Staff Reporter

NETS to resume selling and use of FlashPay card

The current card-based ticketing system will operate alongside the SimplyGO system.

Mastercard hires marketing veteran as VP and head of marketing and comms for SEA

Dheeraj Raina had worked for several advertising and media firms.

Thailand’s SCBX sees net profit rise 15.9% to $1.22b in 2023

Cost-to-income ratio decreased to 42% from 45.2% in 2022.

OCBC appoints ex-SMBC bankers as new China corporate banking head

Seth Tan brings over 27 years of experience into the role.

Hang Seng enables credit card customers to use loyalty points in AlipayHK

They can use their loyalty points to pay at over 150,000 outlets that accept AlipayHK payments.

Ex-JP Morgan banker named chairman of Bahrain neobank Singapore Gulf Bank

Edmund Lee was formerly vice chairman of APAC for JP Morgan Chase & Co.

Indonesian banks extended more new loans in December

This was thanks to a rise in demand from both corporates and households.

Thailand lays out measures to ease household debt crisis

Over 10 million Thai debtors are said to be facing repayment problems.

Malaysian central bank warns against entities impersonating it

A social media post had claimed that the central bank is supporting an investment platform.

Thailand’s Krungsri net profit up 7.2% in 2023

Contributions from overseas businesses drove up loan growth and fee income.

Anna Pruska, PhD, appointed President of the Management Board of Comarch S.A.

The Extraordinary General Meeting of Comarch S.A. was held on 3 January 2024.

38% of financial institutions attain full-stack observability

There is an urgent need for traditional FSI and insurance companies to digitally transform due to increased competition and consumer expectations for digital access to services.

Banks urged to exit low-return businesses to clinch $7t value: analysts

They must also simplify business models and embrace their “tech” identity. 

MUFG aims to double asset management exposure to JPY200t by 2029

The bank has outlined growth plans to grow its AM business.

China’s big four banks saw market value growth in Q4

But capital ratios and loan-to-deposit ratios declined during the year.