Staff Reporter
Fintech venture investments in Asia to hit $548b in 2028
Fintech venture investments in Asia to hit $548b in 2028
In 2023, Asian fintechs have clinched $369b in investments.
Property and transport loans drag down Public Bank HK’s profits
Minibus and taxi licenses made up over 40% of PBHK’s loans.
APAC lenders turn picky amidst trade disputes
China, Australia, New Zealand, and South Korea may be most impacted.
Mizuho appoints Yuta Hayashi as new group executive officer
Hayashi is also now the managing executive officer of Mizuho Bank.
APAC banks face potential impact from falling property prices
China’s declining property sales and home prices signal weakened confidence.
Financial firms to raise gen AI spending as they seek growth benefits
Despite hype, gen AI spending is low in 2023, at around $400,000 at its highest.
Tokenisation of financial assets growing, but still in early stages
It enables a more transparent and standardised lending life cycle, says analysts.
Planned merger broadens TCL’s diversity, auto-market exposure
Underwriting criteria may be tightened to combat integration risks.
Fintech Paywatch secures $30m in series A funding round
Vanderbilt University and Third Prime led the investment round.
HSBC launches digital investment platform WorldTrader
It is powered by Interactive Brokers.
Navigating the Future of Payments in Southeast Asia: An Industry Conversation with Cognizant
Don’t miss this opportunity to engage with industry leaders, discuss, and navigate the ever-evolving payments landscape.
Taiwan’s CTBC Bank unveils new private banking platform
The bank will use the new platform to offer products and services to Hong Kong in Singapore.
Citi names HSBC banker as head of corporate banking in Hong Kong
Matthew Hung is head of corporate coverage for HSBC’s operations in the city.
Union Bank of India enjoys stablising earnings, improving asset quality
The bank’s recently announced fund raising will provide capital growth, says S&P.
Hong Kong sees 9.1% uptick in credit card spending in Q1
There were fewer transactions, but the value went up.
SEA fintechs clinch $851m of funding in H1
Digital lender ANEXT Bank was one of two major funding rounds during the period.
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1. SMBC names DBS MD as head of corporate banking for APAC 2. Singapore in talks with banks to enhance financing schemes for businesses 3. Fintechs, banks unite for win-win 4. Hang Seng Bank restructures business, will cut 1% of core staff: report 5. Citi Services launches PayTo initiator for institutional clientsResource Center
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