Retail Banking
SMEs mull switch to fintechs, digital banks as main finance service provider
SMEs mull switch to fintechs, digital banks as main finance service provider
More than one in three APAC SMEs consider switching to fintech.
Chinese banks’ posed for e-payment scene comeback with digital renminbi’s launch
The e-CNY will support growth of banks’ e-payment customer base and improve overall financial stability.
Security Bank posts net profit of $61.35m in H1
Net interest income and non-interest income both fell compared to H1 2020.
Improved outlooks on the horizon for Chinese finance companies
Policies to slow debt growth and control property prices appear to be working, abating economic risks.
Thai banks sufficiently buffered against ongoing risks: Fitch
Escalation of the pandemic in Thailand will significantly affect business activity in H2.
Hong Kong lenders gear up sustainability initiatives as post-pandemic era dawns
The total combined headcount across 18 banks in the city is down 2,000 from just 12 months ago.
Weekly Global News Wrap: Tether execs face criminal probe for bank fraud; Credit Suisse taps Goldman Sachs partner as new chief risk officer
And PayPal to research US transactions that fund hate groups and extremists.
South Korea’s Kakao Bank to raise over $2.2b in IPO
Shares were priced at the top end, at KRW39,000 ($34).
Citi Commercial Bank enables digital account opening in Hong Kong, Singapore
About 750 new accounts have been opened in four APAC markets through the new portal.
UnionBank clinches Philippines’ 4th digital bank license
UnionDigital will be a wholly-owned subsidiary of the Philippine lender.
Digitalisation creeping into non-tech roles as Singapore banks accelerate hiring
The sector will continue in a “reform and transform” path, hinging on successful digital banking applicants.
India’s private banks to widen gap with state peers when economy rcovers: report
Investors will likely seek signs that private lenders will be able to step up lending once COVID subsides.
Fintechs could overtake Philippine banks in retail segment: Moody’s
Banks' slow development of digital financial services may just give fintechs an edge.
India’s banking system privatization plagued with capital, regulatory woes
They need to pump money into lenders before selling them if they want to make them more attractive to potential buyers, reports S&P.
Weekly Global News Wrap: Bank of England scraps pandemic curbs on dividends; JPMorgan posts jump in Q2 earnings
And four global banks to launch a pilot platform on voluntary carbon credits.
Hong Kong banks’ credit losses to revert to pre-COVID levels before end-2022
The increase in credit losses in 2020 was manageable compared globally.
Citi Global Wealth APAC Co-head Fabio Fontainha outlines bank's ambitions
Fontainha expounds on Citi's wealth goals, which include adding $150b AUM across the APAC franchise in four years’ time.
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1. Singapore banks face currency split as ringgit offsets losses 2. BofA sees treasury roles shifting toward strategic advisory 3. Energy price volatility highlights structural gaps for managing FX risk in APAC 4. Chinese banks mask capital weakness with government injections 5. DBS brings tokenised physical gold to retail investors via digibankResource Center
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He advocates for institutions that integrate innovation with strong governance, transparency, and long-term resilience.
Commentary
Platinum cards, paper-thin compliance?
Energy price volatility highlights structural gaps for managing FX risk in APAC
Asia’s electronic markets reach an inflection point of transformation
Tokenisation in the Philippines: The consumer is ready, but is the infrastructure?
Asian firms need to get ready for digital assets and currencies
AI can build your plan, but can it hold you to it?
Built to last: How Japan is approaching the cross-border payments challenge