Staff Reporter
How digital mortgages will overhaul traditional banking models
How digital mortgages will overhaul traditional banking models
Traditional banks will have to overhaul their branch-based models to appeal to modern homebuyers.
DBS secures China central bank funding for lending to green projects
PBOC will provide financial institutions with funds equal to 60% of a loan's principal.
Deutsche Bank names Serene Wee as managing director for SEA wealth business
Wee joins from Credit Suisse, where she spent 19 years working with UHNW clients.
Standard Chartered, Allinpay enable Singapore dollar QR payments in Hong Kong
Singapore dollar can now be used to pay in over 30,000 acceptance points in Hong Kong.
Bank of the Philippine Islands’ net income reaches record $722m in 2022
Revenue was bolstered by growth in its net interest income.
Fintechs pivotal to achieve $275t capital needed for successful sustainable transition: study
From 2026 until 2050, $9.2t a year in capital spending is needed to achieve net zero goals.
Indian banks’ Adani exposure minimal: Moody’s
Eexposure is less than 1% of banks’ total loans, the ratings agency estimates.
Hong Kong’s Mox Bank launch time deposit products with up to 10% interest
New customers who open an account in February will avail an additional 9.7% time deposit rate.
Chart of the Week: New Zealand’s BNPL market value to reach $1.2b in 2023
By 2026, the transaction value is expected to grow to $1.9b.
OCBC CEO Helen Wong appointed as executive director
She will now assume responsibility for both roles.
Visa names new chairman and regional president for APAC
Visa Japan’s country head Stephen Karpin is the new regional president, whilst Chris Clark ascends as chairman.
Malaysian banks troubled by weak loan growth in 2023
Loan applications contracted 16.1%, according to UOB Kay Hian.
Asia's wealth managers faced with potential $25m revenue boost
Rising income will push the affluent and mass affluent segments’ wealth pool to $4.7t.
Singapore named one of top countries with most fintech unicorns
The Lion City ranked ninth and named amongst the world’s fintech capitals.
Standard Chartered clinches approval to set up securities firm in China
It will receive an initial capital injection of over $155m.
ZA Bank names former chief executive of rival virtual bank as new CEO
Ronald Iu joined ZA Bank’s parent ZA International in February 2022.
Improving cybersecurity in financial services
Akamai Technologies and Asian Banking and Finance will discuss trends and threats in their upcoming webinar.
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