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Lack of virtual bank licence ‘not a big problem’ for Bangkok Bank
Lack of virtual bank licence ‘not a big problem’ for Bangkok Bank
It estimates that virtual banks’ business revenue will not be significant in the first 5 years of operations.
Australian banks to refund $60.5m to customers hit by high fees
Over 1 million customers have been moved into low-fee accounts, ASIC said.
Airwallex gains capital markets services license in Singapore
It is also launching Airwallex Yield to businesses in the city.
Standard Chartered HK automates onboarding processes of SMEs
The solution reduces application turnaround time, the bank said.
Mizuho to acquire majority of Upsider’s shares for $309.8m
Upsider provides corporate credit card and invoice payment services.
Citi expands research to include private companies
They will focus on roughly 100 private firms, primarily in the tech sector.
Bank Negara Indonesia banks on wholesale loans for better loan growth in H2
The bank said its wholesale loan quality remains resilient.
BDO Unibank’s net income up 3% to $708.66m in H1
Net interest income and non-interest income both grew during the period.
Cross-border B2B payments to reach 18.3 billion in 2030
Stablecoins unlock massive potential but need significant infrastructure to be built.
UnionBank onboards 50,000 credit card and personal loan accounts monthly
The bank has reduced its onboarding time to 5–15 minutes.
Supply chain shocks and rate delays test Indonesian inflows
Delayed U.S. rate cuts could strain rupiah and reshape capital flow strategies.DBS Indonesia has flagged oil supply chain risks and delayed U.S. interest rate cuts as external threats that could disrupt capital flow momentum and pressure the rupiah, even as investor sentiment toward Asia strengthens.
Mizuho to acquire 100% shares of energy advisory firm August & Co
The August & Co brand will be maintained.
MUFG and JICA establish sustainable finance framework
It will be applied by MUFG and four partner banks in Southeast Asia.
Malaysia’s CIMB sees slower loan growth on ‘cautious’ business clients
The new business loans pipeline is reportedly weak post-Liberation Day.
Viet commercial banks’ deposit and lending rates decline
BacABank, VIB, BAOVIET Bank, LPBank, and NCB have cut their deposit interest rates.
Singapore launches electronic deferred payments to ease cheque phase-out
EDP and EDP+ will be available in seven banks’ digital banking platforms.
HSBC Singapore unveils health and wellness centre at The Star Vista
They are provided 24/7 concierge and emergency care coordination, amongst other services.
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It is wading downstream from mortgages to lend to developers, hardware stores, and the likes.
Commentary
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Perth is emerging as an unlikely testbed for the future of global finance