong Leong Bank's profit outlook positive amidst SME lending boost
It is projected to maintain tangible common equity at approximately 14% of risk-weighted assets.
Banks gain 50% more tech capacity with productivity focus
Generative AI tools to streamline tasks can yield productivity gains of up to 30%.
Hangzhou Finance and Investment cuts property asset dependence
S&P also forecasts HFIG’s debt-to-adjusted total equity (ATE) ratio to improve.
Philippine banks launch PHPX stablecoin
It hopes to take advantage of the $9t global stablecoin transactions market.
China Bohai Bank sells $4.1b in assets to reduce risk
This sale is executed at a 30% discount to face value.
Commonwealth Bank divests wealth unit to LGT, 40 staff move
It is expected to close by mid-2025.
SG, China deepen cross-market ties in green finance and investments
The collaboration aims to boost international investment interest.
HKMA and partners inject US$500m for sustainable finance investments in Asia
The partners will focus on renewable energy infrastructure, energy solutions, and sustainable transportation.
Dyna.Ai and DCS Card Centre partner to enhance financial services with AI
The two companies also partnered earlier this year to leverage AI solutions for collection calls.
Commentary
The Asian connection: China's path to sustainable growth