Frances Gagua
OCBC taps Alipay+ to enable customers to pay in China, Korea, Malaysia with digital app
OCBC taps Alipay+ to enable customers to pay in China, Korea, Malaysia with digital app
Payments will be made directly from customers’ OCBC SG bank accounts.
Weekly Global News Wrap: Morgan Stanley rolling out gen AI support for FAs; Russia’s Sovcombank sues HSBC to recover debt
And private equity firms allege fraud as they seek $750m from Morgan Stanely.
Citi TTS pilots token services for cash management, trade finance
Citi will integrate tokenised deposits and smart contracts in its global network.
StanChart HK inks MOU to promote business, dev’t between HK and Dubai
This include promoting the growth of family offices, fintechs, and virtual asset industries.
Standard Chartered launches sustainable trade loan
The loan will be available for select eligible activities, such as installation of wind turbines.
UOB Malaysia unveils supply chain management services in UOB Infinity platform
UOB clients will be able to digitally connect to buyers, suppliers, and distributors across Asia.
Citibank China clinches Futures Margin Depository Bank approval
It is the first American bank to clinch the approval.
OCBC’s Wisma Atria branch launch new partners, celebrates anniversary
The branch receives 7 times more credit card applications compare to banking-only branches.
MUFG closes $404m green loans to build two data centres in Jakarta
This is MUFG’s second project financed greenfield data centre transaction in APAC in 2023.
South Korean banks’ deposits up by $21b in August
Transferable deposits and time deposits both grew.
Korean banks’ lending to corporates, SMEs rise in August
Loans extended to large corporations and SMEs both rose during the month.
Mortgages drive demand for South Korean household loans in August
Demand for other loan types fell, however.
HSBC names Lok Yim as regional head of APAC global private banking
Yim joins from Deutsche Bank, where he was CEO of its Hong Kong business.
YouBiz unveils multi-currency corporate cards in Singapore
The card can be issued in 9 currencies without FX fees or monthly subscription fee.
Australia’s Zip teams up with Primer to accelerate US expansion
Primer is expected to help drive distribution of Zip’s BNPL services in the market.
Singapore’s banking customer experience stagnates in 2023: Forrester
Citibank and DBS improved their CX scores, whilst three other banks got lower scores.
‘Optimism’ drives credit activity growth in Hong Kong
Hong Kongers are more optimistic about their household finances for the next 12 months.
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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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