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HKECIC and Hang Seng deliver first green export credit insurance
HKECIC and Hang Seng deliver first green export credit insurance
The very first green financing arrangement will ease export expenses whilst maintaining sustainability.
CCB Asia, FWD launch enhanced bancassurance service with Open API
Customers can receive approval for their insurance policies in as fast as 1 working day.
MUFG Bank invests over $230m in Indian fintech DMI Finance
It has serviced over 11 million customers as of end-2022.
Mitsubishi UFJ postpones AT1 bond issuance after Credit Suisse wipeout: report
It plans to issue by late April or mid-May instead, according to a spokesperson.
HSBC Singapore announces new board of directors
Their appointments is effective starting 4 April.
Nomura appoints North Asia Head of Wealth Management
This is in line with the company’s goal to build its International Wealth Management business.
Visa names Paulina Leong as Hong Kong, Macau market lead
Her role as the appointed General Manager is effective immediately.
Philippine’s NextPay reaches P3.2b transactions volume in 2022
The company is also looking forward to a Series A funding round in the second half of 2023.
Singapore and Malaysia launch cross-border QR code payment links age
Person-to-person fund transfers are targeted to finish by year-end.
Hang Seng China unfolds cross-boundary wealth management centre in GBA
It is the first cross-boundary wealth management in China.
Citi makes new appointments to Treasury and Trade business
This follows the ASEAN appointments from earlier this week.
Hong Kong-based Statrys launches SMEs cross-border payments system
The local payments solution will allow SMEs to make transactions in multiple currencies.
CICC hosts China-Japan Finance and Eco-Forum, launches fixed income app
The conference discusses the industry’s key issues and opportunities in China, Japan and Asia.
Sergio Ermotti returns as UBS CEO
The UBS board says his experience is ideal to manage the Credit Suisse acquisition.
Bank of Singapore appoints Ranjit Khanna as Middle East global market head and Dubai branch chief
The appointment is effective 3 April 2023 and subject to regulatory approval.
Disruption of DBS’ digital services is unacceptable – MAS
The last digital disruption happened 16 months ago or November 2021.
Citi names Rajak Madhok as global head of Citi Commercial Bank credit risk
Madhok will relocate to New York.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. Bank of America appoints Phil Carmalt as head of APAC GPS 4. HSBC Singapore unveils wealth centre at The Star Vista mall 5. Citi names Goldman Sachs banker as head of markets solutions in Asia South & NorthResource Center
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Compliance and legacy systems stall B2B payment shift
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The Asian connection: China's path to sustainable growth