Staff Reporter
OCBC rolls out generative AI chatbot for employees, amongst world’s first
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.
Standard Chartered appoints new regional heads of private banking
The appointment is effective 1 January 2024.
Mizuho launching universal bank in Europe, to close offices in 4 cities
The new bank will be based in Amsterdam, with offices in Frankfurt, Madrid, and Paris.
Standard Chartered SG derisking pays off as asset quality improves: analyst
Though its lending profile is less diverse than local banks, capitalization remains strong.
MAS issues expectations for financial institutions’ net zero transition planning
The guidelines are aimed at helping FIs enable effective climate change mitigation.
South Korean banks’ deposits up US$19.9b in September
Transferable deposits rose substantially, whilst time deposits fell.
Chuseok, mortgage demand drive up Korean banks’ lending in September
Home mortgage demand grew by $4.49b (KRW6.1t) in August.
OCBC names new Greater China head, OCBC Wing Hang China CEO
Wang Ke and Ang Eng Siong are stepping up to their new roles on 1 November.
Citibank Singapore launching new satellite wealth advisory hubs in 2024
The Parkway Parade hub and One Holland Village hub expands Citi’s physical footprints.
Two Hong Kong banks facing record fines for short-selling in Korea: report
South Korea’s FSS said they made short-selling deals worth KRW40b and KRW16b, respectively.
Thought Leadership Centre
Most Read
1. Mizuho to acquire majority of Upsider’s shares for $309.8m 2. Singapore launches electronic deferred payments to ease cheque phase-out 3. SMBC appoints Joy Kwek to lead capital markets & solutions in APAC 4. NAB invests $55m to upgrade over 100 branches across Australia 5. Airwallex gains capital markets services license in SingaporeResource Center
Read Here
Advertise
Sign Up
Event News
It continues to lead Taiwan’s banking sector by leveraging behavioural insights, advanced AI, and a strong focus on personalised service.
Commentary
What kids without wallets can teach us about the future of finance
What is best practice when setting up an in-house bank?
How technology and regulation are reshaping the lending landscape
Protecting against the mobile Trojan horse in your pocket
Beyond the code: How mobile banking is weaving a new financial narrative in Asia