Staff Reporter

Hang Seng Bank sets benchmark in digital currency innovation with top honours at ABF Fintech Awards 2024

The Bank receives Digital Currency Award for its role as a leading advocate of central bank digital currency, through a hypothetical e-HKD-based e-Wallet prototype and demonstration of associated use cases.

Siam Commercial Bank inks MOU for green-linked forward contracts 

Costs are tied to the company’s performance in ESG criteria.

Hong Kong banks face mixed outlook with expected rate cuts in 2024

Credit risk management will be a key concern for banks amidst fluctuating interest rates.

Siam Commercial Bank kickstarts 4-year journey to revamp core banking system

It has inked a MOU with Sunline to become a full-fledged digital bank entity.

MUFG Bank, Krungsri ink MOU with Thailand’s East Economic Corridor Office

MUFG Bank and Krungsri will support customers who consider investing in the EEC.

CTBC Bank bags two wins at ABF Fintech Awards 2024

It redefines banking with strategic collaborations and tailored financial services.

Outstanding banking and finance industry champions crowned at Asian Banking & Finance Awards 2024

The 2024 Wholesale Banking Awards, Retail Banking Awards, Corporate and Investment Banking Awards, and the inaugural FinTech Awards recognised the industry's top performers for their innovation, dedication, and exceptional client service.

Clean energy gap presents investment opportunities for banks

Krungsri and CIMB Thai explore use of emerging tech to monitor risks better.

APAC banks face 2.5 million shortage of skilled cyberstaff

Banks may not have the right people in-house to mitigate them.

China faces decade-long clean-up of embattled rural banks

Expect more mergers and consolidations, and even some closures, S&P says.

Endowus Private Wealth offers HK investors access to 400 fund strategies

Over 400 fund strategies are made available to Endowus clients. 

Singapore proposes strengthened anti-money laundering bill

This includes empowering law enforcement agencies in prosecuting ML offences.

CIMB sets out 2030 climate targets for O&G and property portfolios

The bank will stop financing new upstream oil fields beginning January 2025.