Staff Reporter

Citi names new senior leaders for Asian banking clusters

Leadership changes abound for its investment banking and corporate banking businesses.

Thai banks’ profits improve in Q3, but bad loans also rose

Authorities to monitor debt serviceability of SMEs and households.

Digital loan platform Lendela secures $5m in funding round

Chocolate Ventures and Cocoon Capital led the round.

GBA’s financial services industry more ‘bullish’ for future prospects: PwC

Tech advancements are paving the way to new opportunities for cross-industry servicing.

UOB, Visa, SG fintech Doxa to facilitate quicker payments for contractors

JTC and Kimly have joined the trials in the Doxa Connex platform to simulate payments.

Mastercard can commence domestic bankcard clearing activity in China

This follows after authorities first approved Mastercard NUCC’s application in 2020.

Maybank opens Islamic wealth management hub in Singapore

It will offer end-to-end Islamic wealth solutions.

Mastercard, NEC to offer in-store biometric payments in APAC

This follows Mastercard’s Biometric Checkout Program, launched in Brazil in 2022.

Singapore, Indonesia launch cross-border QR payment linkage

Customers can now pay with the QRIS and NETS QR offered in the two countries.

Citi completes sale of Indonesia consumer business to UOB

This marks Citi’s ninth and final full consumer divestiture in Asia.

Putting customers first is in UOB's DNA

UOB is revolutionising banking with its commitment to an omnichannel experience, strategic acquisitions, and Al-driven personalisation.

UOB leads the way in being right by its customers

Beyond banking services, UOB offers attractive wellness programmes for customers and improves their experience at branches via a data-driven customer feedback platform.

OCBC to acquire Indonesia’s Bank Commonwealth for $191.4m

PT Bank OCBC bought almost 100% shares in PT Bank Commonwealth.

Hong Kong lending market rebounds, but bad loans also rise: study

Customers seem to be choosing banks over money lenders.

FinTech industry poised for huge change thanks to AI: MAS

The festival will address both the promises and pitfalls of AI in the financial industry.