Frances Gagua
Philippine bank lending up 7% in November 2023
Philippine bank lending up 7% in November 2023
Loans to production activities rose thanks to a growth in real estate and energy activities.
SEA fintech investments drop 65% to $2b in 2023
Singapore made up over half of the investments, with its fintechs clinching $1.1b in total.
Standard Chartered names ex-Citi banker as head of global securities
Stella Choe was most recently head of global network banking for APAC in Citi.
BSP onboards first non-bank e-money issuer in real-time settlement system
OmniPay no longer needs an existing RTGS participant to sponsor their settlement.
HSBC HK unveils debit, supplementary card waiving foreign currency fees
The cards also offer a 0.5% instant cash rebate on all spendings.
Indonesian fintech investments halved in 2023: study
Seed-stage and early-stage funding plummeted during the year.
SG startup Qashier launches QR payment terminal
It accepts the majority of e-wallet QR payments and is expected to benefit hawkers and minimarts.
AlipayHK warns of phishing messages
There are individuals sending out messages claiming to be from AlipayHK.
Taiwan domestic banks extended more loans in November
The bad loans ratio fell by 0.01 percentage point, according to the FSC.
Here’s five big shifts that will shape corporate, investment banking in 2024
Shifting lending dynamics and regulations is changing the way they do business.
HSBC launches Premier Elite for high-value customers
The bank collaborated with actor and director Stephen Fung for its launch campaign.
Hang Seng Bank warns against fake mobile investment app
The app falsely uses the Hang Seng Bank logo.
Malaysian banks see corporate, household loan growth in November
Outstanding loans extended to SMEs expanded by 7.9% during the month.
Philippine central bank amends policy on bounced checks
It has also reintroduced the Intraday Settlement Facility for banks.
Cross-border payments, embedded finance to be boosted in 2024: analyst
Embedded financial services will become increasingly popular during the year.
ZA Bank rolls out tax loan, offers cash rewards
Even unsuccessful loan applicants can receive a reward.
Singapore warns of scammers impersonating central bank officers
About 41 individuals have fallen victim to scammers, with $2.6m in losses.
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1. CIMB Philippines says fund transfer issue ‘resolved’ 2. UOB inks MOU with Accenture for AI adoption and application 3. Cambodia and Japan enable QR code payments between the two countries 4. Standard Chartered appoints Noelle Eder as group head of tech & operations 5. HSBC group chairman Mark Tucker announces retirementResource Center
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