Frances Gagua
TG Limcaoco on how 170-year-old BPI is reinventing itself in the digital era
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.
DBS upskills sustainable financing knowledge of 1,600 relationship managers
The bank will incorporate the workshops as part of its training curriculum for incoming RMs.
Korea allows formation of new nationwide bank for first time in 30 years
FSC plans to issue new banking licenses to bolster competition.
Weekly Global News Wrap: Rothschild & Co takes one step closer to going private; Ant Group may be fined $1b
And UBS makes changes in global wealth management business.
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.
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1. How Danantara’s plan to acquire BRIS will impact four Indonesian banks 2. MUFG invests in May Mobility for autonomous vehicle deployment 3. SG digital banks expand into investments and loans to boost profits 4. Singapore's banks leave more jobs unfilled as hiring slows 5. DBS partners with Austrade to help Australian companies expand into SEAResource Center
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
