Frances Gagua
Kasikornbank increases stake in Indonesia’s Bank Maspion to 84.55%
Kasikornbank increases stake in Indonesia’s Bank Maspion to 84.55%
The Thai bank is injecting an additional US$226m in Bank Maspion.
Weekly Global News Wrap: State-owned Russian bank files lawsuit against JP Morgan; Morgan Stanely names new wealth management head
And minority- and women- owned investment banks are making small waves in Wall Street.
CIMB Singapore announces 2.88% interest rate for CIMB BusinessGo
There are no minimum fall-below fees until 31 January 2024.
Citi names new senior leaders for Asian banking clusters
Leadership changes abound for its investment banking and corporate banking businesses.
Thai banks’ profits improve in Q3, but bad loans also rose
Authorities to monitor debt serviceability of SMEs and households.
Digital loan platform Lendela secures $5m in funding round
Chocolate Ventures and Cocoon Capital led the round.
GBA’s financial services industry more ‘bullish’ for future prospects: PwC
Tech advancements are paving the way to new opportunities for cross-industry servicing.
UOB, Visa, SG fintech Doxa to facilitate quicker payments for contractors
JTC and Kimly have joined the trials in the Doxa Connex platform to simulate payments.
Mastercard can commence domestic bankcard clearing activity in China
This follows after authorities first approved Mastercard NUCC’s application in 2020.
Bank of China HK disables screen capture, recording on Android apps
This was due to a rise of malware scams.
Maybank opens Islamic wealth management hub in Singapore
It will offer end-to-end Islamic wealth solutions.
Mastercard, NEC to offer in-store biometric payments in APAC
This follows Mastercard’s Biometric Checkout Program, launched in Brazil in 2022.
Singapore, Indonesia launch cross-border QR payment linkage
Customers can now pay with the QRIS and NETS QR offered in the two countries.
Citi completes sale of Indonesia consumer business to UOB
This marks Citi’s ninth and final full consumer divestiture in Asia.
Singapore to pilot use of wholesale CBCDs in 2024: Menon
MAS is also rolling out GPRNT.AI, an ESG data platform for financial institutions.
Hong Kong lending market rebounds, but bad loans also rise: study
Customers seem to be choosing banks over money lenders.
Maybank eases cross-border fund transfers between SG, Malaysia
The bank added over 50 DuitNow participating institutions where customers can send money over.
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The Asian connection: China's path to sustainable growth