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Standard Chartered invests $500m in BNPL fintech Atome
Standard Chartered invests $500m in BNPL fintech Atome
The partnership is eyeing 16 million customers by 2025.
Weekly Global News Wrap: British financial watchdog might visit bankers working from home; UBS creates AI team
And Barclays opens Glasgow campus.
UOB unveils financing platform for businesses, homeowners’ green energy needs
The U-Energy platform has nine partners that can support energy efficiency projects.
ADB boosts 2019-2030 climate financing goals to $100b
The bank expects its own climate financing in 2019-2021 to reach $17b.
Deutsche Bank raises $200m via second green foreign currency bond in Taiwan
Proceeds will be used to fund eligible green assets.
OCBC launches one-stop travel site ahead of Singapore’s re-opening
Also included with the launch is a credit card focusing on travel.
Standard Chartered targets Singaporean millennials in new ‘smart card’
Cardholders can earn up to 6% cashback first when used in digital subscriptions.
Philippine-based Cantilan Bank, AFIN launch digital banking service
They aim to deliver cashless financial services to the Philippines’ rural unbanked.
Chart of the Week: Malaysia’s card payments market to be worth $80.2b in 2025
Market value is expected to rebound 8.5% in 2020 after declining last year.
KBank to eliminate long-term loan for coal power by 2030
KBank is a signatory of the UN's sustainable financing initiative.
Westpac warns $954m profit hit from one-off impairments
It is also hit with one-off costs from the sale of its insurance arm and specialist business.
Japan’s rural banks embrace more risks in search of profits
Their greatest enemy is time as business opportunities need years to take fruit.
Barclays appoints Angela Liu as CEO of China operations
Liu is tasked with strengthening the bank’s cross-border CIB platform in China.
CIMB Bank PH's gross transaction value triples in nine months
The bank now has nearly 5 million customers in total, and almost 1 million lending customers.
Eight in 10 ATMs in APAC are now automated deposit machines: RBR study
Over 1.4 million of 3.1 million ATMs globally now accept automatic note deposits.
China mulls adding crypto mining to 'negative list' of industries: report
Industries under the list are deemed off-limits for investments.
APAC banks on track for LIBOR phase-out: S&P
Singapore banks are leading the way in adopting alternative reference rates.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. Bank of America appoints Phil Carmalt as head of APAC GPS 4. HSBC Singapore unveils wealth centre at The Star Vista mall 5. Citi names Goldman Sachs banker as head of markets solutions in Asia South & NorthResource Center
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The Asian connection: China's path to sustainable growth