Staff Reporter

Commercial banks to take intermediary roles when CBDCs roll out: S&P

Central banks will prioritise financial stability in this undertaking.

How Islamic banks boosted their reputation during the pandemic

Bank Rakyat was the most favourably-covered bank in the past year.

Maybank Singapore unveils new home mortgage, renovation green loans

The bank expects to process over 500 sign-ups yearly.

Banking sector’s loan exposure to Evergrande ‘insignificant’: MAS

Direct exposures to China’s property sector are less than 1% of non-bank loans. 

Why Malaysian banks are spending more on financial wellness apps

They spent the most amongst other markets in the Asia Pacific region.

Citi appoints head of natural resources & clean energy transition in Asia

William Pang will work with other NRCET leaders globally.

Only six new digital banks in the Philippines for now: BSP head

All nine additional applicants failed to submit documents.

South Korea kicks off cash-back rewards program to boost card use

Card users can receive up to $85 in cashback rewards per month.

MAS, Singapore banks build digital platform against money laundering

This will allow sharing of customer and transaction data on money laundering cases.

Independent Reserve gets crypto licence from MAS

It is one of the first virtual asset service providers to obtain full licensure approval.

MAS grants DBS brokerage arm crypto licence 

The monetary authority also granted one to an Australian firm.

Hong Kong bankers’ exodus accelerates amidst strict quarantine rules: report

UBS recently shifted to two senior bankers and might move eight more to China.

Citibank Asia invests in transformation to keep winning through

Agility, innovation, flexibility, and fast results defined the bank’s new strategy. Citibank Asia’s director of Applications, Himanshu “HeMan” Shrivastava, acknowledged the challenges Citibank Asia faced to stay and win in the competition; and how investing in the right solutions made a huge difference.

Beating the banking disruptors with digital decoupling

TIBCO Software’s head of Financial Services UK & Ireland, Richard Price, gives much-needed insights on how traditional banks can keep up with the times.

4 in 5 banks prioritises people over products

81% of banks seek to differentiate their customer experience.

HSBC, Temasek partner to fund sustainable infrastructure projects in Asia

The two hope to dispense over US$1b of loans over the next five years.