Staff Reporter
Circle Singapore secures MPI license from MAS
Circle Singapore secures MPI license from MAS
The company can now provide digital payment token services, cross-border money transfers, amongst others services.
Green Link Digital Bank commemorates one year, plans of SGX listing 2027
The bank celebrated by donating S$150,000 to charity.
PAOB launches Business Revolving Loan in expanded eftPay collaboration
It offers a maximum credit limit of up to HK$300,000.
Philippine digital bank Tonik hits 1 million customers
It furthers the bank toward its goal of financial inclusion in the country.
US SEC charges Binance for violations to securities law
The company and founder both misrepresented their restrictions on US customers.
Less Filipinos fall short of meeting credit card payments
The delinquency rate has been falling since the COVID-19 pandemic started.
South Korea’s new capital buffers to strengthen banking system’s resilience
No capital raising or sheet adjustment is expected from the country’s biggest banks.
Commonwealth Bank of Australia waives transaction fee for overseas money transfers
The waived fees exclude Japanese yen transactions in its CommBiz platform.
Shareholder support key for Hong Kong virtual banks to weather failure risks
Six out of the eight virtual banks in the city reported narrower losses in 2022.
Korean banks’ net income jump 24% in Q1
Interest income declined as a result of interest rates falling during the period.
UBS to finalise Credit Suisse acquisition by 12 June
After the acquisition, Credit Suisse and American Depositary Shares will be removed from SIX and NYSE.
BOCHK warns customers against phishing messages, fake app
The case has been reported to the HKMA and the police.
Australian banks face elevated risk of credit losses: S&P
Whilst losses are projected to remain low, a sudden price drop in the housing market spell trouble for banks.
Deposit war squeezes Malaysian banks’ margins
There is a steady outflow of savings deposits into higher-yielding fixed deposits, says S&P.
Vietnam’s BIDV, JCB International launch credit card
Customers can enjoy up to a 20% cashback on select transactions.
OxPay and NomuPay ink partnership for market expansion
OxPay will be able to enter new markets where NomuPay already services.
PwC, StanChart release analysis on CBDCs' role in future banking
The paper highlights CBDCs programmability and how they can revolutionise retail, trade, and supply chain finance.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
