News

BSP enforces tailored cyber resilience rules for smaller institutions

The framework ensures flexibility and proportionality in cybersecurity requirements.

Kiosks, hybrid approach key to financial inclusion: BDO 

BDO has introduced self-service kiosks and universal machines to entice unbanked customers.

Companies urged to implement AI with focused use cases

Careful assessment and governance is the key.

Finance sector marketing budgets under pressure in 2024 amidst disruptions

Marketing expert tells three strategic approaches for turbulent times.

Mongolian banks enjoy improved governance and asset quality

The listing of D-SIBS in 2022 has improved disclosure and asset quality.

Hang Seng has approved $60m of SME loans with HKMA’s account data sharing model

Customers can authorize Hang Seng to directly retrieve info and data from other participating banks.

Asian businesses brace for stricter lending standards— survey

Over half of respondents said that lending standards will become more restrictive.

China’s investment banking fees drop 25% in 9M 2024

ECM underwriting fees, M&A advisory fees, and syndicated lending fees all registered declines.

QR codes and low costs drive mobile wallet adoption in APAC

Even cash focused countries like the Philippines, Thailand, and Malaysia saw a high level of adoption.

India’s credit and charge card payments market to grow 15.5% in 2024

Credit and charge cards accounted for 75.7% of total card payment value in 2023.

Alipay+ sees overseas use of payment partner apps triple in 9M 2024

Spending for F&B, attractions, and transportation recorded double-digit increases.

Bank of Singapore winds down Luxembourg operations

It has pivoted its focus on deepening its UK presence and has named a new general manager.

Hong Kong Fintech Week 2024 kicks off on 28 October

InvestHK expects to draw about 30,000 attendees from 100 economies across the globe.

7 in 10 consumers use ‘financial gymnastics’ to maximise rewards

Credit cards remain to be the top choice, with 47% saying that this drives their usage decisions.