Staff Reporter
CIMB Bank PH's gross transaction value triples in nine months
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.
Digital payments in the Philippines reach 20.1% in 2020
The central bank said this is a substantial improvement from an estimate of 17%.
Singapore's virtual bank account ownership to soar 30% by 2026
The figure is equivalent to 1,510,495 adults in Singapore.
Nearly 2 in 5 HK adults will have virtual bank accounts by 2026
A total of 2,051,387 adults is projected to be virtual bank owners in five years.
UOB, ADDX digitise S$50m of Sembcorp’s sustainability-linked bond
They made use of blockchain and smart contact technology to achieve this.
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.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
