Frances Gagua
DBS apologises for digital bank disruptions, to dock senior management pay
DBS apologises for digital bank disruptions, to dock senior management pay
The bank is allotting a special budget of S$80m to enhance its system resiliency.
HDFC Bank names new chief of internal vigilance
Sachin Suryakant Rane was a senior police inspector before joining the bank.
DBS prohibited from buying new businesses or closing branches for 6 months
MAS will review progress after six months and may choose to extend the measures.
Bank of China Hong Kong expanding e-HKD prepaid pilot to 50 products
It is now inviting customers to participate in the pilot.
1 in 2 Hongkongers hold ‘favorable’ views of virtual-only banks: study
45% have neobank accounts, and another 30% looks to sign-up over the next 3 months.
Greenwashing in banking: real concern or overblown issue?
Reputational risks abound for those who drag their feet about sustainability or engage in greenwashing.
South Korean financial firms to tighten lending standards in Q4: survey
The 18 banks polled indicated that they will be pickier on approving loans.
BOCHK warns customers of two fraudulent websites
Customers who used these sites are strongly urged to contact BOCHK immediately.
Landbank records highest-ever nine-month net income at $558m
Net income jumped 24% during the period compared to a year ago.
SCB X profits weighed by high credit costs, weakening asset quality
The bank will benefit from the interest rate hike, but peak by Q4 and gradually decline after.
Bank of East Asia’s Mongkok Branch to operate on weekends
It will be open from 1PM to 5PM on Saturdays and Sundays until 31 December.
KBANK net profit up 7% in Q3, but low dividends raise concerns: analysts
A substantial growth in net income helped drive up profits for the quarter.
Japan’s Nomura mulls dropping China securities joint venture: report
The JV $30.75m in 2022, and $11m in 2021.
Payments fintech YouTrip raises US$50m in Series B round
The firm is gearing up to expand in Indonesia, Malaysia, the Philippines, and Vietnam.
UOB’s net profit up 5% to S$1.5b in Q3
Net fee income growth helped drive profits.
Singapore proposes shared responsibility framework for phishing scams
Both financial institutions and telcos are held accountable for mitigating scams.
75% of Singapore SMEs mull ditching banks for payment needs
1 in 2 of SMEs in Singapore complained of lengthy processing and settlement times.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
