Staff Reporter
Japan’s MUFG sells US retail bank subsidiary to US Bancorp in $8b deal
Japan’s MUFG sells US retail bank subsidiary to US Bancorp in $8b deal
It is exiting the retail banking business to refocus on corporate transactions.
Indonesian fintech startup Komunal clinches $2.1m Series A funding
The company offers Neo-rural bank services locally.
Relaxed regulation heightens Thailand banks’ systematic risks: S&P
NPL ratio is expected to rise to its highest since the 2009 financial crisis.
New bank players from Thai, Malaysia agreement face limited growth prospects
The latest licensed banks in Thailand have loan market share below 0.5%.
UOB injects $88m in fresh capital for Vietnam charter
The capital injection was approved by the State Bank of Vietnam.
More mergers in the horizon for Islamic banks in South Asia, SEA
For smaller players, this may be their best bet to protect their assets.
Chart of the Week: South Korea’s card payments market to reach $1.2t in 2025
Government incentives will support its continued growth.
Manulife, DBS launch flexible retirement product in Singapore
RetireSavvy allows Singaporeans to adjust their retirement plans.
Citibank named top bank in Singapore customer experience study
Its net promoter score rose 35% in 2021 from end-2020.
Singapore-based fintech Thune appoints Irina Chuchkina as new CMO
Chuchkina has 15 years of experience in the fintech industry.
Vietnam’s HDBank clinches $50m loan to finance green projects
Green projects have the potential to create over 1,350 jobs in the country.
Citi APAC appoints head of sustainability & corporate transactions for BCMA group
Rapheal Mun will relocate from Singapore to London for her new role.
Sri Lanka’s large banks’ outlook worsens amidst new COVID surge
The new COVID surge that began in April may hinder GDP recovery.
Cebuana Lhuillier Bank gets Rural/Cooperative Bank of the Year nod at 2021 Asian Banking & Finance Retail Banking Awards
The bank’s commitment to providing financial inclusion through innovative service is considered a game-changer in the Philippines
Half of APAC banks at risk of missing digital transformation targets: study
Banking leaders admit that they are at risk of ceasing to exist in 5-10 years.
UOB unveils green financing solution to push EV adoption in Singapore
It creates a one-stop ecosystem that connects its users to EV car dealers.
HSBC India unveils one-stop solution simplifies cross-border transactions
It enables end-to-end visibility for both the user and their clients.
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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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Compliance and legacy systems stall B2B payment shift
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