Staff Reporter
UOB invests $200m in digital innovation, aims to double wealth fee income by 2025
UOB invests $200m in digital innovation, aims to double wealth fee income by 2025
The bank has launched SimpleInvest, where clients can begin investing for as low as $100.
Pandemic pushes banks to adapt hybrid set-up for transaction banking services
BPI's John-C Syquia and FinServ Solution's Andre Lee discuss the latest trends in transaction banking.
Central American development bank to open Seoul office: report
The bank has the goal of opening the office within 2021.
South Korea mulls cashbacks for credit card spending to boost consumption
The government reportedly plans to set the ceiling of cash back rewards per person.
Local bond market’s problems heighten Chinese banks' credit risks
The bond market’s repayment woes may force banks to make concessions for the sake of financial stability.
Chart of the Week: Japan’s credit card payments to grow 9.2% in 2021
Easing of restrictions, government support, and the Olympics will support growth.
HSBC unveils new online trading platform for private bank clients in Asia
Clients can buy and sell securities in 10 markets worth up to US$10m daily.
People’s Bank of China to issue RMB5b Bills
It will be issued through HKMA’s Central Moneymarkets Unit.
Baiduri Bank’s margins likely tepid in 2021, but with profits satisfactory: S&P
The bank is expected to see moderate credit growth and satisfactory profits.
Creating a more ESG-compliant business: Here’s what you should know
Effective ESG implementation in a company’s framework is more than just conceiving a vision and aligning it with their goals.
Philippines’ Security Bank celebrates 70th year anniversary
The bank has launched the “Better Banking” brand campaign to complement this.
Standard Chartered unveils supply chain tool for monitoring sustainability, resilience
Companies will be able to do a health check of their operations.
Seven in 10 Singaporeans unsatisfied with generic bank credit offers: study
Almost four-fifths (76%) of Singaporean consumers are not satisfied with generic credit offers from their banks, with 24% willing to offer more information in exchange for better rates or lower fees, a FICO study revealed.
Growing exodus of junior bankers poses talent shortage for banks in Asia: report
Even raises of up to 30% has failed to stop junior investment bankers from leaving.
UOB renames YOLO credit card to UOB EVOL card
Targeting Gen Z customers, the card offers 8% cashback on online purchases.
Citi APAC appoints former EY partner to head Spring by Citi
Lloyd will be responsible for leading the bank’s newest TTS digital payment solution.
AFIN, R3 partner for CBDC testing
AFIN will launch a new digital currency sandbox in APIX.