News
APAC banks face 2.5 million shortage of skilled cyberstaff
APAC banks face 2.5 million shortage of skilled cyberstaff
Banks may not have the right people in-house to mitigate them.
China faces decade-long clean-up of embattled rural banks
Expect more mergers and consolidations, and even some closures, S&P says.
Endowus Private Wealth offers HK investors access to 400 fund strategies
Over 400 fund strategies are made available to Endowus clients.
Singapore proposes strengthened anti-money laundering bill
This includes empowering law enforcement agencies in prosecuting ML offences.
CIMB sets out 2030 climate targets for O&G and property portfolios
The bank will stop financing new upstream oil fields beginning January 2025.
BRI net interest margin slated for 31bp decline in 2024
NIM is expected to rebound 25bp in 2025.
SCB’s Easy and Mae Manee apps temporarily unavailable on select dates
SCB is upgrading its Easy App.
Bangkok Bank announces temporary closure of digital, payment services on 6 July
Debit and credit cards won’t be able to use their cards for transactions during the period.
Ant Group and Mastercard extend payments program to Chengdu, Chongqing
Tourist spending using Ant Group’s digital payments rose 13-fold in the two cities.
Allianz and HSBC launch new life insurance plan
The plan comes with a premium starting from RM6,000.
Bank Negara Malaysia releases policy document on claims settlement practices
It mandates minimum standards for licensed insurers and takaful operators.
UOB winds down digital credit assessment subsidiary
It had promised to invest S$12m on Avatec when it launched in 2018.
Ant International acquires Dutch payment service provider MultiSafepay
Ant will integrate MultiSafepay into its subsidiary Antom.
China Citic Bank’s green finance moves require more finesse
It aligns with international frameworks, but some have indirect ties to fossil fuels.
Hong Kong IPO market plummets to lowest in two decades
IPOs in Hong Kong only raised $1.5b to date, 35.2% lower than in H1 2023.
WTW urges APAC banks to consider non-payment insurance
Uncertainties like the Chinese real estate crisis call for effective credit risk management.
Mortgage applications in HK fall 16.1% in May
However, the value of mortgages approved rose by 8.8%, according to official data.
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1. CIMB Philippines says fund transfer issue ‘resolved’ 2. UOB inks MOU with Accenture for AI adoption and application 3. Cambodia and Japan enable QR code payments between the two countries 4. Standard Chartered appoints Noelle Eder as group head of tech & operations 5. HSBC group chairman Mark Tucker announces retirementResource Center
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