Staff Reporter
Hong Kong banks face mixed outlook with expected rate cuts in 2024
Hong Kong banks face mixed outlook with expected rate cuts in 2024
Credit risk management will be a key concern for banks amidst fluctuating interest rates.
Siam Commercial Bank kickstarts 4-year journey to revamp core banking system
It has inked a MOU with Sunline to become a full-fledged digital bank entity.
MUFG Bank, Krungsri ink MOU with Thailand’s East Economic Corridor Office
MUFG Bank and Krungsri will support customers who consider investing in the EEC.
CTBC Bank bags two wins at ABF Fintech Awards 2024
It redefines banking with strategic collaborations and tailored financial services.
Outstanding banking and finance industry champions crowned at Asian Banking & Finance Awards 2024
The 2024 Wholesale Banking Awards, Retail Banking Awards, Corporate and Investment Banking Awards, and the inaugural FinTech Awards recognised the industry's top performers for their innovation, dedication, and exceptional client service.
Clean energy gap presents investment opportunities for banks
Krungsri and CIMB Thai explore use of emerging tech to monitor risks better.
CIMB SGoffers up to 3.88% limited-time rate for new business customers
The offer is valid until 31 August 2024.
APAC banks face 2.5 million shortage of skilled cyberstaff
Banks may not have the right people in-house to mitigate them.
China faces decade-long clean-up of embattled rural banks
Expect more mergers and consolidations, and even some closures, S&P says.
Endowus Private Wealth offers HK investors access to 400 fund strategies
Over 400 fund strategies are made available to Endowus clients.
Singapore proposes strengthened anti-money laundering bill
This includes empowering law enforcement agencies in prosecuting ML offences.
CIMB sets out 2030 climate targets for O&G and property portfolios
The bank will stop financing new upstream oil fields beginning January 2025.
BRI net interest margin slated for 31bp decline in 2024
NIM is expected to rebound 25bp in 2025.
SCB’s Easy and Mae Manee apps temporarily unavailable on select dates
SCB is upgrading its Easy App.
Bangkok Bank announces temporary closure of digital, payment services on 6 July
Debit and credit cards won’t be able to use their cards for transactions during the period.
Ant Group and Mastercard extend payments program to Chengdu, Chongqing
Tourist spending using Ant Group’s digital payments rose 13-fold in the two cities.
Allianz and HSBC launch new life insurance plan
The plan comes with a premium starting from RM6,000.
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1. BSP offers loan relief measures to ease energy price pressures 2. Malaysia finance firms see AI ambitions falter as legacy systems block progress 3. HSBC to roll out HKD-denominated stablecoins in H2 2026 4. Affin Bank sees AI reshaping Malaysia wealth advisory over next 3 to 5 years 5. Bank of Singapore names Vi Sun Yang as head of ASEAN private bankingResource Center
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