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Standard Chartered faces legal battle over $2.7b fraud claims in 1MDB case
Standard Chartered faces legal battle over $2.7b fraud claims in 1MDB case
The liquidators alleged that it permitted over 100 transfers related to the scandal.
OCBC app enables text resizing in English and Mandarin
About 70% of app screens have been covered in the initial rollout.
MAS proposes revisions to PHS, complex products framework
Investment-Linked Policies (ILPs) will require a PHS under the proposals.
UOB, Frasers Thailand to support investments in Thailand, Vietnam, Indonesia
UOB Thailand will offer financial solutions to business expanding in the three countries.
Ant launches agentic AI travel companion embedded in mobile wallets
The service is available in Alipay, AlipayHK, and GCash to start.
Bank Mandiri’s interest margin upper target 'challenging' to attain
Loan growth momentum could pick up in the second half of 2025.
Bank Australia’s Qudos merger solidifies its competitive position
Its Qudos and Australian Unity Bank mergers are not expected to disrupt core activities.
Malaysia’s private sector loans up 5.4% in May
Business loan growth accelerated whilst corporate bond growth moderated.
DBS offers cardholder deals, rebates at over 680 retail outlets
These include partnerships with Cold Storage, CS Fresh, and 7-Eleven, amongst others.
Mizuho Bank began streaming prices on SGX FX
The bank aims to offer enhanced service and unprecedented access to real-time market data.
South Korea's average deposit, loan interest rates fell in May
Interest rate on new deposits fell 8 basis points from a month earlier.
JCB enables Apple Pay for Vietnamese cardholders
JCB cardholders from Vietcombank, MBBank, and VPBank will enjoy the new service.
Citi nabs Nomura senior MD as co-head of investment banking in Japan
Citi managing director Taiji Nagasaka will lead alongside new hire Akira Kiyota.
Philippine thrift banks grew total assets by 6% to $19.5b t in 2024
Lending activities rose by 14.7% during the year.
Chart of the Week: HK credit and charge card market to reach $132.4b
Banks are rolling out new services, such as a mobile virtual card and a dual-currency card.
CommBank deploys AI-powered bots to fight scams
The bots engage scammers, gather intelligence, and disrupt scam operations, it said.
ANZ’s group executive for technology and group services is retiring
Gerard Florian will pursue a “non-executive career”, the statement said.
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1. MAS cracks down on influencers promoting financial products 2. OCBC to enable scan and pay on all China merchant QRs by Q1 2026 3. MAS expands Ripple’s scope of payment activities in Singapore 4. DANA Indonesia launches verified digital wallet for teens 5. HitPay and Visa to expand Philippine SMEs’ payment acceptanceResource Center
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Asian Banking & Finance Fintech Awards 2025 Winner: Bhagavi Sridharan of Aditya Birla Capital Digital
Bhagavi Sridharan explains how the ABCD app offers a seamless, unified experience across diverse financial products.
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Fighting fraud in the digital banking age