Staff Reporter
ZA Bank debuts business banking referral programme
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.
Banks’ CX, customer loyalty to decline in 2025: Forrester
They may end up pushing away customers when they adopt digital strategies the wrong way.
Lower provisions drive up Kiatnakin Phatra Bank’s net profits in Q3
Provisions were 59% year-on-year lower.
TMBThanachart Bank sees 11% net profit growth in Q3
Net interest margin (NIM) may rise 4 basis points after a central bank rate cut.
BofA sees 51% rise in API use for real-time treasury needs
Business clients are using APIs to simplify onboarding and accelerate transactions.
Over 97% of Hong Kongers trust digital banks’ security measures
Digital bank account holders are willing to open more accounts with other digital banks.
SCB X sees 0.9% dip in 9M 2024 net profit on lower loans, fee income in Q3
Its third quarter net profit is 13.2% higher than in Q3 2023, however.
Malaysia invests $906.67m to enhance MSME lending, Islamic finance
It also mulls establishing the Consumer Credit Commission.
Hong Kong unveils sustainable finance action agenda
Banks are required to achieve net zero in their operations by 2030.
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1. Mizuho to acquire majority of Upsider’s shares for $309.8m 2. SMBC appoints Joy Kwek to lead capital markets & solutions in APAC 3. NAB invests $55m to upgrade over 100 branches across Australia 4. Airwallex gains capital markets services license in Singapore 5. Standard Chartered HK automates onboarding processes of SMEsResource Center
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