Retail Banking

BEA launches digitised mortgage application services

Customers who apply for a $380k or above mortgage can get a cash rebate of up to 1.9%.
7 hours ago

Bank of China warns public of fraud website

The fake website has been reported to the regulator and the Hong Kong police.
3 days ago

OCBC launches learners programme for the elderly

The programme aims to teach senior citizens how to use digital banking and avoid scams.
4 days ago

Hang Seng Bank raises prime rate to 5.125%

HK dollar savings deposit rates with balances of HK$5,000 and above is now 0.125% pa.

APAC banking markets to tighten macroprudential policies in 2023: Fitch

Malaysia and Thailand will take steps to strengthen their mortgage sectors, said Fitch.

South Koreans’ internet banking use up 6.9% in H1

There are about 18.82 million use cases per day in Korea.

APAC banks won’t be severely hit once Basel III regime implemented: Fitch

Jurisdictions such as Vietnam, Sri Lanka, are lagging behind with adoption.

St. George Bank tops Australian banks in digital experience net satisfaction: study

Auswide Bank received a negative net satisfaction score for their range of digital products.

UNO Digital Bank sets its sights on being Filipinos' top virtual bank

CEO Manish Bhai said they want to be first for their Filipino customers’ financial needs.

Australian regulator grants IN1Bank a second extension on restricted ADI license

The digital bank is still aiming to get a full license by the end of the year.

HDBank’s plan to buy unnamed “weak bank” to weaken loss buffers: Moody’s

Little is known about the target bank and what incentives Vietnamese authorities offer.

Citi, Yahoo launch personal finance hub Life and Money

It is hosted on Yahoo Finance in Singapore.

Rising interest rates births more challenges for Asia's digital banks

Few manage to break even, and those that do are back by conglomerates.