Staff Reporter
Hong Kong tells financial firms to adopt “risk-based” approach to AI adoption
Hong Kong tells financial firms to adopt “risk-based” approach to AI adoption
The government will adopt a dual-track approach that considers risk.
Bank of Singapore unveils alternative investment digital platform for independete asset managers
Close to 30 funds will be made available in FIM Alternatives Select.
ZA Bank commences pilot for virtual asset trading service
Three in four Hong Kong investors are interested in investing in cryptocurrency.
Thai banks to fall short of loan growth targets in 2024: analyst
Banks have a cautious stance as their lending policy for Q4.
Philippine banks to tighten lending standards in Q4: survey
Banks cite a deterioration in borrowers’ profiles and their profitability.
Malaysia fines money changer for customer due diligence lapses
BSB Darussalam has paid the $7,000 penalty.
Hong Kong names 11 banks as primary liquidity providers for offshore RMB
Hong Kong has also expanded the RMB repo facility to over US$2.8b.
Citi launches Citi Digital Bill to speed up monetization of receivables
CDB enables parties to sign, accept, endorse, and finance a digital bill.
ZA Bank debuts business banking referral programme
Users can invite companies to register and get a HK$288 cash reward.
Singapore, Italy kick off program showcasing 6 Italian fintechs
The startups get 1-to-1 pitching sessions with investors, amongst others.
MAS and IMDA to implement new framework against phishing scams
The new framework will take effect on 16 December.
HSBC unveils invitation-only credit card for ultra wealthy clients
It debuted in Hong Kong and will launch in Singapore and India next.
Siam Commercial Bank unveils cross-border payments using stablecoin
Stablecoins will be used for settlements of payments and remittances.
PH central bank, German banknote printer ink MOU for payments and currency mgmt
They will research digital payments and banknote substrate.
foodpanda and Fiserv launch e-commerce payments processor
It will first roll out in Singapore and Hong Kong.
Banks’ profitability to decline in 2025 as interest margins narrow
Commercial banks may cut personnel, and regulators may prioritize stability over staff retention in M&As.
Techcombank logs 25.58% higher net profit in Q3
Net interest income rose, but fee and commission income were lower.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
