Staff Reporter
Buy now, pay later gains traction in Asia
Buy now, pay later gains traction in Asia
BNPL brand Afterpay served 20 million customers in Australia alone.
Mastercard names Gautam Aggarwal as division president for South Asia
Aggarwal will oversee the card payment provider’s activities across South Asia and India.
Robinsons Retail to buy 4.4% stake in BPI
Robinsons Retail will purchase 4.4% interest in the Bank of the Philippine Islands.
Hong Kong’s ZA Bank unveils short-term savings plan with up to 5.25% p.a. return
It has an 18 month lock-in period and offers a 0.65% discount for a limited time.
Bank of Singapore names ex-Goldman Sachs SG CEO as new chief
Jason Moo served as CEO of Goldman Sachs Singapore from 2017 to 2019.
Citi names Aftab Ahmed as Citibank Taiwan chairman
Ahmed has worked in Citi for over 40 years.
Is 2023 the year Southeast Asia’s financial services become future-ready?
Southeast Asia’s financial services institutions (FSIs) are bracing themselves for another year of volatile geopolitical and economic conditions, with record-high inflation and rising interest rates. But those willing to push the digital envelope will find new pockets of growth to help them remain resilient and become future-ready. For this to happen, FSIs need their executives to embrace a digital-era transformative mindset – one that builds skills, flexibility and agility, preparing their organizations to pivot at any moment.
It’s the most wonderful time of the year!
We’re taking the time off and will be back on 9 January 2023.
Why the universal banking model is no longer sustainable
Changing customer attitudes and lowered barriers to entry has transformed how banks’ fortunes are made.
Citi winds down China consumer banking business
The exit does not include its institutional business, Citi said.
HSBC to stop funding new oil and gas projects: report
They will continue to finance energy companies at a corporate level to help them transition.
Foreign banks in China face growth challenges in 2023: Fitch
Their share of system assets in 2021 is just 1.4%, with only a 0.5% growth.
CIMB Singapore offers online fixed deposit rates of up to 4.2% p.a.
Promotion is valid until 31 December 2022.
Standard Chartered upskills 8,000 Singapore employees through diSCover
The portal offers over 400 courses in specialist areas.
MUFG Bank signs BTNZ as first client for green deposits product in New Zealand
The funds are used for green loans in clean transportation and green development.
Hang Seng Bank warns of fake KOL Hazel Instagram account, website
The bank said that it will never ask customers to log in through embedded links.
Standard Chartered names ex-East West banker as Asia head of client coverage
Huang will be based in Hong Kong.
Commentary
What kids without wallets can teach us about the future of finance
What is best practice when setting up an in-house bank?
How technology and regulation are reshaping the lending landscape
Protecting against the mobile Trojan horse in your pocket
Beyond the code: How mobile banking is weaving a new financial narrative in Asia