Staff Reporter
Less Filipinos fall short of meeting credit card payments
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.
JCB reduces GHG emissions by 54.4% in 2022
It also shared the initiatives which took place last year.
Public Bank unveils PB SecureSign in major security overhaul
This is in line with the bank’s commitment to boost cyber protection.
Artificial intelligence at the epicenter of Singapore FinTech Festival 2023
The event is scheduled for 15 to 17 November.
MAS slams 6 ex-Great Eastern financial advisers with prohibition orders
This follows after the six individuals were convicted of tax evasion.
APAC real-time payments to grow 14% through 2027
Over 49 billion RTP transactions were made in APAC throughout 2022.
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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. NAB invests $55m to upgrade over 100 branches across Australia 4. Airwallex gains capital markets services license in Singapore 5. SMBC appoints Joy Kwek to lead capital markets & solutions in APACResource Center
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