Retail Banking
Hong Kong rolls out new measures against fraud and mule accounts
Hong Kong rolls out new measures against fraud and mule accounts
The central bank will roll-out an updated platform for banks to exchange information.
Global Top 25 banks market cap up 20.1% to $4.7t; China Big 4, DBS rise
HSBC also recorded a double digit increase in its market cap.
India’s Axis Bank unveils in-app mobile OTP feature
Instead of text messages, clients can get their OTPs via their app.
APAC developed market banks to see limited loan growth, NIM pressures
Hong Kong is expected to see even slower loan growth than other DM markets.
Chinese banks face $341b annual credit losses from tariff strains
Banks’ nonperforming assets are expected to peak at 5.9% in 2026.
APAC emerging market banks to enjoy double digit credit growth: report
China and Thailand will feel the most pressure, especially Chinese banks’ margins.
Security Bank enhances eKYC process in digital app
It has included enhanced fraud detection capabilities, including deepfake prevention.
Softening property demand could push up Taiwan’s bad loans
Potential losses could be absorbed by the banks’ core earnings, S&P said.
Mizuho Financial Group launches universal bank in Europe
Mizuho Bank Europe merged banking and securities services of two subsidiaries.
DBS rolls out new benefits under its Heartland Merchant Banking Package
Merchants can save up to S$1,880 through waivers and cashbacks.
Vietnam’s LPBank to see asset quality pressures as it expands its retail loans
But stable capitalisation and improved profitability should provide a buffer, says Moody’s.
Bank of Makati joins the Philippines’ “Piso Caravan” program
There are now 141 financial institutions participating in the program, the central bank said.
SMBC, Fujitsu Limited to create data analytics business
Japanese companies reportedly want data-driven operations to improve efficiency.
Thai banks not “materially” affected by Myanmar earthquake
It only brought limited property damage and business disruption to Thailand, Moody’s said.
Philippine central bank eyes AI rules for banks
Artificial intelligence should not diminish banks’ responsibility to uphold data privacy.
Westpac appoints Kate Dee as chief people officer
She has been the chief people officer of Bupa Asia Pacific since 2018.
ANZ moves up incoming CEO Nuno Matos’ start date to May 12
Matos is most recently the CEO of HSBC’s Wealth and Personal Banking.
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