Staff Reporter
Fintech funding slows as COVID-driven digital hype fades
Fintech funding slows as COVID-driven digital hype fades
Valuations of technology stocks, both public and private, are down 60%, analysts said.
Singaporeans still keen on ATMs, branch banking: study
3 in 4 Singaporeans still frequently use ATMs.
DBS offers SMEs up to S$300,000 financing with DBS Quick Finance
Customers can choose between an overdraft or a loan.
JP Morgan names India corporate banking head as interim India CEO
PD Singh has served as corporate banking head since 2021.
OCBC reveal employee-run community farm in Central Business District
\It is expected to produce 140 kgs of vegetables annually.
J.P. Morgan names Navin Wadhwani as India’s head of investment
He joins from Indian conglomerate Reliance Industries.
J.P. Morgan appoints Madhav Kalyan as head of Asia Pacific payments
Kalyan succeeds Sridhar Kanthadai.
Kakao Bank, Kakao Pay shares tumble as fire disrupts services: report
All services under Kakao were severely affected by the data center fire.
South Korea’s bank loans fall by $834m in September: report
The rise in banks’ lending rates contributed to the fall.
Singapore unveils industry guidelines for sustainable private banking
The industry group sustainability taskforce has also developed a training benchmark.
How are superapps changing the digital banking landscape?
In the future, a one-stop-shop may just be the way to go for bank customers.
Weekly Global News Wrap: Higher capital req’s to curb lending, says Citi exec; Interest rates may hit over 4.5%
And France’s Orange exploring “all opportunities” amidst reports it's selling its bank arm.
Banks warned vs risks of North Asia exposure, NPLs: Maybank
North Asia non performing loans went up 8% to 191% quarter-on-quarter.
MAS names Gillian Tan as new chief sustainability officer
Tan will lead the sustainability group for tighter coordination of MAS’ sustainability initiatives
Korean banks’ in solid position to weather strong US dollar
Expectation of strong government support and solid foreign currency liquidity will support banks.
Thai banks face shrinking margins, ballooning costs amidst economic woes: analyst
Thailand can’t rely on tourism to buoy reserves.
Hong Kong steering group launches sustainable finance internship
The programme aims to encourage students to make a career in the field.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB pledges S$2.98b to support Johor-Singapore SEZ 3. DBS and OCBC expected to report lower margin in Q1 on SORA easing 4. Union Bank of the Philippines ‘aggressive’ growth strategy brings more problem loans 5. Bank of America appoints Phil Carmalt as head of APAC GPSResource Center
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