News
HKMA adds new spatial dataset via Open API
HKMA adds new spatial dataset via Open API
It includes details on five types of self-service banking machines of 20 retail banks.
HSBC India launches premium credit card for private banking clients
Wealthy cardholders in India increased their credit card spending by 87% in 2023.
DBS names new Singapore country head, group head of IBG
Han Kwee Juan and Lin Him Chuan will take over their new roles on 1 Jan 2025.
New action plan to advance China's digital finance sector by 2027
It focuses on digitalising financial institutions and leveraging data and technology.
BNY names Ashvin Parkash as head of global markets trading for APAC
Parkash joins from Nomura and brings 25 years of industry experience to the role.
Japanese banks see loans and deposits rise in November
Foreign banks saw their total yen-denominated loans jump 25.2% YoY.
Vietnam’s Cake Digital Bank achieves profitability
Revenue per user is US$12 in 2024, and payment transactions are $4.7b.
HSBC appoints Annie Lim as GPB desk head for Singapore
Lim joins from Lombard Odier and spent 11 years with Credit Suisse.
Reserve Bank of India raises offline payment limits
The cap for transactions increased to $11.81 from $5.90.
Australia’s ANZ appoints HSBC wealth head as next CEO
Nuno Matos will receive $2.5m fixed remuneration per annum and will relocate to Melbourne.
HKMA fines CITIC HK$4m over anti-money laundering breaches
The bank failed to generate alerts for suspicious transactions between November 2015 and July 2018.
Banks to face trade tensions, tariff-linked policy shifts, and property woes in 2025
The still-high interest rates might push banks’ credit losses to increase by 7% in 2025.
IT leaders told to prioritise basic strategies to unlock AI potential: report
Around 70% of companies have implemented formal data strategies for their IT locations.
China, Philippine banks most impacted with rate cuts: Fitch
Their net interest margins are likely to decline until fiscal year 2026.
SCB’s Mae Manee app temporarily available on Dec 13-14
It will be down from December 13, 11PM to December 14, 5AM
Ant International joins SWIFT program exploring cross-border treasury mgmt
The program explores business scenarios on cross-border end-to-end transactions.
Bank of East Asia foresees ‘moderate’ economic growth in Hong Kong for 2025
Home prices are slated to recover by around 5% in 2025, BEA’s chief economist said.
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1. Etiqa, Maybank launch Singapore's first Takaful in 10 years 2. Johor-Singapore economic zone seen attracting regional firms: OCBC 3. HSBC clinches Citi banker to head int’l wealth hub in Singapore 4. OCBC launches bespoke tokenised bonds for corporate investors 5. DBS Bank India names Rajat Verma as CEOResource Center
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ABF Corporate & Investment Banking Awards 2024 Winner: Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank)
VietinBank won Project Infrastructure Finance Deal of the Year - Vietnam at the ABF Corporate & Investment Banking Awards 2024.
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Embracing Change and Capturing Opportunities with Insights from Leading Chinese Banks