Staff Reporter
UnionBank releases four new credit cards with various benefits
UnionBank releases four new credit cards with various benefits
Interested users can choose from retail, cost-saving, travel, and luxury types of credit cards.
Japan’s Nomura mulls dropping China securities joint venture: report
The JV $30.75m in 2022, and $11m in 2021.
Payments fintech YouTrip raises US$50m in Series B round
The firm is gearing up to expand in Indonesia, Malaysia, the Philippines, and Vietnam.
UOB’s net profit up 5% to S$1.5b in Q3
Net fee income growth helped drive profits.
Singapore proposes shared responsibility framework for phishing scams
Both financial institutions and telcos are held accountable for mitigating scams.
75% of Singapore SMEs mull ditching banks for payment needs
1 in 2 of SMEs in Singapore complained of lengthy processing and settlement times.
Commonwealth Bank of Australia exploring GenAI use to test products
They are exploring the creation of GenAI chatbots that emulate human behaviors.
Schroders SG, KBank launch China Private Equity Fund in Thailand
The fund offers investors access to China’s RMB private equity market.
MAS proposes fund management regulation shake-up with new framework
If approved, the existing RFMC regime will be repealed.
OCBC rolls out generative AI chatbot for employees, amongst world’s first
Over 4 million decisions in the bank are made by AI daily, OCBC shared.
Shanghai’s Fuiou Pay, Visa team up to offer cross-border funds collection, settlements
Customers can now access more than 30 currencies at competitive FX rates.
APRA notes declining deposit-taking branches, waits for senate inquiry to closures
Branch numbers have been declining by 37% since 2017.
Alipay+ now available for use in Sri Lanka
The app can now be used for payment in over 400,000 LankaQR merchants.
SEA digital payments slated for growth as e-commerce market doubles: study
BNPL is projected to grow by 38% over the next five years.
SeABank transfers 100% capital contribution at PTF to AEON arm
The transfer is valued at VND4.3t ($1.8m).
Tonik digital bank enters the insurance market
The partnership with Sun Life Grepa will offer credit life and disability insurance.
Thailand’s KBank launches the K PLUS Laos app
The app is now active in 3 countries, with 21.8 million users.
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1. How Danantara’s plan to acquire BRIS will impact four Indonesian banks 2. SG digital banks expand into investments and loans to boost profits 3. Singapore's banks leave more jobs unfilled as hiring slows 4. Mizuho has given out JPY40.3t in sustainable finance loans in 5 years 5. Ant International eyes stablecoin licenses in Hong Kong, Singapore: reportResource Center
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
