News
4,800 phishing incidents monthly in India's banks
4,800 phishing incidents monthly in India's banks
Banks use GenAI apps at a lower rate than other sectors, likely due to stricter controls.
Bank Australia eyes growth with AUB buy
Currently, AUL is expected to continue supporting AUB until the transfer is complete.
Citigroup’s profitability set to grow by 2025: Moody’s
Thanks to continued robust liquidity and strong capital levels.Citigroup and Citibank are expected to have a stable outlook, reflecting confidence in Citigroup’s transformation toward a simpler and safer business model, a core focus for the board, management, and regulators, according to Moody’s Ratings.
Techcombank to sustain strong loan growth
It is also expected to maintain a risk-adjusted capital (RAC) ratio of 5.0 to 5.5%.
Australian banks struggle to meet mobile app expectations
Despite increased usage, customers rate experiences as average.
PayPay and Alipay+ expands partnership to extend e-wallet payment options across Japan
Alipay+ will connect to over 3 million local merchants in the global payment ecosystem.
Maybank Singapore taps PracBiz to streamline supply chain finance
The partnership targets businesses in the fast-moving consumer goods sector.
OCBC launches near-instant P2P transfers to WeChat Pay and Alipay
It also aims to expand the service in Indonesia and the Philippines by 2026.
Evercomm, CTBC Bank to develop AI-powered green financing platform
The platform aims to advance green financing.
Ant Int’l launches digital sustainability scorecard for MSMEs
The scorecard offers actionable insights for MSMEs to enhance ESG credibility.
UOB’s net profit climbs to $3.42b YTD amidst fee income growth
The quarter’s earnings surged 16.5% YoY.
OCBC’s Q3 2024 net profit rises 9% to $1.50b
Operating expenses rose 9% to $1.11b.
Cross-border payments grow with tech and regulatory support
E-commerce, real-time networks, and digital standards drive payment volume expansion
Regulatory gaps and rising demand fuel islamic banking boom in Asia
Asia’s Islamic banking sector is expanding rapidly.
Over half of banking executives struggle with data silos: report
This is due to technological barriers and cost constraints.
Australian banks' credit risk rises amidst high debt, economic uncertainty
National Australia Bank reported an 8.1% decline in cash earnings.
Visa launches new products to boost flexibility, security in APAC
It also partnered with QR payment providers across the region for cross-border payments.Visa has introduced several new products and services aimed at enhancing payment flexibility and security in Asia Pacific.
Commentary
The Asian connection: China's path to sustainable growth