Retail Banking
Long way ahead for the Philippines’ digital banking hopes
                                                                                                 
                        
                          Infrastructure and consumer issues remain, even with the framework laid out.
                    
                                        
                    
                Mergers imminent amongst Japan's regional banks: study
                                                                                                 
                        
                          Ultralow rates, competition will hurt profits to the point where revenue no longer covers operating expenses.
                    
                                        
                    
                Singaporean customers more satisfied with e-wallets than banks in 2020
                                                                                                 
                        
                          Customer satisfaction for e-wallets was higher than that of banks.
                    
                                        
                    
                Singapore banks headed for stronger profits in 2021: analysts
                                                                                                 
                        
                          Credit growth is expected to accelerate mildly by 5% in 2021, according to Moody’s.
                    
                                        
                    
                Singapore banks to see stronger profits in 2021: analysts
                                                                                                 
                        
                          Credit growth is expected to accelerate mildly by 5%, according to Moody’s.
                    
                                        
                    
                Japan's financial firms face activist climate votes as AGMs near
                                                                                                 
                        
                          Mizuho was forced to vote on a climate-focused resolution in its AGM last year, but more firms are being targeted in 2021.
                    
                                        
                    
                Tonik launches Philippines’ first official neobank
                                                                                                 
                        
                          It offers up to 6% interest rate per annum.
                    
                                        
                    
                China hopes for stability through stricter FHC rules: report
                                                                                                 
                        
                          The rules will also hopefully insulate firms' finances from other risks.
                    
                                        
                    
                Clear skies ahead for Aussie banks as economy improves
                                                                                                 
                        
                          Banks can withstand NPL growth due to loan loss reserves.
                    
                                        
                    
                HSBC Singapore names new global liquidity head
                                                                                                 
                        
                          Winnie Yap will be responsible for treasury solutions for Singapore firms.
                    
                                        
                    
                Hong Kong's ZA Bank crosses 300,000 users, 4% of city's population
                                                                                                 
                        
                          The bank has given HK$650m in loans.
                    
                                        
                    
                Mizuho sets up committee to probe system failures
                                                                                                 
                        
                          The failure has hurt the firm's credibility, it says.
                    
                                        
                    
                DBS CEO Piyush Gupta's pay down 24% in 2020
                                                                                                 
                        
                          His cash bonus dropped by 27% amidst cutbacks in the bank.
                    
                                        
                    
                UOB to raise pay, floats promotions for 98% of bank's employees
                                                                                                 
                        
                          Review of compensation packages for senior management will be considered later.
                    
                                        
                    
                Five of world's 10 largest banks are in China: report
                                                                                                 
                        
                          The Industrial & Commercial Bank of China has almost $5t in total assets.
                    
                                        
                    
                Weekly Global News Wrap: EU banks to float 'green' indicator next year; Citigroup revises earnings after Revlon ruling
                                                                                                 
                        
                          And Goldman Sachs reboots cryptocurrency desk following Bitcoin boost.
                    
                                        
                    
                 
                                 
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
								 
								 
						 
						 
				 
								 
								 
								 
																					
											
																			 
																					 
																					
											
																			 
																					
											
																			 
                 
                 
                 
                 
                 
                 
                 
                
Commentary
Rethinking cybersecurity: How APAC banks can safeguard against AI-powered threats
Why Singapore’s fast payments need faster protections