Frances Gagua
South Africa’s Absa Group expands to China
South Africa’s Absa Group expands to China
Absa Group will provide general advisory services to clients based in China.
India’s ICICI enables non-resident Indian customers to make UPI payments
The service is available through the iMobile Pay app.
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.
Citi, ABD ink deal to enhance supply chain financing for SMEs in Asia
It is expected to support over $100m of additional trade across APAC.
Alipay’s labor day outbound travel transactions up 77% in 2024
East Asia and Southeast Asia were the most preferred destinations.
Fubon Bank HK warns against fraudulent website
The bank has already reported the matter to the Hong Kong police.
Australia’s Macquarie well-capitalised despite lower profits
Net profit fell by 32% for the fiscal year ended 31 March.
FNZ, abrdn launch digital wealth platform in Singapore
The firms’ platform have over $90b assets administered in the UK.
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Asia’s banks hold the mandate to innovate. Now they must earn it.
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