Staff Reporter
MUFG eyes enhancing intra-Asia flows, sustainability, O&D in FY2025
MUFG eyes enhancing intra-Asia flows, sustainability, O&D in FY2025
They are looking into AI as a means to adopt more sustainable and digital practices.
UOB becomes direct participant of China’s cross-border interbank payment system
UOB will provide one-stop cross border RMB clearing, settlement, and payments.
ASIC issues warning to influencers promoting high-risk financial products
The influencers are providing unauthorised financial product advice, ASIC said.
Malaysia rolls out innovation lab for climate finance solutions
Greater private sector involvement is needed to accelerate Malaysia’s climate journey.
DBS partners with Austrade to help Australian companies expand into SEA
DBS will provide advisory services, financial planning, and risk management.
Mizuho has given out JPY40.3t in sustainable finance loans in 5 years
The bank expects to have reduced its Scope 1 and 2 emissions by 64%.
Bank Central Asia prioritises margin stabilisation over aggressive loan growth
Its LDR and cost-to-income ratio are the lowest amongst its peers, UOBKH said.
1 in 2 Gen Alpha has digital wallet, investment account
Over half uses a digital wallet, and nearly the same share has an investment account
Visa unveils option to switch between debit and credit card in Vietnam
The Visa Flex Credential enables cardholders to do the switch via their bank app.
Alipay enables in-store payments using AR glasses in China
Users will confirm payments using their voice.
Salmon Group raises $88m to expand its business in the Philippines
The equity round was led by venture capital firm Spice Expeditions, LP.
Bank Tabungan Negara’s high asset risk remains despite strong capital ratio
Profitability is expected at 0.55% to 0.65% in 2025 on higher credit costs.
Banks ramped up fossil fuel financing in 2024
Amongst Asian banks, Mizuho Financial and Mitsubishi UFJ Financial are on top of the list.
Nanyang Commercial Bank still weighed down by property risks in 2025
The de-risking process is expected to take a longer time, Moody’s said.
NAB record 16% new homebuyers after home lending rate cut
They expect to see more home buyers re-enter the market.
ANZ names Lachlan Halstead as country head for ANZ China
Halstead had formerly served as country head for ANZ Papua New Guinea.
India’s payments central body launch training programmes for cybersecurity
They will also develop an exclusive NPCI-certified payment security cert. programme.
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