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Why Singapore banks are a ‘safe haven’ from US market volatility
Why Singapore banks are a ‘safe haven’ from US market volatility
UOB, OCBC, and DBS have low earnings downside risk and offer attractive dividends.
Patents for 3D secure transactions nearly double in 2023
Payment entities are looking to strengthen their security to combat online threats.
MUFG employee steals up to $12.9m from safe deposit boxes
At least 60 safe deposit box lessors are affected, the bank said in a statement.
Visa inks MOU with Thames International, PH city for MSME digital payments push
Baguio City has 19,874 micro enterprises.
Hong Kong’s ZA Bank offers crypto trading services to retail users
Global crypto market capitalization has surged 90% to over US$2.3t.
Islamic finance needs to expand pool of skilled professionals: CIIF
CIIF signed three MOUs to develop the talent pipeline of the Islamic finance industry.
How virtual cards can benefit wholesale and retail trade, healthcare
These cards can help businesses better manage their margins.
Authorised payment scams rise as a major fraud trend
E-commerce, phishing, job scams dominate reported fraud cases.
Private fund tokens may be the future of investing
Kinexys seeks to keep a token’s sensitive financial information from prying eyes.
India’s ecommerce payments to hit $147.3b in 2024
E-commerce market value will reach $292.3b by 2028, says GlobalData.
Few banks capture tech spending benefits: report
Global tech spending on banking hit $650b in 2023, but few benefitted.
AusPayNet welcomes Aussie gov’t retirement of cheques by 2029
Cheques will cease being accepted by financial institutions by 2029
India, Maldives ink deal to promote local currencies for cross-border trade
Both countries aim to reduce costs and expedite settlement times for transactions.
Taiwanese banks' loans to SMEs reach $314.57b in September
The average non-performing loan ratio of SME loans was 0.22%.
Taiwan's effective credit cards reach 58.6 million in September
The balance of revolving credit was $20.25m.
Aleta Planet provides cross-border payments for China’s Jinnan
Fintech Aleta Planet to provide cross-border payments for China’s Shanxi Jinnan Steel Group
South Korea's household loans up 0.9% in Q3
Total outstanding household credits was $1.28t as of end-September 2024.
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1. Singapore banks introduce safeguard for large digital withdrawals 2. Singapore banks lead globally in AI use for financial crime compliance 3. SMBC Group establishes offshoring hub in Chennai, India 4. BPI Wealth Singapore opens at Marina Bay 5. CIMB unveils new wealth management platform in MalaysiaResource Center
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Asian Banking & Finance Retail Banking Awards 2025 Winner: Kwong Wah Eric Fan of Shanghai Commercial Bank
Kwong Wah Eric Fan of Shanghai Commercial Bank highlights how the company drives fintech growth through digital transformation.
Commentary
Electronic trading proves its strength in times of volatility