Frances Gagua
UOB joins LCH SwapClear and ForexClear as as direct clearing member
UOB joins LCH SwapClear and ForexClear as as direct clearing member
UOB is the first SEA bank to join ForexClear as a direct member.
Bank of China Hong Kong kicks off pilot for e-HKD use for prepaid services
BOCHK hopes to create a new business model for retail SMEs.
How tech disruption, branding innovation are shaping the future of finance: analysts
The afternoon sessions of ABF Summit 2023 saw analysts and bankers explore why tech and marketing are important to financial institutions.
Total loans in Hong Kong down 1.7% in August
Total deposits rose by 0.6% during the month, however.
Refinancing loans drive up mortgages by 26.9% in August
Mortgages for financing new homes or primary market transactions fell 19.8%.
Hong Kong warns of fraudulent phone calls posting as central bank staff
The fraudsters would request banking details in the guise of canceling a fake membership.
Alternative payments dominate India’s e-commerce payments
Mobile and digital wallets make up 58.1% of all e-commerce payments in 2023.
Bank of East Asia redesigns Mongkok branch
The bank has created a digital zone at the ground floor.
Hong Kong’s Mox unveils unlimited cashback rewards, new wealth platform
The virtual-only bank is also gearing up to launch a new app interface.
Ant Group unveils new Singapore office, launches foundation
Ant also pledged to increase investments for cutting-edge tech to enhance trust and efficiency of digital commerce.
Vietnam’s Techcombank opens two new HQs in Hanoi, Ho Chi Minh
The buildings are energy-efficient and wholly owned by the bank.
JCB unveils special Hokkaido shopping offers for foreign cardmembers
JCB cardmembers with plastics issued outside Japan will enjoy special shopping offers.
MAS teams up with BIS, Swiss and France central banks to test wholesale CBDCs
Project Mariana used DeFi technology concepts on a public blockchain.
HSBC SG unveils blockchain workflow solution for property developers
It enables developers to fully automate their payments and digitalise their workflows.
MUFG names ex-JPMorgan banker as managing director of GCIB China
He has served several senior roles in JPMorgan Chase Bank China.
Singapore probing banks’ involvement in $1.75b money laundering scandal: report
MAS says it's "too early to tell" if FIs involved adhered to ML requirements or not.
Funding Socities | Moldaku raises $27m in debt
AlteriQ Global, Augment Capital Partners, and Orange Bloom participated in the fund raising.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
