Staff Reporter
Australia mulls requiring banks to offer lower-cost debit payment systems: report
Australia mulls requiring banks to offer lower-cost debit payment systems: report
Federal treasurer Josh Frydenberg has written to regulators to allow businesses to choose cheaper domestic systems.
Bank of Singapore names new global head of Investment Advisory Solutions
Vivienne Chia will bring with her over 20 years of experience.
CIMB Philippines launch revolving credit product REVI Credit
It can grant as high as a $5,000 credit line to customers.
MUFG appoints Stephane Alex as head of Flow FX Sales EMEA and Asia
Alex will be based in Singapore.
Digital Wallet Group acquires REPL
The firm plans to expand mobile remittance technology in the country.
Expect failures amongst Hong Kong’s virtual-only banks: S&P
Digital lenders are currently at a loss-making and some may fold over the next few years.
Bank of China’s diverse portfolio to weather default storm over next two years
BOC’s non-performing asset ratio is expected to steadily decline in the next 24 months.
Improving operational efficiency and decision making through increased use of AI and machine learning
SmartStream’s Robin Hasson and Andy Burner, together with Standard Chartered’s Vikram Gupta discussed their thoughts on the increased demand and dependability on artificial intelligence and machine learning, as well as the opportunities and threats that come with its adoption.
OCBC Bank and SAS wage war on fraud with award-winning digital surveillance system
The proactive fraud detection system helped OCBC recover $8m worth of fraudulent transactions.
U Microfinance Bank wins top award for rural banking initiatives at the Asian Banking & Finance Awards 2021
The Pakistani bank is set to continue promoting financial inclusion in rural areas.
China makes biggest cash injection in banking system since February: report
The PBOC has injected a net CN¥120b into the system for this week.
HSBC Amanah bags Credit Card Initiative of the Year - Malaysia at ABF Retail Banking Awards 2021
Its ESG Charity credit card feature highlights the bank’s commitment to sustainability.
Kenanga Investment Bank net profit surges 4-fold to RM64.7m in H1
This reflects an almost four-fold increase from the same period last year.
Indian banks strong buffers to limit risk of COVID-19 resurgence: analyst
Several factors will help Indian banks mitigate their risks.
TransBank, Credit Bank marks first day of merger
The merger was approved by the Bank of Mongolia last July.
How financial firms can take climate action beyond CSR campaigns
SAP tells Asian Banking and Finance how to manage climate risks in the financial industry.
More mergers of small Australian banks imminent: analysts
Two mergers were announced in August alone, and as regulatory costs remain high, more might seek to consolidate.