Staff Reporter

Over half of banking executives struggle with data silos: report

This is due to technological barriers and cost constraints.

Australian banks' credit risk rises amidst high debt, economic uncertainty

National Australia Bank reported an 8.1% decline in cash earnings.

State Bank of India taps SG-based APIX for fintech innovation platform

The platform will provide access to over 250 financial service APIs.

Deutsche Bank injects €571m to support India growth plans

It boosts the bank’s regulatory capital by 33% YoY.

e-CNY expansion may curb banking income: S&P Global Ratings

It could reduce expenses for companies and facilitate international payments.

OCBC, Ant International team up on tokenised deposits

It aims for real-time, around-the-clock cross-border payments between Singapore and Malaysia.

Standard Chartered and Wise Platform team up to enhance SC Remit

Through this partnership, users can send funds in 21 currencies.

AlixPartner names Una Ge as new HK partner and managing director

She was previously a partner at Deloitte China, focusing on cross-border restructuring.

Wise gains direct access to PH’s InstaPay and PhilPaSS Plus

This enables over 63% of all Wise transactions to be completed instantly, with an average fee of 0.62%.

Mastercard launches OTP-free online transaction

This ensures that payment credentials are not shared with third parties. 

Maya Philippines rolls out new international payment service

The service allows foreign customers to pay in their home currency

Banque de France, MAS completed post-quantum cryptography trial

The technology aims to protect data from cybersecurity threats posed by quantum computing.

HSBC invests $100m in MSME finance platform Funding Societies

Two annual credit facilities were also extended to Funding Societies.