Staff Reporter
Singapore’s digital bank Trust reaches 100,000 customers
Users were aged 18 to over 90 years old, Trust Bank said.
HDBank’s plan to buy unnamed “weak bank” to weaken loss buffers: Moody’s
Little is known about the target bank and what incentives Vietnamese authorities offer.
DBS unveils targets for decarbonisation, data coverage under net zero goal
It plans to reduce emissions from O&G sector by 28% in 2030.
Citi, Yahoo launch personal finance hub Life and Money
It is hosted on Yahoo Finance in Singapore.
Singapore’s wealthtech venture funding surge sevenfold in four years
More rich people, digital tools are behind the rise
Rising interest rates births more challenges for Asia's digital banks
Few manage to break even, and those that do are back by conglomerates.
DBS buy virtual land at The Sandbox metaverse to create DBS BetterWorld
It will acquire a 3x3 plot of land to develop.
CIMB Singapore raises fixed deposit rate to up to 2.7% per annum
It’s available for 12 and 18 month periods.
Taiwan bad loans increased by $400m in July
Total outstanding loans increased to $1.19t at the end of July.
Standard Chartered, MonetaGo launch service to avoid duplicate financing fraud
It is accessible via SWIFT’s global API.
Citi Philippines raises Home Credit’s facility to $14.3m
This is almost double the $7.36m it approved last May.
Citi names Aditya Sharma as Asia head of custody
He has spent 19 years with Citi.
Singapore’s fintech funding hit three-year high for an H1 period, but fizzles from H2 2021
The funding was the highest for a first-half period since 2019, but 15% lower than in H2 2021
BOC Hong Kong arranges $115.8m green-linked loan for China Overseas Land & Investment
COLI will enjoy savings in borrowing costs should it meet performance targets.
KPMG launches embedded finance hub in Singapore
It will run for 2 years and provide incubation support to institutions.
ABA Bank leads the digital transformation journey for financial inclusion
It has been paying attention to the technologies in the industry as well as the needs of the customers.
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