Staff Reporter
Hong Leong Bank, JCB, Soft Space drive JCB card use in Malaysia
Hong Leong Bank, JCB, Soft Space drive JCB card use in Malaysia
Sofitel Kuala Lumpur Damansara has begun accepting JCB card payments.
Mizuho Financial Group reports $1.71b in profits for Q1 FY2023
Net income per share of common stock is JPY96.75 for the quarter.
Singapore fintech investments record three-year low in H1
Consolidation drove fintech investments in the payments space, KPMG found.
HSBC’s records $12.9b pre-tax profit for H1
This is $12.9b higher compared to the first six months of 2022.
Hang Seng Bank’s profits up 79% in H1; HK$1.1 per share interim dividend declared
Operating profit rose 67% compared to a year earlier.
MAS unveils revised framework to strengthen anti-ML controls in single family offices
There will be harmonised class exemption for SFOs who meet specific requirements.
Bank of China Hong Kong to conduct system maintenance in 6 August
Services affected include ATM transactions and the BOCHK website.
UnionDigitalBank, Capital A launch embedded finance services in the Philippines
Amongst services to be offered is the “Fly Now, Pay Later” flexible payment option.
China taps banks to bolster cross-border trade, offer financial support
Additional support will be provided for export-related credit insurance.
Standard Chartered Asia's income up 23% in H1
11 Asian markets registered record incomes.
Bank of China Hong Kong warns of fraudulent website
The case has been reported to the HKMA and the local police force.
Ardshinbank clinches top honour as the Domestic Retail Bank of the Year - Armenia
Their exceptional growth and customer-centric approach secure the prestigious ABF Retail Banking Award.
Singapore to eliminate use of all corporate cheques by 2025
Cheque transactions have declined by almost 70% between 2016 to 2022.
Hang Seng Bank raises HKD prime lending rate to 5.875% per annum
Its savings deposit rate is also being increased.
BEA raises standards savings rate to 0.875%
Its HK dollar prime rate has been increased to 6.125% per annum.
Bank of China (Hong Kong) adjusts HKD prime rate to 5.875%
The savings deposit rate will also be adjusted to 0.875% for accounts with a $5,000 balance and above.
Public-private cooperation and partnership are key to advancing CBDCs
Whilst the merits of CBDCs are still widely debated, central and commercial banks are actively exploring the use of CBDCs in local markets.
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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
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