Retail Banking
Taiwan’s banking sector stable despite recent COVID infection spike: Fitch
Taiwan’s banking sector stable despite recent COVID infection spike: Fitch
All local banks’ outlooks remain stable thanks to Taiwan’s economic resilience.
Significant gaps remain in financial accessibility, awareness: study
Over half of both unbanked and banked individuals feel that they are underserved, Mambu’s study found.
Vietnamese banks’ profits to improve: Moody’s
Higher yields from their retail loans will push up earnings.
Philippines’ newest neobank aims to disrupt the industry with a dash of personality
Tonik Digital Bank wants to become the first bank brand in the country with “a sense of humor.”
HSBC exits US mass market retail banking, sells 90 branches
All personal, advance, and retail business banking customers with turnover below $5m are affected.
Weekly Global News Wrap: Long journey for EU banks' green goals; Wall Street banks to flaunt resilience before Congress
And Greece's Alpha Bank taps JPMorgan, Goldman Sachs for plans to boost capital.
Global banks on a hiring craze as they vie for rich Asians’ assets
HSBC, Goldman Sachs, and Citi are all eyeing a piece of the region's trillion-dollar financial market.
Qatar National Bank continues to be largest bank in MEA: S&P
It is also the 100th biggest bank globally.
Japan’s top internet-only bank seeks to scale Taiwan’s banking industry
Rakuten International Commercial Bank leverages its parent’s 20 years’ experience in Japan and its extensive global network of companies and partners...
Citi APAC adds nearly 650 new wealth professionals in 2021 so far
The group has added over $5b in net new money in Q1 alone.
Citi appoints new head for private banking arm in South Asia
Lee will have direct responsibility over the private bank arm of Singapore, Malaysia.
Low costs buoys Australian banks’ profits, but pressures to persist
Operating profit is 46% higher than last year, but pre-impairment earnings remain subdued.
OCBC net profit more than doubled in Q1, wealth on the rise
Wealth management income jumped 40% in Q1 from the previous quarter.
Indonesia’s Bank Agro appoints Kaspar Situmorang as CEO, to build neobank
Bank Agro will build on app Pinang's clientele to build a digital-only bank.
OCBC remains in agile, flexible work arrangement after local COVID surge
SIngapore has scaled back the number of employees allowed in the office to 50% of the workforce.
Swiss bank completes acquisition of BMO Private bank in Singapore, Hong Kong
The acquisition includes clients and BMO’s relationship management team.
How to Build for the Next Era of Financial Services
For years, banks treated online banking as an afterthought. A website and a mobile app were necessities, but creating a digital channel that fully...
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Experts explored how hybrid multi-cloud strategies and interconnected data centres are shaping the future of banking in the region.
Commentary
Rethinking cybersecurity: How APAC banks can safeguard against AI-powered threats
Why Singapore’s fast payments need faster protections