Staff Reporter
China’s new yuan loans to have almost doubled in Nov: report
China’s new yuan loans to have almost doubled in Nov: report
Banks are estimated to have issued $136.02b in new yuan loans.
South Korea to implement KOFR in derivatives market in 2025
Target share is 10% in 2025, and 50% in 2030.
Multiagent systems as key to AI-first banking: analysts
If implemented well, banks can see up to 60% productivity gains from credit analysts.
BEA saves 553,000 hours in processing time with UiPath
The bank has 77 attended automations as of December 2024.
HKMA adds new spatial dataset via Open API
It includes details on five types of self-service banking machines of 20 retail banks.
HSBC India launches premium credit card for private banking clients
Wealthy cardholders in India increased their credit card spending by 87% in 2023.
DBS names new Singapore country head, group head of IBG
Han Kwee Juan and Lin Him Chuan will take over their new roles on 1 Jan 2025.
New action plan to advance China's digital finance sector by 2027
It focuses on digitalising financial institutions and leveraging data and technology.
Wealth transfer a critical topic for APAC advisers: survey
Sensitivity to talking about death and inheritance is named as the top challenge.
BNY names Ashvin Parkash as head of global markets trading for APAC
Parkash joins from Nomura and brings 25 years of industry experience to the role.
Japanese banks see loans and deposits rise in November
Foreign banks saw their total yen-denominated loans jump 25.2% YoY.
Vietnam’s Cake Digital Bank achieves profitability
Revenue per user is US$12 in 2024, and payment transactions are $4.7b.
HSBC appoints Annie Lim as GPB desk head for Singapore
Lim joins from Lombard Odier and spent 11 years with Credit Suisse.
Reserve Bank of India raises offline payment limits
The cap for transactions increased to $11.81 from $5.90.
Australia’s ANZ appoints HSBC wealth head as next CEO
Nuno Matos will receive $2.5m fixed remuneration per annum and will relocate to Melbourne.
HKMA fines CITIC HK$4m over anti-money laundering breaches
The bank failed to generate alerts for suspicious transactions between November 2015 and July 2018.
Banks to face trade tensions, tariff-linked policy shifts, and property woes in 2025
The still-high interest rates might push banks’ credit losses to increase by 7% in 2025.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
