Staff Reporter
DLT, digital money rise as securities sector eye faster settlements
DLT, digital money rise as securities sector eye faster settlements
The move to T+1 has given birth to challenges in the securities ecosystem, said Citi.
Jeonbuk Bank profits to weaken from real estate lending woes
Asset quality and profitability will weaken through 2024, Moody’s said.
QR payments seen to skyrocket by 2028 – Study
Its transaction volume is expected to reach 90 billion by 2028.
Which countries charge the highest ATM withdrawal fees?
The Philippines is the most expensive place in Asia to withdraw cash via ATM.
Consolidation in the cards for Australia’s mutual lenders
Mutuals should scale back branch operations and invest in tech.
Gojek launch point rewards program with yuu, DBS
Users can earn up to 37 points for every $1 spent on Gojek rides.
Maybank Singapore wins ABF Corporate and Investment Banking Awards for Global Banking and largest-ever SLL amongst Singapore REITs in 2022
The bank continues to develop innovative financing solutions to fund new projects and ventures in sustainability solutions.
DBS Hong Kong finalises HK$800m green loan with HSH
KPIs set include reduction in carbon intensity, increase in waste diversion rate, amongst others.
Bank of East Asia extends hours of Shenzhen Futian Port sub-branch
It is now open on Saturdays from 10 AM to 5PM.
HSBC unveils ETF platform solutions
The bank has collaborated with Calastone to develop an ETF order management system.
KEB Hana Bank’s profits stable in 2023, but NIM to decline
It has improved its cost-to-income ratio and loan portfolio over the years.
Over six out of 10 consumers trust established banks for insurance plans
Only 40% trust digital-only insurers.
RBI approves appointment of Axis Bank new executive director
The approval covers a period of three years beginning 17 August.
Double digit profit, loan growth in the horizon for Indonesia’s BCA
Net profit will rise by 21% year-on-year.
SEA payment transactions to climb $54t by 2027 – report
Vietnam and Indonesia will have the biggest share in payment transaction volume.
MAS in process of tracing funds, assets related to $1b money laundering case
MAS says it has been in touch with FIs where the potentially tainted funds.
Bangkok Bank clinches license to offer custody services in Vietnam
Services include receipt-delivery, settlement, and clearing, amongst others.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
