Frances Gagua
Atome Financial secures US$100m debt facility with HSBC Singapore
Atome Financial secures US$100m debt facility with HSBC Singapore
It operates buy now pay later platform Atome and Indonesia’s Kredit Pintar.
Asset quality of South Korea’s big banks to remain supported as interest rate rise
But bad loans are expected to rise moderately.
India tightens rules for digital lending
Lenders may no longer increase credit limits without the consent of the borrower.
Maybank enables Singapore, Malaysia card users to link with ApplePay
This includes users of Mastercard and Visa credit, debit, and prepaid cards.
Dah Sing Bank temporarily closes Mei Foo Sun Chuen Branch
It will reopen on 11 August.
OCBC enables direct CPF account top-ups from digital app
This makes OCBC the first bank to enable this outside of the CPF website.
Dah Sing Bank temporarily shutters Shek Tong Tsui branch
Customers are advised to use mobile or internet banking services.
Salaries soar as Hong Kong banks engage in poaching war to hire & retain talent
HSBC saw its headcount fall to 20,500 in just two years as part of its restructuring.
Indonesia’s fintech investments bucks global trend, hits record high in H1
Payment gateway Xendit raised $300m in its Series D funding to help push up the numbers.
Hong Kong’s ZA Bank launches investment fund service
All subscription fees are waived until 31 December 2022.
Robocash names Kirill Kalashnikov as APAC regional director
Kalashnikov was country manager for the Philippine online lender Digido.
Japan bank lending up 1.8% to record $4.36t in July: report
Companies are borrowing money due to the rising costs of raw materials, an official said.
Buy Now, Pay Later firms' credit losses on the rise
The largest BNPL providers have doubled their delinquency rates over the past few quarters.
India’s Yes Bank improves credit profile following $1.1b equity capital raise
The billion dollar capital raising will strengthen resilience against asset quality risks.
DBS denies interest in India’s IDBI Bank: report
This follows after reports said that DBS is mulling purchase of a stake in the bank.
APAC banks credit losses surge to $865m by 2023: S&P
Credit losses will surpass $400b for 2022 and 2023, respectively.
Hong Leong Finance sees profits rise to S$45.1m in H1
It has also announced an interim dividend of S$0.0375 in its latest bourse filing.
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The Asian connection: China's path to sustainable growth