Staff Reporter
Loan matching platform Lendela names new CFO, CTO
Loan matching platform Lendela names new CFO, CTO
Lendela is planning to scale business across Hong Kong and APAC.
Straits Millennium obtains IPA for SG major payment institution licence
The company will offer digital payment token services in Singapore.
Airwallex hits $130b in transactions, up 30% since August
The company saw a 78% YoY surge in profit since Q1 2024.
BEA introduces new loans for SMEs' growth and green goals
The loans range from HK$1m to HK$2m.
Citi eyes 10% increase in social finance funding in Asia
Over $2b in social finance transactions were raised in Asia in 2024.
Mastercard rolls-out network-level AI-powered solution against financial crime
Together with BancNet, it has already onboarded 36 Philippine banks.
Singapore unveils BL checker for banks
Banks can automatically retrieve data points to verify if the Bill of Lading is genuine.
Singapore’s SMEs missing out on S$800m annually due to idle cash
Over 2 in 5 keep their cash idle in deposits and bank accounts.
Taiwanese banks’ bad loans fell in Dec 2024
The NPL ratio remained the same.
DBS names new group COO, group audit head
Jimmy Ng, current group head of operations, will retire and become a senior advisor for AI.
OCBC, EnterpriseSG offer SMEs sustainability assessments, green loans
SMEs will be able to measure their sustainability performance.
ANZ joins Bank@Post, allowing customers to bank at Post Offices
Customers can access the services beginning 1 October 2025.
CBA expected to maintain low credit losses, strong capital levels
Australian banks remain exposed to high household debt and prices.
Westpac CEO welcomes changes to Australia’s home lending regulations
The bank suggested a more flexible approach to risk tolerance in property construction in select cases.
Taiwanese banks extended more SME loans in December
Average NPL ratio declined by 0.01 percentage point.
CommBank Australia reports net profit of $3.2b in H1
Interim dividend is A$2.25 per share.
Philippine banks expand lending by 12.2% in Dec 2024
Loans for production activities rose 10.8% during the month.
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