Frances Gagua

Korea allows formation of new nationwide bank for first time in 30 years

FSC plans to issue new banking licenses to bolster competition.

Chart of the Week: 8 in 10 Chinese consumers use mobile wallets

High cost of POS terminals and insufficient payment infrastructure push e-wallet use.

1 in 3 Singaporeans switched banks, insurers in 2022: study

Only 21% of respondents, however, fully trust AI chatbots in financial services.

How Mocasa is supercharging the Philippines' credit payments market

The credit payment service company is also developing a data-driven central credit bureau.

Endowus Private Wealth expands alternative offerings

The new offering covers a broad range of asset classes.

StanChart, Atome lender-of-record partnership book 100,000 transactions

Atome customers who successfully activate their new StanChart credit card will receive S$250 in Atome+ points.

Natixis CIB names APAC head of financial sponsors group

Anurag Poddar was most recently a managing director for Natixis CIB in New York.

HSBC launches global private banking business in India

It will service clients with investable assets of over $2m.

Paywatch inks MOU with Visa to offer EWA solution across Asia

Paywatch will make use of Visa’s cross-border capabilities and network.

StanChart Singapore launches mass-affluent miles card

Rewards points accumulated with the card do not expire.

Family offices spur growth of financial wealth in Singapore

There are now 800 family offices in the city, compared to only 100 five years ago.

DPM Wong is the new chairman of MAS’ board of directors

Wong will survive beginning 8 July up to 31 May 2026.

Chart of the Week: Hong Kong’s card payments market to grow 4.8% in 2023

Growth of e-commerce will spur card payments’ growth even further.

Standard Chartered names ex-Credit Suisse banker as new sustainability strategy head

Barsky was previously global head of sustainable finance at Credit Suisse.

HKMA, local bank association launch charter to prevent credit card scams

The industry is directed not to send SMS with embedded hyperlinks.