News

BOCHK makes fully automated transactions of corporate remittances

BOCHK is the first Hong Kong commercial bank to connect to mBridge.

BNY appoints Fabian Khoshbakht as head of APAC treasury services

He will remain the treasury services head of Client Insight and Innovation.

Hang Seng Bank eyes Middle East expansion

Its two subsidiaries already have collaborations planned in Saudi Arabia.

Standard Chartered, Ant complete HKD intra-group transactions

Ant will make use of StanChart’s treasury management principles in moving funds.

HSBC, Ant Int’l complete HKD cross-bank test transactions

The use case integrates HSBC and Hang Seng’s networks with Ant’s Whale platform.

Fintechs drive instant, low-cost cross-border payment solutions

Direct access to local payment schemes expected in 2025.

APAC mobile wallet adoption driven by e-commerce growth

Immediate payment systems fuel continued expansion of mobile wallet usage.

PH cybercrime body, JuanHand ink MOA on combat fintech lending cybercrime

They will develop a data and information sharing mechanism.

BIS, central banks embed regulatory compliance in cross-border payments

Project Mandala has now reached proof of concept stage.

BEA launches stock trading platform BEA SmarTrade

It has watchlist and stock portfolio features, and gives real-time market quotes.

Hong Kong tells financial firms to adopt “risk-based” approach to AI adoption

The government will adopt a dual-track approach that considers risk.

ZA Bank commences pilot for virtual asset trading service

Three in four Hong Kong investors are interested in investing in cryptocurrency.

Philippine banks to tighten lending standards in Q4: survey

Banks cite a deterioration in borrowers’ profiles and their profitability.