Staff Reporter
Ant Int’l launches digital sustainability scorecard for MSMEs
Ant Int’l launches digital sustainability scorecard for MSMEs
The scorecard offers actionable insights for MSMEs to enhance ESG credibility.
UOB’s net profit climbs to $3.42b YTD amidst fee income growth
The quarter’s earnings surged 16.5% YoY.
OCBC’s Q3 2024 net profit rises 9% to $1.50b
Operating expenses rose 9% to $1.11b.
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.
DBS’ Q3 2024 net profit climbs 15% YoY
Total income rose 11% 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.
Commentary
The Asian connection: China's path to sustainable growth