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BSP probes bank accounts tied to flood control corruption
BSP probes bank accounts tied to flood control corruption
This comes after a department secretary filed an official request.
Philippine central bank limits daily cash withdrawals, transactions to $8,750
Transactions beyond that must be done through traceable channels like cheques, and online transfers.
Weekly Global News Wrap: Yes Bank ex-CEO charged; US banks cut rates
And a software used by Aussie banks’ is being tested for a possible teen social media ban.
CBA says RBA interchange reforms risk hurting Aussie firms
The Australian bank agreed that debit and credit surcharging should be eliminated.
SMBC to buy additional 4.2% stake in Yes Bank for $101.7m
It has already completed the acquisition for a 20% equity stake in the Indian bank.
APAC instant payments value to reach $170.2b in 2029: GlobalData
China, Japan, South Korea, and India are leading the way.
UOB, Hengfeng Bank, Shangao Holdings ink MOU for Chinese firms’ overseas expansion
They will provide cross-border trade financing and investment banking solutions, amongst others.
ZA Bank backs Hong Kong policies on AI and tokenisation
The Policy Address also introduced support for SMEs.
CBA’s x15ventures teams up with fintech fund Triple Bubble
They will develop a mentorship and talent exchange program.
NAB boards mourns passing of former director David Armstrong
Armstrong was with NAB from 2014-2023.
Hang Seng Bank backs policy measures to bolster markets, finance
Chief exec Diana Cesar said that they will continue to work closely with Hong Kong authorities.
DBS, Franklin Templeton, Ripple launch tokenised fund trading solutions
DDEx will list FT’s sgBENJI token alongside the Ripple USD stablecoin.
Singapore and Hong Kong enhance banking supervision cooperation
It enhances supervision of cross-border operations of banks under their purview.
Atome, Maya partner in $48m deal to expand lending
They will work together to extend flexible payment options to Filipinos.
BDO partners with VinFast, V-Green to boost the Philippines’ EV ecosystem
BDO will support the expansion of the three companies.
DBS launches new Asia Gateway operations hub at PBC Jurong
The bank said DAG houses about 1,000 Operations Group employees.
Hong Kong's banks encouraged to explore tokenised deposits and assets
Authorities are expected to work together to regularise the issuance of tokenised bonds.
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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