News

Regulatory backing boosts LEI adoption in global payments

LEI expands from capital markets to payments, supply chains and ESG.

Convenience boosts high virtual bank adoption in Singapore, Hong Kong

Competitive rates and streamlined services drive digital banking popularity

Digital wallets evolve to super-apps post-pandemic

Rising demand for super-apps boosts digital wallet growth in Asia

China’s mobile wallet growth driven by infrastructure, innovation

Digital giants fuel China’s high mobile wallet adoption rate.

HSBC invests $100m in MSME finance platform Funding Societies

Two annual credit facilities were also extended to Funding Societies.

Citi reels in new head of commercial bank for Korea

He has over 23 years of experience in corporate banking.

Swift, UBS, Chainlink pilot tokenised fund settlements

The global mutual fund market is worth $63t.

StraitsX partners with Ant, Grab for blockchain payments

Starting September, tourists from 12 regions can use their home payment apps.

Mastercard Pay Local links cards to APAC wallets

It allows consumers to use their Mastercard cards at over 35 million merchants.

90% of cross-border payments reach banks within an hour

But transparency remains a challenge for cross-border payment systems.  

GoTyme, foodpanda launch flexible loans to MSMEs

The loans are offered to foodpanda's partner vendors.

CredAble digitises financing to boost global trade efficiency

The firm addresses fragmented working capital financing.

Citi, Fidelity demonstrate real-time settlement of MMF and digital FX

It might enable faster, seamless management of treasury positions.

ANEXT Bank, Schroders to launch investment funds to MSMEs

Over 30% of ANEXT’s customers are foreign business owners.

HDBank reports profit before tax of $500m for Q3

Its consumer finance arm HD SAISON grew its loan book by 15%.