Staff Reporter
Lexasure engages in partnership for auto insurance
Lexasure engages in partnership for auto insurance
The partnership aims to service Singapore and Cambodia’s markets.
Singapore banks face tepid loan growth; interest margins to peak in 2023
Banks may face some backsliding in its bad loans ratio, S&P’s Ivan Tan warned.
Australia unveils new standards for banks, insurers’ operational risk management
The new standard will take effect on 1 July 2025.
Australia's Zip cuts 20% of workforce: report
The CEO did not confirm whether the company is downsizing its workforce.
BPI net income up 23% to $461.09m
Net interest income rose 27% but non-interest income fell.
Line Bank Taiwan launches Fast Financial Platform
As of July, LINE Bank Taiwan has over 1.57 million users.
GXS opens savings account to all Singaporeans, maximum deposit raised
It offers a daily interest credit feature.
Korea eases rules on overseas ownership; insurers can acquire banks
Insurers can invest in foreign financial and non-financial companies within regulatory boundaries.
Shinhan Bank, SCB TechX successfully complete stablecoin remittance pilot
The proof of concept was built on the Hedera network.
SMBC grants $50m green loan to Thailand's Indorama Ventures
Indorama Ventures will use it for their working capital and to achieve its sustainability targets.
Asian banks see market cap value jump in Q2: study
Of the 25 global banks included in the report 13 are headquartered in Asia.
Housing loans, online loans most popular in SEA: study
Analysts said the rise in home loans is likely caused by the region’s geolocation.
Hang Seng expands remote account opening service to HK companies with mainland shareholders
The e-Sign service can also now be used to provide signatures for loan documents.
S. Korea’s Exim Bank join forces with Polish development bank
The partnership focuses on financial support for infrastructure, transportation, and renewable energy.
Bank of Korea launches financial and economic snapshot platform
It is optimised for mobile devices to make data viewing easier for the public.
Malaysia’s Curlec by Razorpay launches payment gateway
Curlec targets RM10b in annualised gross transaction value by 2025.
E-wallet Nagad reaches 80 million account registers
This was in line with their journey of boosting the region’s SDGs.
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