Frances Gagua

Generative AI’s role in the evolution of banking

Generative AI’s role in the evolution of banking

Generative AI presents a significant revenue opportunity for banks, not just as a cost-saving tool. 

PH fintech BillEase integrates QRPh in platform with AUB partnership

BillEase customers can now pay at over 600,000 QRPh-accepting merchants.

Share buyback, Suncorp Metway deal won’t dent ANZ’s credit profile

S&P expects the SML acquisition to be completed in mid-2024.

Ant Int'l inks MOU to ramp up Saudi Arabia expansion

The Ministry of Investment of Saudi Arabia formally expressed support for Ant’s plans.

National Australia Bank, Banked eyes boosting A2A payment adoption

Their tech enables Australian merchants to send PayTo Agreements to customers.

South Africa’s Absa Group expands to China

Absa Group will provide general advisory services to clients based in China.

Chinese banks dominant whilst Japan, South Korean banks’ assets falter

Australian and Singaporean banks’ assets remained steady, S&P’s study showed.

Citi names Damien Tan as head of corporate bank for Singapore

Tan was previously head of local corporates for Citi Singapore.

DBS CEO Piyush Gupta sells S$2.69m bank shares

He still holds over 2.715 million shares in DBS.

UOB’s core net profit down 1% to S$1.6b in Q1 as interest income dips

Trading and investment income hit a record high, however.

Why tech is not the focal point of banks’ digital transformations

About 70% of digital transformations fail, an industry expert warned.

GX Bank, Zurich Malaysia ink 10-year bancassurance partnership

They will co-create micro digital insurance products for Malaysians.

BOCHK warns against remittance phishing email

The email reportedly intends to steal customers’ data.

Hong Kong extends green and sustainable finance grant scheme for 3 years

The grant scheme will also expand to cover transition bonds and loans.

Philippine loan officer fined for violating lending regulations

The officer was an employee of the now closed Ruran Bank of Buguias (Benguet).

StanChart’s Signature CIO Funds attracts over $1b

The funds have returned over 28% since launch, the bank said.