Frances Gagua
Virtual bank Trust turns one; 2.1 million transactions logged
The bank is giving away 100,000 bags of rice and doubling its referral rewards.
UOB Thailand unveils indoor event hub UOB LIVE
It has a capacity of 6,000 seats and will also offer dining and shopping experiences.
Weekly Global News Wrap: US floats stricter regional bank rules; Some China banks to cut mortgage rates
And Wells Fargo has agreed to return $40m in overcharged fees to 11,000 customers.
Indonesia, Malaysia, Thailand ink MOU for cross border bilateral transactions
The new framework is expected to synergise with cross-border payment initiatives.
Japanese banks report lower average lending rates in July
City banks’ interest rates for short-term and long-term loans decreased.
Thai banks see improved profits, lower bad loans in Q2
It also laid out plans aiming to reduce household debt.
Standard Chartered sells aviation leasing finance business for $700m
AviLease will also fund the repayment of US$2.9b of net intra-group financing.
Revised rules bolster Korean banks’ competition, but no silver bullet to thriving: analysts
The proposed revisions will pave the way for mergers and bolster competitiveness.
Check out how APAC family offices moved their investments in Q2
There was “moderate” client interest in longer-dated US Treasuries and perpetual bonds.
PayPal is most popular digital payment option in Asia: study
In the BNPL space, Klarna, Atome, and Afterpay are the region’s most popular choices.
Bank of East Asia’s profits up 75.8% to HK$2.63b in H1
Higher interest rates pushed up profits, but non-interest income fell.
Security Bank launches human capital management platform
It will service its 7,000-strong workforce.
1 in 4 Hong Kong consumers eyes getting a loan with fintechs, neobanks
Although traditional banks remain the preferred choice, 1 in 5 are ready to jump ship to another provider.
Bank of Singapore names Credit Suisse banker as new global COO
Jacky Ang is also Credit Suisse’s SG branch manager and head of wealth management.
DBS unveils metaverse game tackling global food waste
Singapore players will be treated to extra rewards, redeemable through DBS PayLah!
Mizuho, Shinhan ink cooperation agreement to service start-ups
They will provide financial services to start-ups in accordance with start ups’ growth stage.
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1. How Danantara’s plan to acquire BRIS will impact four Indonesian banks 2. SG digital banks expand into investments and loans to boost profits 3. Singapore's banks leave more jobs unfilled as hiring slows 4. MUFG invests in May Mobility for autonomous vehicle deployment 5. Mizuho has given out JPY40.3t in sustainable finance loans in 5 yearsResource Center
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
