Staff Reporter
Bancassurance market to surge 8.4% in CAGR by 2028
Bancassurance market to surge 8.4% in CAGR by 2028
Market dynamics are seen to impact the stakeholders' behaviours and pricing decisions in the sector.
Ant Group raises transaction limits in China for foreign users
Ten partner wallets can now enjoy the increased limits.
China raises annual mobile payment limit of foreign visitors to $50,000
The single transaction limit has also been raised to $5,000.
Weekly Global News Wrap: US banks’ profits down 40%; NYCB loses $5b in deposits
And Greece’s biggest lender optimistic profits will grow through 2026.
Indosuez Wealth Management names two new directors to North Asia team
Indosuez Wealth Management has appointed two new directors to its North Asia Team.
Hang Seng Bank joins HKMA's Wholesale Central Bank Digital Currency Project
The project will expand the use of tokenised money in Hong Kong.
UOB’s Christine Ip reflects on 3-decade banking career and circling back to the arts
Ip believes that finance and creativity go hand-in-hand in building a holistic pool of talents in UOB.
Hong Kong’s Mox Bank offers digital money transfer services in 10 currencies
Exchange fee is as low as 0.35%.
Ex-CEO, directors of Envision Wealth Management charged by MAS
They allegedly committed offences against the Securities and Futures Act, amongst others.
India’s HDFC Bank penalised by state tax officer of Gujarat
This is due to “disallowance of input tax credit” under section 73 of the CGST Act.
Trust Bank is most positively viewed financial brand by Singaporean women
It beat out other banking heavyweights and card network giants to emerge on top.
Mox Bank, CMB Wing Lung Bank warns of fake websites
Both banks have reported the incidences to the Hong Kong Monetary Authority.
BOCHK warns against fraudulent website
The bank denied any connection to the site and has reported it to authorities.
OCBC’s Mayda Lim in building the next pipeline of tech, banking talent
Lim weaves the need to support women bankers with the wider talent shortage in the industry.
CIMB Islamic, PETRONAS inks deal for Islamic commodity derivatives
This is PETRONAS’ first venture towards Shariah-compliant derivatives.
No record-high earnings for Singapore banks in 2024, but loans to recover
The US Federal Reserve is expected to start cutting rates in mid-2024.
Mox Bank launches 24/7 equities and fund trading services
Customers can invest as little as HK$1.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
