Retail Banking

Why Siam Commercial Bank is transforming itself into a fintech group

With its reorganisation, the group plans to expand to a customer base of 200 million.

UnionBank to buy Citi’s Philippine consumer banking franchise for $908m

Around 1,750 Citi employees are expected to transfer to UnionBank.

Citi Vietnam appoints new country officer

Ramachandran A.S. will oversee Citi’s operations and serve as main regulatory representative.

Hong Kong’s livi bank doubles customer base to 200,000 by end-2021

Its buy now, pay later service has received over 60,000 applications.

Happy holidays, one and all!

Asian Banking & Finance will be back on 10 January 2022. 

China’s new foreign-friendly financial market brimming with opportunities, but limits still abound

If authorities remove the “execution-only” restriction in WM Connect, money flows in the channel could grow ten times bigger than the $22.5b quota...

VP Bank appoints Chris Chee as Chief Risk Officer for Asian operations

He has held leadership positions in RBC Singapore, ANZ, UBS, and DBS.

Westpac hit with protest vote against exec pay plans: report

The Australian lender faces paying up to $81m for charging fees to dead people.

Why banks need more tech experts in their board rooms

Massive adoption of tech without critical tech advice from experts could spell doom for lenders.

Philippine-based BDO to reimburse 700 clients hit with online fraud

Clients allegedly lost thousands from unauthorised transfers to a UnionBank account.

Climate Risk and the Role of the Finance Sector

Climate change is the most urgent threat facing the world. It affects us all. The imminent risks are spelt out in detail in the recent IPCC Report...

Bank SinoPac wins big at the ABF Retail Banking Awards 2021

Its iBranch SinoPac addressed the pain points of the traditional branch service model through the O2O digital integration process.

UnionBank in talks to take over Citi’s consumer banking assets in the Philippines

Discussions between the two banks are at the preliminary stage.

CIMB Group core profits more than tripled in 9M 2021

But it reported weaker quarterly performance, largely due to its $309.8m Q3 expense.