News
DBS’s multi-family office VCC hits S$1b assets under management
DBS’s multi-family office VCC hits S$1b assets under management
They are aiming to hit S$2b in AUM by end-2026.
High loan growth and weaker profitability weighs on Vietnam’s TPBank
Planned injection in a securities company affiliate will also weaken overall capitalization.
Australian regulator’s private credit scrutiny supports market stability: analyst
Better transparency, reporting, and oversight will strengthen the market.
Bank Mandiri's net profit growth to slow in 2025 due to opex adjustment
It is expected to be non-recurring.
Social pressures drive financial misreporting in Singapore
The highest misreporting rates are in the Philippines (47%) and Indonesia (45%).
New Zealand opens ESAS application process to all interested entities
In general, applications will be assessed in the order they were received.
Alipay+ enables overseas tap-to-pay service for Kakao Pay users
Kakao Pay users can now make NFC payments at Mastercard merchants worldwide.
China CITIC Bank Int’l adjusts down HKD prime rate to 5.375%
This is 12.5 basis points lower than the previous 5.5% rate.
Bangkok Bank named custodian of $65.9m private fund
The fund is by PTT Savings and Credit Cooperative, Limited.
ZA Bank surpasses 1 million customers
The Hong Kong-based digital bank saw deposits and card transactions rise in H1.
SMBC’s Bengalaru branch commences operations
Satoshi Onoe serves as head of the branch.
MoneyHero Group returns to quarterly profitability in Q2 2025
Platform membership grew 33% whilst EBITDA loss improved as well.
India’s central bank establishes regulatory review cell
It will ensure the systemic internal review of regulations every 5-7 years.
Regulator urges stronger standards in Australia's private credit sector
A review found opaque remuneration and fee structures, amongst other concerns.
Chart of the Week: Hong Kong card payments to hit $233.5b by 2029
Growing preference for contactless payments will lift the value up.
SCB Easy App unavailable on 5 October 2025
The app is being upgraded during the period, SCB said.
SMBC Group, Jefferies to establish wholesale equities business in Japan
SMBC is also increasing its investment in Jefferies to up to 20%.
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1. Grab takes control of Indonesia’s Superbank via GXS transfer 2. More than half of Filipinos have financial accounts but few hold bank accounts 3. MAS backs Singapore's finance edge as global risks deepen 4. Digital wallets seize 65% of APAC payments 5. Hyundai Card debuts Apple Pay debit cardResource Center
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It is wading downstream from mortgages to lend to developers, hardware stores, and the likes.
Commentary
Built to last: How Japan is approaching the cross-border payments challenge
Asia’s 20% advantage: The simplification strategy rewriting banking from Singapore to Shanghai
Perth is emerging as an unlikely testbed for the future of global finance