News

Stablecoin regulation likely to improve after US elections

Stablecoin adoption grows with enhanced tech and regulations.  

SMFG reports $4.86b profit for H1 FY2024

Earnings per share (diluted) is JPY184.72 for the period.

Tokenisation enhances security by limiting credit card use

Cloud-based payments optimise resources during peak demand.

Cross-Border transactions complicate AML compliance for businesses

AI tools used to streamline AML processes and reduce false positives.  

AI drives 1500% growth in deepfake fraud across APAC

Sumsub integrates AI tools to combat deepfake threats and fraud networks. 

Fraudsters use digital injections to bypass camera verifications

Deepfake software could create loopholes in identity systems.

SGQR+ simplifies payments with unified contract for merchants

It streamlines payment processes and improves reconciliation.

Hong Leong Bank blends digital innovation with human touch

Digital-first transformation used to meet modern customer demands.  

Australia targets scams lifecycle with new prevention framework

The framework imposes obligations across digital platforms, banks, and telecoms.

OCBC taps Citi alt chief executive to lead Hong Kong consumer and wealth businesses

Josephine Lee had served as wealth head for retail banking in Citi Hong Kong.

Mongolian banks to benefit from government’s improve support capacity

Eight banks retained their stable outlooks, according to Moody’s Ratings.

Six Bangladeshi banks grapple with higher NPLs and gov’t risks

Three banks will see more BNPLs; two banks face deteriorating asset quality.

Southeast Asia’s BNPL market to reach $53.2b by 2027

Malaysia, the Philippines, and Indonesia are the most promising markets.\

Atome Financial clinches $200m facility for SEA expansion plans

The digital payments platform reported that it turned EBITDA positive in Q1.