News

Taiwanese banks' outstanding loans rises to $1.29t in November 2024

Non-performing loans of these banks totalled $1.98b, reflecting a $50m decrease.

Vietnam's banking system poised to achieve 16% credit growth: SBV

The growth targets for credit institutions will be determined based on their 2023 ratings.

Reserve Bank of India lifts restrictions on Asirvad Micro Finance, DMI Finance

It issued a cease and desist order from loan sanctioning in October 2024.

Global network tokenised transactions to double to 574 billion by 2029

Network tokenisation's role in securing digital payments will drive merchant adoption.

Singapore sees $2.1m lost in credit card fraud over three years

Card scheme operators have implemented the 3-D Secure protocol for added security.

South African fintechs look to Hong Kong for funding

Tax perks and access to Africa await foreign investors.

Philippine digital lending may exceed $1b in H2 2025

Digital lenders may make up 55.2% of the market share, says Digido.

ZA Bank to give out cash equivalent to 1 Bitcoin

You can earn points by doing crypto investment related activities in the app.

Global banking industry faces headwinds amidst shifting monetary, political landscapes: BOC

It is expected to see pressures on profit growth and uneven expansion.

PAObank, Mybooster launch cross-border e-commerce revolving loan

It offers funding of up to $5m, with tenor extending up to six months.

Dah Sing Bank warns against fake website

The bank has reported the incident to the Hong Kong Monetary Authority.

Johor-Singapore economic zone seen attracting regional firms: OCBC

In 2024, OCBC supported about 260 new mid-sized enterprises to set up shop in Malaysia.

HSBC clinches Citi banker to head int’l wealth hub in Singapore

Chin brings 22 years of experience in wealth management and retail banking.

Malaysian banks’ earnings growth to moderate from slower NII growth

Loan growth is expected to recover thanks to more business loans.

BEA teams up with GRCB to expand WMC southbound business

GRCB is BEA’s first WMC partner bank outside the BEA group.