News
SMBC inks MOU to explore commercialization of stablecoins
SMBC inks MOU to explore commercialization of stablecoins
They will explore technical, regulatory, and market infrastructure requirements for it.
ANZ moves up incoming CEO Nuno Matos’ start date to May 12
Matos is most recently the CEO of HSBC’s Wealth and Personal Banking.
ICBC’s risk diversification supports resilience amidst China’s slowdown
Capitalization should be sufficient despite ICBC not being included in the first round of the government’s capital injection.
China’s Big 5 banks expected to boost lending with capital support
Fee income may also recover if new stimulus policies are effective, said CreditSights.
Philippine bank loans up 12.2% in February
Consumer loans to residents rose by 24.1% during the month.
UOB to take legal action against Yang Kee Logistics’ ex-CEO
The bank called Ken Koh’s allegations baseless.
CITIC Limited logs 1.1% YoY profit rise to $8.01b in 2024
Earnings per share is RMB2.00, whilst the final dividend proposed is RMB0.36 per share.
PSBC’s capital boost strengthens funding for rural and SME financing
Low capital has constrained PSBC’s growth in its niche area of rural and inclusive finance.
BNP Paribas names Marc Camus as chief information officer
Camus will oversee the bank’s IT strategy and IT System security.
Hyundai Card leads Korea’s credit card sales with PLCC dominance and data science
It holds a 78% market share in the private label credit card sector.
ZA Bank appoints Calvin Ng as CEO
Ng has been its executive director since September 2022.
Digital players steal market share from traditional banks
Value migration and AI-driven changes pose challenges for financial institutions.
Wealth apps fail meeting investor expectations
Experts warn bad UX and weak security erode client trust.
Bank of East Asia names Bi Ming-qiang as chief executive of BEA China
Bi was formerly CEO, executive director, and president of China CITIC Bank International.
China Citic Bank stays resilient with lower exposure to risky sectors
The bank is less vulnerable to challenges from the property and retail banking segments.
PH central bank orders FIs to strengthen surveillance against vote buying
The Philippines will hold elections in May 2025.
Singapore places fourth for most ‘ATMs near me’ Google searches
Sri Lanka, Malaysia, Mongolia, and Hong Kong also made the list.
Thought Leadership Centre
Most Read
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
Read Here
Advertise
Sign Up
Awards
Jul
02
Events
Event News
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.
Commentary
Fighting fraud in the digital banking age