Staff Reporter
BNPL, digital wallets accelerates growth of e-commerce fraud: study
Global e-commerce fraud will exceed $48b in 2023, and 22% will be from Asia.
Expect faster credit, more government issuance in China through 2022: ING
Government spending should continue to increase in order to provide enough job stability.
Citi names Keith Lee as Hong Kong high net worth market manager
He has 25 years of experience in the financial industry.
Malaysia, Indonesia sukuk markets to slow in near-term: Fitch
Issuance in core markets, which include the two countries, fell 14.4% in Q3.
China new bank lending rise in September: report
Household loans rose to CNY650.3b in September.
HSBC Global Private Banking launches Chengdu, Hangzhou units
The newly established teams are comprised of relationship managers and investment counselors.
Does the future of banking lie in the metaverse?
Virtual reality may be the answer to more digitally optimized financial services that does not sacrifice personalisation.
Citi TTS to launch 24/7 USD clearing service in Q4
Clients can make USD payments globally 24/7, even during holidays.
Fintechs to play transformative role in cross-border payments: MAS
MAS said the current state of cross-border payments is unfit for the 21st century.
Standard Chartered unveils digital trade portal Trade Track-It
Customers can track vessels and check sustainability compliance.
Bank of China HK warns of fake website
It has already been reported to the HKMA and the local police force.
Sumitomo Mitsui securities unit suspended from block trading for 3 months
SMBC Nikko employees were suspected of conducting illegal stabilization transactions.
Mizuho Securities buys 19.99% of Rakuten Securities’ common stock
The two have also signed a shareholder agreement.
DBS unveils tech apprenticeship programme for polytechnic students
It will take in 20 students this year to start and later expand across all 5 polytechnics in SG.
Islamic banks must boost market share before any “radical” changes: analysts
But an abolition of the fractional reserve banking system may be a good idea.
India’s Kotak Mahindra Bank unifies corporate banking portal with Finastra
The bank plans to add payments and collections services by end-2022.
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Compliance and legacy systems stall B2B payment shift
Retail drives digital payments as B2B adoption lags.
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The Asian connection: China's path to sustainable growth