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ShopBack secures MPI licence in Singapore for payment product
ShopBack secures MPI licence in Singapore for payment product
ShopBack Pay is now authorized to provide payment services in the country.
SMFG to establish agentic AI firm in Singapore
Ahmed Jamil Mazhari has been named CEO and SMFG’s AI transformation advisor.
HSBC names global head of investments and managed solutions for wealth, premier
Sami Abouzahr also leads the bank’s ultra high net worth solutions group.
Revolut partners with Ant Int’l to enable transfers to China via Alipay
It has a tiered fee system.
OCBC Bank earns wins at Asian Banking & Finance Corporate & Investment Banking Awards
The financial institution emerged as the recipient of the Green Deal of the Year - China and Green Deal of the Year - Singapore awards.
OCBC Bank wins at Asian Banking & Finance Wholesale Banking Awards
The financial institution earned recognition for empowering businesses across Asia.
Weekly Global News Wrap: Santander to buy TSB; BPER increases BPSO
And India plans to withdraw $11.7b of excess liquidity worth from the banking system.
HSBC names Kate Subak as new CEO of HSBC Insurance (Bermuda)
She was previously COO of Sun Life International in Bermuda.
Banks in China, Australia see market caps rise in Q2 on falling interest rates
In contrast, Japanese megabanks and DBS saw their market caps fall.
SMBC commences simplified foreign currency remittances in China
It is currently available in five of its branches in China.
Nearly 2 in 3 Hong Kongers hold a digital bank account
Respondents said digital banks outperform incumbents in account opening promotions.
Union Bank of the Philippines appoints five senior officers
One is senior vice president, two are VPs, and two are assistant VPs.
Thailand’s SCB surpasses sustainable finance target
It has disbursed THb180b, already past the THB150b target.
UOB acknowledges penalty for anti-money laundering breaches
Two of its employees were reprimanded, it said in an SGX statement.
Six banks penalized in Singapore for AML breaches
Credit Suisse’s fine also accounts for separate breaches related to US customer accounts.
Tokenisation of bank assets could boost liquidity and risk management in FX
But the industry must address the potential fragmentation of the liquidity pool.
Malaysia’s banks log 5.3% loan growth in May with construction boost
This was offset by a slight decelration in working capital loans, said UOB Kay Hian.
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1. Mizuho to acquire majority of Upsider’s shares for $309.8m 2. Singapore launches electronic deferred payments to ease cheque phase-out 3. SMBC appoints Joy Kwek to lead capital markets & solutions in APAC 4. NAB invests $55m to upgrade over 100 branches across Australia 5. Airwallex gains capital markets services license in SingaporeResource Center
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The digital bank was recognised as the Digital Bank of the Year - Hong Kong at the Asian Banking & Finance Retail Banking Awards 2025.
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