Frances Gagua
Hang Seng expands remote account opening service to HK companies with mainland shareholders
Hang Seng expands remote account opening service to HK companies with mainland shareholders
The e-Sign service can also now be used to provide signatures for loan documents.
Bank of Korea launches financial and economic snapshot platform
It is optimised for mobile devices to make data viewing easier for the public.
Malaysia’s Curlec by Razorpay launches payment gateway
Curlec targets RM10b in annualised gross transaction value by 2025.
Bank of East Asia extends Sheung Shui Branch hours to seven days a week
Its Tsim Sha Tsui and Shatin Plaza branches have reverted to regular business hours.
BOCHK warns of fraudulent website
BOCHK said that it has no connection to pulsboc(dot)com.
ZA Bank welcomes deposit protection hike
Raising the limit will increases awareness and trust in virtual banks, ZA Bank said.
Japan’s SMBC Group launches UK commercial banking subsidiary
It’s head office is located at 100 Liverpool Street, London.
Hong Kong mulls raising deposit protection limit to HK$800,000
The number of depositors fully protected will rise to 92%.
HSBC builds up China green finance team: report
It also mulls offering carbon offset products to customers, a source said.
South Korea to let overseas firms enter its FX market: report
Authorities target its implementation by Q4.
South Korea’s household loans rise 3.5% in June
Demand for bogeumjari loans and jeonse loans drive mortgage loan demand.
TG Limcaoco on how 170-year-old BPI is reinventing itself in the digital era
For BPI, reinvention and innovation are the key ingredients to how it remains one of the Philippines’ biggest banks since its establishment over 170 years ago.
OCBC, Ascenda to offer more transfer options for rewards currencies
It is now available to OCBC customers holding Travel$, Voyage Miles and OCBC$ rewards balances.
Major Korean banks asked to prepare $4b to buoy distressed credit cooperative: report
The credit cooperative saw customers withdraw funds last week after reports of a rise in bad loans.
Citi Commercial Bank unveils CitiDirect Commercial Banking platform
It will be available to customers in Hong Kong, Singapore, and India in H2 2023.
DBS sells 77.8% stake in AXS to Tower Capital Asia
AXS became a subsidiary of the bank in 2006.
Sri Lanka’s NBFIs safe from risks after proposed gov’t debt restructuring plan
The plan does not directly impact the government debt holdings that NBFIs have stocked up on.
Commentary
The Asian connection: China's path to sustainable growth