Frances Gagua
OCBC unveils digital account opening for foreigners moving to SG
OCBC unveils digital account opening for foreigners moving to SG
Individuals from Malaysia, Indonesia, mainland China, and Hong Kong can avail of the service.
Clifford Capital Holdings names J.P. Morgan banker as new CEO
P. Murlidhar Maiya was CEO of the bank’s South and Southeast Asia businesses.
Ripple clinches in-principle regulatory approval to offer digital payment tokens in Singapore
Majority of its on-demand liquidity transactions flow from Singapore, the company said.
MAS completes investigation on Citadelle; no further action taken
Citadelle did not breach the Trust Companies Act, according to MAS.
MAS fines 4 entities S$3.8m for failures in anti-money laundering controls
DBS and OCBC are fined S$2.6m and S$600,000, respectively.
HSBC names Paul Jeremy Brough as independent non-exec director
Brough is also an independent non-exec director of Guoco Group and Toshiba.
Thailand’s Krungsri sets sights on Vietnam expansion with SHB Finance acquisition
Krungsri will acquire the 50% remaining shares of SHB Finance over the next three years.
Thailand publishes revised consultation paper on virtual bank framework
BOT will propose licensing regulations by July.
Hong Leong Islamic Bank names Dafinah Ahmed Hilmi as CEO
She spent the last 19 years working at HSBC.
Japanese regulator sounds out megabanks on China geopolitical risks: report
Its three megabanks have a total credit exposure of $64b to China.
Stable profits buoys Public Bank HK’s resilient credit profile
However, higher funding and credit costs will weigh down on profitability.
OCBC buys more Great Eastern shares for S$39.9m
OCBC now owns 88.4% of its subsidiary’s shares.
CIMB Singapore launches CIMB Bank Express
It uses chat bots, anamorphic displays, and interactive screens to support self-service banking.
How experts see the digital battleground of banks, payment firms
Industry leaders gather at 2023 Asian Banking and Finance Forum in Kuala Lumpur to discuss digital disruption, financial inclusion, and future trends.
India’s Axis Bank names central bank ex-deputy governor as non-executive chairman
N.S. Vishwanathan will assume the role on 27 October, pending approval.
Bank of East Asia extends weekend business hours in three branches
They will be open from 1PM to 5PM until 9 July 2023.
No changes to Hang Seng Bank's HKD dollar prime, savings deposit rates
Savings accounts with a total relationship balance of HK$1m or above will enjoy a bonus interest of 0.001% per annum.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
