News
Bangkok Bank connects with China’s fund transfer network
Bangkok Bank connects with China’s fund transfer network
This is expected to reduce transaction times and costs for export-import businesses.
Kookmin Bank profitability to decline on higher costs and narrowing NIM
It faces increasing delinquencies of SME loans, Moody’s said.
KB Financial Group’s stable profile carried by non-bank subsidiaries
But the subsidiaries’ credit profiles weakened in the recent downcycle.
ANZ Bank set to unveil password-less web banking in mid-2025
Authentication will be done through biometrics or log-in request app approval.
ING’s net profit down 7.8% to $1.64b in Q1 2025
Its full-year 2025 targets remain the same.
BSP warns of entity fraudulently using its name and logo
The entity collects fees and personal info to purportedly secure clearance for loans.
Bank Negara Indonesia logs 1% YoY net profit rise to ID$5.4t in Q1
Operating expenses increased 4.3% YoY in Q1 2025.
Malaysia fines two money services firms for non-compliances
Merchantrade and JAGS were penalized for non-compliance with the Money Services Business Act 2011.
MUFG’s Indonesian loan subsidiaries announce merger
MFIN will be dissolved, and ADMF will be the surviving entity.
ZA Bank reports HK$548m net revenue and narrows losses by 42%
Net interest income is 86% higher in 2024.
Hong Kong deposits up 0.8% in March
HKD and total deposits rose, but renminbi deposits declined.
HSBC profit after tax down 30% in Q1
The gap was reportedly due to the over $3b it got from sales in Q1 2024.
HSBC group chairman Mark Tucker announces retirement
The HSBC board has commenced the process to select a successor, it said.
Hong Kong mortgages in negative equity rose to over 40,700 in March
The three-month delinquency ratio rose slightly.
Standard Chartered appoints Noelle Eder as group head of tech & operations
She is based in Singapore and reports to group chief exec Bill Winters.
APAC banks slow to update decision rules: survey
Just 27% of banks report frequent use of simulation tools.
Hang Seng Bank rolls out payroll perks for savings-focused users
They do so to achieve financial flexibility, said Hang Seng Bank.
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1. MAS cracks down on influencers promoting financial products 2. OCBC to enable scan and pay on all China merchant QRs by Q1 2026 3. MAS expands Ripple’s scope of payment activities in Singapore 4. DANA Indonesia launches verified digital wallet for teens 5. HitPay and Visa to expand Philippine SMEs’ payment acceptanceResource Center
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Asian Banking & Finance Fintech Awards 2025 Winner: Bhagavi Sridharan of Aditya Birla Capital Digital
Bhagavi Sridharan explains how the ABCD app offers a seamless, unified experience across diverse financial products.
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Fighting fraud in the digital banking age