Staff Reporter
UOB to pilot 'Sign with Singpass' for e-signature authentication
UOB to pilot 'Sign with Singpass' for e-signature authentication
The bank will test the feature with retail and corporate clients for 12 months.
China orders banks, insurers to draft 'living wills': report
This is to ensure that troubled financial institutions won't end up needing costly bailouts.
HSBC Singapore appoints new board directors
CEO Wong joins as executive director, and a retired EY partner also joins the board.
Balancing regulatory drivers and customer experience in financial institutions
The event will bring together experts from LexisNexis Risk Solutions and the city’s leading financial players.
India’s largest bank invests in payment services provider Cashfree
Cashfree processes $20b worth of transactions annually.
UNObank clinches Philippines’ third digital bank license
Parent DigibankASIA will work alongside partners Mambu, Backbase, and AWS in developing its services.
Weekly Global News Wrap: Bank watchdog to consult crypto rules; Stablecoins must be regulated like payments, says BoE
And UBS' new digital wealth management platform pulls $3.7b in first year.
Philippine authorities file criminal raps against Wirecard's ex-COO, others
The respondents are accused violating banking, cybercrime and e-commerce laws.
Maybank introduces two new designs for Family & Friends Card
New customers may choose between the original black, as well as the new lilac and silver designs.
HSBC plans to split leadership of Asia with two co-heads: report
Wong protege David Liao and India’s Surendra Rosha are rumored to become co-heads.
South Korean banks’ bad loan ratio hits record low in Q
Ratio of bad loans to total lending came at only 0.62% as of end-March.
Singapore’s fintech top-dog envisions city as Asian hub for capital raising: report
The country hit a record for fintech investments last year, and more is expected, says MAS’ Mohanty.
Standard Chartered Singapore launches digital relationship manager app
It allows clients and managers to connect and authorise transactions.
China’s Huarong likely to receive extraordinary government support: S&P
This also bodes well for its overseas bond issuer Huarong International.
Taiwan’s banking sector stable despite recent COVID infection spike: Fitch
All local banks’ outlooks remain stable thanks to Taiwan’s economic resilience.
India, Philippines banks in trouble amidst renewed infection surge
Emerging banks in Asia continue to be in a tough operating environment, says Fitch.
Significant gaps remain in financial accessibility, awareness: study
Over half of both unbanked and banked individuals feel that they are underserved, Mambu’s study found.
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1. Franklin Templeton gets approval to launch first retail tokenised fund in Singapore 2. Vietnam’s finance sector faces digitalisation challenges despite eased regulation 3. UOB maintains profitability despite possible slower loan growth 4. Japan’s SMBC is buying a 20% stake in India’s Yes Bank 5. GXS Bank names Pei-Si Lai as group CEOResource Center
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