Staff Reporter
China’s card payments market to hit $34t by 2025
China’s card payments market to hit $34t by 2025
The market is expected to register a strong growth of 17% in 2022.
Industrial Bank of Korea fined $3.93m for selling fraudulent funds
IBK sold fraudulent funds of Discovery Asset Management, according to FSC.
Scammed? OCBC Bank clients can activate 'kill switch' to freeze accounts
This includes access to current/savings accounts, ATMs, debit/credit cards, and digital banking.
Chart of the Week: Singapore card payments value to grow 8% in 2022
Contactless cards are a key driver of growth.
UOB net profits jump 40% to S$4.075b in 2021
Wealth management and loan fees hit record highs.
Maybank Asset Management Malaysia launch Shariah-compliant retirement solution
The funds aim to achieve a 6% to 8% return per annum.
Philippine banks’ credit costs to further decline in 2022
Profits are expected to strengthen throughout the year as the economy recovers.
Bank of the Philippine Islands’ asset quality is on the path for improvement: S&P
The bank’s non-performing loans ratio is expected to further decline in 2022.
Low-code/no-code technology elevates financial processes
Labour-intensive tasks become a thing of the past as citizen developers create custom solutions with Intelligent Automation.
UnionBank joins sandbox for digital currency use
The sandbox will evaluate CBDC use cases.
DBS posts record S$6.8b net profits in 2021
Loan growth was at its highest in seven years.
DBS commits add'l $100m to its foundation
The funds will mainly go to improving the livelihood affected by the pandemic.
Singaporeans want more biometric payment cards —survey
Latest industry survey reveals 88% of Singaporeans prefer biometric cards.
Barclays appoints new regional corporate banking chief
The new head will handle both Asia and Middle East divisions.
Mizuho Bank to invest $61m in Philippine digital bank operator Tonik Financial
The bank hopes to cash in on the Philippines growing digital finance sector.
Natixis CIB appoints new SEA head of real assets & investment banking
He will also hold the role of head of infrastructure funds coverage in Asia Pacific.
Dah Sing Bank shuts down 10 branches amidst rising COVID-19 cases
Customers are urged to visit other open branches or use alternative channels.
Thought Leadership Centre
Most Read
1. Data, AI, and trust: The next era of financial crime prevention 2. Union Bank of Taiwan and Bank SinoPac enable JCB contactless payments 3. Vietnam banks leverage data, AI, and digital trust to capture customers 4. SMBC sells MANUBANK’s commercial banking unit to US’ Bank of Hope 5. Governance and trust to drive Vietnam’s financial sector growthResource Center
Read Here
Advertise
Sign Up
Events
Event News
Timo and HD Bank focus on engagement, analytics, and AI to differentiate in a crowded market.
Commentary
Why most banks are struggling with AI, and what the smart ones are doing differently
Data, AI, and trust: The next era of financial crime prevention
From behavioural change to scalable inclusion: Cross-border payments in APAC
Device governance is not an IT problem. For SEA's financial sector, it is a boardroom one
Corporate acupuncture: How precision M&A is reshaping Asia’s competitive edge