News
Deutsche Bank bullish on tech-driven sectors
Deutsche Bank bullish on tech-driven sectors
Although, geopolitical tensions and trade policy shifts likely to add further uncertainty.
Aluminum Corporation of China enters Hang Seng, CSI index
This brings the total number of constituent companies to 50.
Commonwealth Bank to sell stake in Bank of Hangzhou to insurer
The Australian bank could make about A$940m in proceeds.
WeChat Pay HK extends services to small merchants in Mainland
The system automatically converts Renminbi payments to Hong Kong dollars.
Hong Kong fintech association unveils AI advisory council
It will serve as the industry voice to share best practices, amongst others.
Toh Su Mei exits ANEXT Bank; Kai Qiu is new CEO
Ant International in the process of rolling out credit solutions for Thai MSMEs.
Firms turn cautious over gen AI amidst fears of obsolescence, fragmented regulations
Of 47 APAC jurisdictions, about 16 have AI regulations or guidance in place.
StanChart, Prudential Singapore’s bancassurance partnership hit 25
This is the longest on record in Singapore.
Wise raises money transfer limits, lowers global average fee
Transfer limits to WeChat recipients is now at RMB50,000.
Auto industry may weigh on Kiatnakin Phatra Bank: analyst
Its Q4 2024 provision is 34% higher than in Q3.
Structured finance sector in Australia, New Zealand poised for ‘strong’ year
Resilient household sector and low unemployment will support the sector.
MUFG secures 46.08 million shares of WealthNavi, will proceed with purchase
It closed the tender offer on 20 January 2025.
SCBX net profit inch up 1% YoY to $1.29b in 2024
Interest income is higher, but fee and investment/trading income are lower.
India allows foreigners living overseas to open rupee accounts
This is provided they use the accounts for transactions with a resident of India.
Vietnam transfers struggling banks' ownership to VPBank, HDBank
VPBank and HDBank now own GPBank and DongABank, respectively.
Cambodia, Visa launch Bakong tourist app
Tourists can use the app to pay at 4.5 million merchants in Cambodia.
RBI names 15 NBFCs to upper layer
They are subject to enhanced regulatory requirements for a 5-year period.
Thought Leadership Centre
Most Read
1. MAS cracks down on influencers promoting financial products 2. MAS expands Ripple’s scope of payment activities in Singapore 3. HitPay and Visa to expand Philippine SMEs’ payment acceptance 4. Tencent’s TenPay Global opens WeChat mini programs to overseas wallets 5. DBS sees tokenised finance as futureResource Center
Read Here
Advertise
Sign Up
Awards
Jul
02
Events
Event News
Asian Banking & Finance Fintech Awards 2025 Winner: Bhagavi Sridharan of Aditya Birla Capital Digital
Bhagavi Sridharan explains how the ABCD app offers a seamless, unified experience across diverse financial products.
