Staff Reporter
HSBC unveils Well+, incorporates banking and insurance in one platform
Customers can earn rewards of up to $2,000.
RHB, Boost secure Malaysian digital bank license
Boost will own 60% of the digital bank whilst RHB will own 40%.
DBS, Xero simplifies SMEs loan application with data-sharing partnership
Xero customers now has the option of sharing their transaction records to DBS.
Singapore banks report lower earnings in unison
DBS, OCBC, and UOB all saw their profits fall 10% year-on-year.
South Korean banks’ interest rates rise to eight year-high: report
The rising rates have spawned worries in households' repayment abilities.
UOB profits down 11% to S$906m in Q1 amidst market volatility
Loan fees grew, but credit card and wealth fees recorded declines.
OCBC reports S$1.36b net profit in Q1
Profits were 10% lower than last year, but 39% higher than Q4 2021.
DBS posts US$1.3b net profit in Q1, second-highest on record
Wealth and investment banking fees were lower after 2021’s exceptional year.
Financing a better future: How FSIs can develop an ESG strategy
An expert from ServiceNow said data is key for ESG integration.
Sumitomo Mitsui appoints former J.P Morgan banker as head of M&A advisory of SFDA
The newly created role sees Chirolli leading SMBC’s M&A advisory efforts in Asia.
GBG webinar to highlight importance of wielding data against fraud
Organisations would need to strike a balance between maximum security and seamless services.
Standard Chartered Hong Kong buys virtual land in metaverse
The Sandbox’s Mega City district is touted as a culture hub inspired by Hong Kong.
Weekly Global News Wrap: HSBC profits slide in 2021; UBS posts best Q1 profit in 15 years
And Swedish bank SEB signs up its first banking-as-a-service client.
Earnings challenges of Australia’s big four banks to ease: Fitch
Asset quality outcomes from the pandemic were less severe than expected.
6 in 10 Singaporeans have high trust in banks
Only 5% have low trust in the banking industry.
Dah Sing Bank resumes normal business operations in all branches
Kwun Tong and Tokwawan branches are set to reopen in 3 May.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. Union Bank of the Philippines ‘aggressive’ growth strategy brings more problem loans 4. Bank of America appoints Phil Carmalt as head of APAC GPS 5. HSBC Singapore unveils wealth centre at The Star Vista mallResource Center
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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