Retail Banking
Australian banks’ cyber risk growing: S&P
Australian banks’ cyber risk growing: S&P
Regional lenders are most vulnerable, especially to a data breach.
Weekly Global News Wrap: Bank of America invests $100m to minority-owned banks; Banks cut back on gold shipments to India
And the Bank of Spain governor called for local banks to increase loss provisions.
Thai banks’ recovery besieged by inflation, weakening currency: S&P
The tourism hit has affected income levels, which would borrowers’ ability to pay.
ANEXT Bank’s Toh Su Mei on how to stay ahead of SMEs needs
The CEO of Singapore’s newest digital bank talks about why banks find it challenging to meet the SMEs needs, and why digital banks are the answer.
Taiwan’s FSC fines Taishin International Bank $310k over improper payment collection
The bank had failed to establish proper internal control systems
Taiwan regulator fines Bank SinoPac $570k over regulatory rules breach
The FSC also ordered the bank to suspend its president for three months.
Australian regulator removes CBA’s operational risk capital add-on
The add-on was initially set at $650m.
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%.
Bank of China warns public of fraud website
The fake website has been reported to the regulator and the Hong Kong police.
OCBC launches learners programme for the elderly
The programme aims to teach senior citizens how to use digital banking and avoid scams.
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.
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.
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.
HSBC names Sharnika Silva as SEA head of trust and fiduciary services
She has worked with HSBC Trustee for 15 years.
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1. UOB to take legal action against Yang Kee Logistics’ ex-CEO 2. OCBC to finance $10.9b of investments to UK growth sectors 3. Singapore’s financial sector turns to contract hiring for cost control 4. India’s credit card spend slumps 9% MoM to 7-month low 5. ANZ moves up incoming CEO Nuno Matos’ start date to May 12Resource Center
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
Commentary
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Empowering Women in Finance: Securing a Future of Opportunity