Staff Reporter
EY’s Liew Nam Soon emphasises vital human-AI collaboration in shaping future of finance
EY’s Liew Nam Soon emphasises vital human-AI collaboration in shaping future of finance
AI, transformations in workforce dynamics, and sustainability are not merely shaping the industry but ensuring a prosperous future for financial enterprises across Asia.
UOB Thailand unveils indoor event hub UOB LIVE
It has a capacity of 6,000 seats and will also offer dining and shopping experiences.
Weekly Global News Wrap: US floats stricter regional bank rules; Some China banks to cut mortgage rates
And Wells Fargo has agreed to return $40m in overcharged fees to 11,000 customers.
SDB wins Corporate Client Initiative of the Year at ABF Corporate and Investment Banking Awards 2023
Its impactful initiative transforms the financial landscape, driving socio-economic growth.
Indonesia, Malaysia, Thailand ink MOU for cross border bilateral transactions
The new framework is expected to synergise with cross-border payment initiatives.
Vietnam’s central bank signs into regional cross-boundary payment system
The memorandum includes other central banks such as Indonesia, Malaysia, Philippines, Singapore, and Thailand.
Japanese banks report lower average lending rates in July
City banks’ interest rates for short-term and long-term loans decreased.
Thai banks see improved profits, lower bad loans in Q2
It also laid out plans aiming to reduce household debt.
Standard Chartered sells aviation leasing finance business for $700m
AviLease will also fund the repayment of US$2.9b of net intra-group financing.
Check out how APAC family offices moved their investments in Q2
There was “moderate” client interest in longer-dated US Treasuries and perpetual bonds.
PayPal is most popular digital payment option in Asia: study
In the BNPL space, Klarna, Atome, and Afterpay are the region’s most popular choices.
Bank of East Asia’s profits up 75.8% to HK$2.63b in H1
Higher interest rates pushed up profits, but non-interest income fell.
Standard Chartered Bank’s focus on delivering best-in-class solutions for clients pays off at ABF Retail Banking Awards
Standard Chartered Bank brought home six major wins for its many innovative solutions focused on improving client experience.
Security Bank launches human capital management platform
It will service its 7,000-strong workforce.
1 in 4 Hong Kong consumers eyes getting a loan with fintechs, neobanks
Although traditional banks remain the preferred choice, 1 in 5 are ready to jump ship to another provider.
Bank of Singapore names Credit Suisse banker as new global COO
Jacky Ang is also Credit Suisse’s SG branch manager and head of wealth management.
DBS unveils metaverse game tackling global food waste
Singapore players will be treated to extra rewards, redeemable through DBS PayLah!
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. HSBC Singapore unveils wealth centre at The Star Vista mall 4. UOB inks MOU with Accenture for AI adoption and application 5. Citi names Goldman Sachs banker as head of markets solutions in Asia South & NorthResource Center
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