News
UPI transforms person-to-person, business transactions
Indian Bank CEO highlights UPI's impact and global trends at Sibos 2024.
Cross-border payments face complexity in African markets
Regulatory hurdles and currency challenges are slowing payment settlement.
Malaysia invests $906.67m to enhance MSME lending, Islamic finance
It also mulls establishing the Consumer Credit Commission.
Hong Kong unveils sustainable finance action agenda
Banks are required to achieve net zero in their operations by 2030.
Citi sees higher markets-related business in Asia from global investors
Client activity with the bank’s international corporate clients to the Asia market is up 12% in the first three quarters of 2024.
JP Morgan, UBS named top M&A financial advisers in APAC
They ranked number one in terms of value and volume of M&As in 9M 2024.
Bangkok Bank logs net profit of $1.05b for 9M 2024
Net income interest and non-interest income both rose during the period.
JCB cards now accepted by GHL merchants in Malaysia, Thailand, Philippines
An estimated 480,000 payment touchpoints are involved.
OCBC launches MyOwn bank account for children and teenagers
It will enable them to monitor their account and make PayNow transactions.
Bank of Singapore nabs BOCHK banker as market head for GC Hong Kong
Chi brings over 20 years of experience into her new role.
ABS, Singapore anti-ML group unveil new practice paper to enhance audits
Banks in Singapore are expected to review their audit practices against the paper.
BofA launches guaranteed FX rates with up to a 1-year tenor
The 1-year tenor is available in 37 currency pairs.
Swift to launch AI fraud detection service in 2025
Global fraud in financial services is estimated to have cost $485b in 2023.
BNY partners with Mizuho to boost trade
It seeks to reduce the complexities and costs associated with cross-border transactions.
DBS unveils token services with smart contracts for transaction clients
It makes use of DBS’ Ethereum Virtual machine-compatible permissioned blockchain.
Banks need liability innovation to lower green loan costs
ASEAN needs over $1 trillion to decarbonise by 2030.
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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