Staff Reporter

Meeting the challenges of SME Banking during the COVID-19 pandemic

Meeting the challenges of SME Banking during the COVID-19 pandemic

Understanding the needs of SMEs is key to a bank’s sustainability—and even success—during the current crisis.

SG bank loans expand by a record-breaking 3.5% in June

This is the fastest rate of expansion since October 2018.

Hong Leong Bank, Mastercard launch debit card in Cambodia

Until October, 1% of each transaction made using the card will be donated to Kantha Bopha Children's Hospital.

Citi opens new office at Busan International Finance Center

It’s meant to further support its securities services operations in Busan.

Binance Labs Announces Strategic Investment in NFKings, NFT Creatives and Production Company

Binance Labs, the venture capital arm and incubator of Binance, today announced its strategic investment in NFKings, a leading NFT creatives and production company with over 100 intellectual properties (IPs), to contribute to building a sustainable digital creativity space.

MAS, BIS publish proposal on global retail payments network connectivity

Called Project Nexus, the blueprint outlines how countries can integrate their retail payment systems onto a single cross-border network.

Singapore lifts dividend cap on local banks, financial companies

Local financial firms are expected to remain resilient even should the economy slip into a recession again.

Chart of the Week: Hong Kong’s wealth market to grow 7.8% in 2021

The number of HNWIs is expected to reach 3.9 million in 2021 or 60.6% of the population.

South Korea’s Kakao Bank to raise over $2.2b in IPO

Shares were priced at the top end, at KRW39,000 ($34).

Higher adoption of QR payments ramps up Singapore’s cashless transition

In January, 1.2 million transactions were carried out via the SGQR.

India mulls phased roll out of central bank digital currencies: report

Its launch will require legal changes to the nation’s foreign exchange and IT rules.

Virtual banking trumps branch banking in Southeast Asia: study

But less than half of consumers are impressed with the digital financial services currently offered.

Citi rolls out real time liquidity sharing solution in APAC

Treasury teams can mobilize liquidity and fund intraday payments in real-time.

OCBC enables Singaporeans to directly view, pay tax in digital bank platform

Customers have the option to pay their tax balances in full or partially.

John Dovaston joins panel of judges in this year’s Asian Banking & Finance Awards

For PwC’s Asia Pacific Financial Services leader, the lines between business, digital, and technology are blurring.