Staff Reporter

SG, Indonesia FinTech startups funding decline in 2024

Singapore tech startups raised $2.1b whilst Indonesia funding declined by 75%.

Alipay overseas transactions spike 30% amidst new year festivities

Singapore registered the fastest growth of 56% YoY.

BSP, Royal Canadian Mint ink MoU on currency management

It outlined key areas of cooperation including technology exchange.

HSBC, Delta Capita collaborate on post-trade services

Delta Capita established operational hubs in Kuala Lumpur and Manila.

Euroclear Bank secures Singapore branch licence

It will operate under a wholesale banking licence.

Leverage travel as a competitive advantage to strengthen customer engagement and loyalty

With travel increasingly becoming a priority for consumers in Asia Pacific, it presents unique opportunities for brands to build strong relationships with their most valued customers, differentiate from competition, and deliver measurable business impact.  

Most MSMEs in Asia seek bank loans first, but success rate remains low at 57%

Amongst all funding options, microfinance institutions had the highest success rate.

Aozora Bank's Q3 profit soars 90.2% to ¥90.2b

Thanks to the improvement in net interest income.

ICICI Bank’s net profit up by 14.8% YoY to $1.4b in Q3

Its domestic loan portfolio also grew by 15.1%.

BPI’s net income increases by 20% YoY to $1.06b

Revenue stood at $2.9b (PHP170.1b), up by 23%.

Financial fragmentation threatens bank profits and lending

Globally, it can lead to nearly 280 million fewer jobs by 2030.

Unlocking strategic value in maximising ROI: A key discussion with Cognizant

Gain insights into exploring strategies for optimising IT investments and cost intelligence from top leaders in the banking and financial services industry.

New Policy Pulse details efforts to achieve HK’s financial hub status

It provides an overview of the developments and achievements of HK’s financial services in recent years.

India Post Payments Bank, PNB MetLife India Insurance ink bancassurance deal

The collaboration will leverage IPPB’s network of 650 banking outlets.

Philippine Crop Insurance to disburse farmer payments via GCash

Farmers no longer required to visit PCIC offices.

Transforming IFRS 9 Compliance: The Case for Expectation-based Subledger Accounting

The introduction of IFRS 9 at the start of 2018 fundamentally transformed how financial institutions (FIs) understand and measure risk, prompting a shift to a proactive approach to credit risk management. FIs must anticipate and make future losses provisions, rather than reactively responding only after a loss has been incurred. This shift necessitates accurate financial reporting and extensive disclosures, including the recognition and measurement of expected credit losses (ECL).