Staff Reporter
ZA Bank’s Devon Sin joins TransUnion as chief product officer
ZA Bank’s Devon Sin joins TransUnion as chief product officer
Sin was most recently the bank’s alternative chief executive.
Banks explore stablecoins as digital currency gains traction
The future of banking deposits is changing due to the growth of stablecoins.
How stablecoins may challenge the traditional payments’ status quo
Stabelcoin transaction volume has exceeded $27t per year, according to official data.
Banks target 2030 cost cuts through transformation efforts
About 1 in 3 see embedding AI as a way to transform their organizations.
TransferMate clinches MAS approval to add payment services
This expands its existing suite of products in Singapore to include storing funds.
DBS and UOB earnings to show impact of SORA, credit costs
DBS should have good earnings, whilst the effect of SORA is a point of interest.
Taiwanese investors adopt conservative strategies in 2025: survey
Saving and wealth accumulation remains the top goal amongst the 9,000 respondents.
Commonwealth Private unveil self-directed investment option for wholesale investors
Private Wealth Advantage is a self-directed investment option for wholesale investors.
Islamic finance market to be valued at $7.7t in 2033
The global market was $2.5t in 2023, according to Allied Market Research.
Auto finance market to be valued at $5.6t by 2031
The passenger vehicles segment held the largest share of revenue in 2021.
MUFG’s profits down 1.8% to $3.71b in Q1 FY2025
Ordinary income declined 7.7% from a year earlier.
Citi expands JANA and Asia South teams with new senior hires
In-house banker Adrian Khoo has been named co-head of DCM for JANA and Asia South.
Bahrain Development Bank bags two wins at Asian Banking & Finance Retail Banking Awards 2025
The financial institution emerged as the recipient of the SME Bank of the Year - Bahrain and SME Digital Innovation of the Year - Bahrain categories.
Malaysian banks’ has healthy liquidity buffers, lower impaired loans in June
Aggregate liquidity coverage ratio is 160.6%.
Banking Circle S.A. acquires Australian Settlements Limited
Banking Circle offers instant payment technology to payment companies and banks.
RCBC, Visa launch real time payments and money transfer platform in the Philippines
Visa Direct reaches 8.5 billion endpoints in over 190 countries and territories.
BDO Unibank’s earnings trimmed on higher opex and provisions
The bank’s opex rose 14% in Q2, whilst impairment loss provisions climbed 38%.
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