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Fasset superapp aims to use digital assets to drive financial inclusion
Fasset superapp aims to use digital assets to drive financial inclusion
The digital asset company plans to eventually offer remittance, lending, and borrowing.
HSBC names UBS banker as new head of global private banking for SA
Tommy Leung will take over the role on 19 October.
Hong Leong Finance SG profits up 3.2% to S$46.57m in H1
An interim dividend of 3.5 cents per share has been announced.
OCBC reports record net profit of S$3.59b in H1; H1 dividend at 40 cents
The dividend is 43% or 12 cents higher than in H1 2022.
India assures banks it’s ready to manage outflow of Russian funds: report
Russian companies have accumulated billions of rupees in local banks.
China allegedly asks banks to delay dollar buying to slow yuan depreciation: report
The yuan hit an eight-month low in July.
DBS earnings up 45% to S$5.26b in H1; Q2 dividend at 48 cents
This brings the first half dividend to 90 cents per share.
MAS grants MPI licence to Tazapay
Tazapay plans to expand its services across Asia and more.
Lower mortgage rates may have slight effect on Chinese banks and RMBS: Fitch Ratings
Policy adjustments to lower mortgage rates on existing loans could pressure Chinese banks' net interest margins and profitability.
India’s card payments to triple in size by 2027: GlobalData
It is expected to triple in size to $728.2b in 2027 from last year’s $262.1b.
Fintech funding slows to 10-year low as investors tout quality over quantity
Asian fintechs clinched US$5.1b in investments in H1, lower than $45b in H1 2022.
Citi Global Wealth unveils ULTIMA credit card for private bank clients
Singapore’s UHNW clients’ spending outpaced pre-pandemic spending by 56%.
Vietnam banks may face challenges in paying back real estate loans: S&P
7% of Vietnam banks’ loan portfolios come from property loans.
OCBC, UnionPay bolster cross-boundary digital payment feature
Customers can make payments from their OCBC accounts of up to S$1,000 daily.
Singaporeans need to save for 27 years to achieve financial freedom: Singlife
1 in 4 Lion City residents have savings of less than $1,000 per month, below the average S$1,733.
Luxury travel retailer DFS taps Alipay+ to offer cross-border payments for Asian travellers
DFS and Alipay are also developing other membership offers and rewards.
Hong Leong Bank, JCB, Soft Space drive JCB card use in Malaysia
Sofitel Kuala Lumpur Damansara has begun accepting JCB card payments.
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