Retail Banking
CBA pays $525,000 in penalties for data sharing contraventions
CBA pays $525,000 in penalties for data sharing contraventions
Some customers may have been unable to share certain data to accredited recipients.
StanChart enables Ascentium clients to easily open accounts in Hong Kong
Ascentium clients can also access StanChart’s referral network in Asian markets.
APAC consumers demand personalised financial wellness tools
Banks must rebuild one-to-one relationships digitally.
Retail banks embrace social media and streaming to boost revenue
One digital bank in Europe reported an ARR of $50m from “financial media networks.”
Citi names Minh Ngo as Citi Country Officer & Banking Head in Vietnam
She is the first Vietnamese national to assume the CCO role in 32 years.
ASIC proposes updates to credit disclosure as rules expire
It proposes changes to reverse mortgage information statement.
ASIC proposes reviewing relief instruments for financial services licensees
The two instruments will lapse in 2026.
HSBC names Brendan Nelson as group chair
He will remain chairman of the group audit committee until February 2026.
Vietnam's banks to issue more bonds as loan growth accelerates
Loan growth will rise faster than deposits, leading to tight funding positions for the lenders.
India’s Bitget Wallet integrates Tether marketplace in its platform
It promises competitive rates.
Singapore and Japan renew bilateral swap arrangement
They can exchange local currencies of up to S$15b or JPY1.1t.
CIMB’s net profit up 2.34% to $502.6m in Q3
Non-interest income rose by over 20% during the quarter.
ICBC to meet increased capital req’s after G-SIB upgrade: S&P
Its 21.52% TLAC already exceeds the new minimum requirement
Banks struggle to keep pace as fintechs scale agentic AI
Most incumbent initiatives are defined by narrower applications.
Singapore’s fintechs see mismatch between talent and hiring demand
Startups and scale-ups are the biggest employers whilst talent comes from MNCs.
This week in finance: CIMB Singapore's new card for sole proprietors; banks' real estate woes; in-app chat services heat up
GoTyme Bank is now compatible with Google Pay.
GoTyme Bank rolls out crypto investment services in the Philippines
Customers can invest in 11 cryptos without registering on a third-party platform.
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Leading industry figures from BSP, BPI, Singlife, BDO, Malayan Insurance, and Allianz PNB Life assemble to discuss risk management, data-driven personalisation, and other key issues.
Commentary
Digital transformation starts with leadership
The future of Asian banking isn’t ‘AI-first’ – it’s ‘fearless-first’