Staff Reporter
The Future of Payments: Ensuring Stability, Embracing Innovation
The Future of Payments: Ensuring Stability, Embracing Innovation
As technology continues to evolve, financial institutions must persist with refining seamless and secure payment experiences for consumers.
Singapore’s cash use in POS to fall at just 7% by 2027: study
E-wallets will become Singaporeans’ payment method of choice.
SCBX reports 15.6% net profit decline in Q2
Economic growth fell short of expectations, SCBX’s CEO said.
UOB names Susan Hwee as head of group retail
Eddie Khoo to retire; Lawrence Goh is new head of GTO.
UOB to see 200 tonne-reduction in CO2e emissions with DHL pact
UOB’s international parcel deliveries will now use sustainable aviation fuel.
CashOn launches digital currency lending matching platform in Hong Kong
CashOn connects customers to licensed financial institutions.
Deloitte leader: Starting small, scaling up key to staying ahead in business
This comes as market activities compel banking and finance companies to align technological advancements in the industry with their respective business goals.
DBS launches bond portfolio managed by BlackRock
Customers can invest for a minimum of $1,000 and a 0.6% annual management fee.
How CIMB used automation to raise staff productivity
CIMB automated 10 processes in 2023, equal to 17,000 man-hour savings.
HSBC, SBF to help Singapore businesses scale GBA, India, Middle East
HSBC launched a business guide and will offer net zero transition solutions.
PH central bank welcomes new anti-financial account scamming law
It authorises the BSP to investigate cases violating law, amongst others.
Techcombank’s pre-tax profits up 38.6% in H1
The bank added nearly 1 million new customers in Q2.
Philippine central bank rolls out Intraday Settlement Facility
The ISF is designed to support a paperless process.
Citi names Ed Huntsman as head of financing, markets for Asian markets
Huntsman will remain global head of financing for spread products.
MUFG, subsidiaries submits business improvement plans to authorities
MUFG also apologised to its customers and stakeholders.
RCBC unable to sustain improved capital amidst bad loans: Moody’s
Its NPL ratio is “one of the weakest” amongst its domestic peers, Moody’s said.
KPay merchants can now accept payments from HSBC’s PayMe app
Over 33,000 merchants in KPay’s Hong Kong network can now accept PayMe payments.
Commentary
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