News

Tight lending rules limit Thai SME credit access

Tight lending rules limit Thai SME credit access

Strict bank requirements and economic instability restrict SMEs' funding options.

RBI proposes extra authentication for first-time online card use

Card issuers are mandated to validate the additional factor authentication.

HK’s young affluent families eye HK$18m in savings, but lack plans

Only a third of respondents have financial strategies to meet their needs.

Standard Chartered unveils cross-currency transaction FX solution

It offers competitive FX pricing and an automated FX payment service.

Fintech JuanHand disbursed $772m in over 20 million loans

The fintech’s average repeat rate is at 90%.

QR payments value to exceed $8t in 2029

Standardisation of national QR schemes and Apple’s NFC are key factors that will influence this space.

EWA fintech Payd raises $400,000 in seed extension round

Its Malaysian partners include McDonald’s, Starbucks, and Banyan Tree.

Bank Mandiri slated for lower interest margins in 2025: analyst

But asset quality will improve thanks to new retail loans having better quality.

Overall loan demand in India to “moderate” in Jan-Mar 2025: survey

Terms and conditions for the mining sector are expected to become stricter.

Norinchukin Bank enhances CET-1, Tier 2 capital

The move comes with “strong support” from its member cooperatives, the Japanese bank said.

DBS’ 2024 net profit up 11%; plans quarterly capital return dividend

DBS will also set aside S$32m for a one-time bonus of S$1,000 to all staff.

Xtransfer ink MOU to offer cross-border financial services to African SMEs

Xtransfer will make use of Ecobank Group’s network in the continent.

Netbank partners with Jia Financing to offer SME loans

Jia will assign their invoice financing loans to Netbank.

Bank Negara Indonesia profitability to hover at 1.8% to 1.9% in 2025

Credit costs are expected to remain modest at the current 1.3% level.