News

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.

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.