Frances Gagua
South Korea mulls easing restrictions on investing in fintech: report
South Korea mulls easing restrictions on investing in fintech: report
The country’s top regulator shared plans to enact a new law on the matter.
Chart of the Week: Indonesia’s card payments market to grow 10.7% in 2022
Growth will be driven by the rise of debit card use.
Mizuho submits business improvement plan following tech failures
Mizuho most recently saw disruptions to its corporate online bank services on 11 January.
How Singapore FIs can address the tech and cyber security risks associated with public cloud adoption
The cloud is increasingly becoming the primary location for financial institutions to store and process data: most financial institutions have moved their applications to cloud platforms, and many of those that still have their data on-premise today are planning their imminent migration to cloud.
Union Bank’s capital buffers to weaken following Citi purchase: analyst
Any potential earnings boost remain uncertain; whilst reduced capital will take years to rebuild.
Standard Chartered appoints Roel Louwhoff as chief of tech, operations, and transformation
He replaces current COO David Whiteing, who is moving back to Australia.
DBS to only send 'essential' SMEs to retail, wealth customers
The bank assured customers that it employs a multi-layered defence system against fraud.
Singapore launches new measures to bolster digital banking security
Banks are asked to remove links in emails and SMS sent to customers.
Cryptocurrency ATMs close down in Singapore following MAS clampdown: report
Two operators, Daenerys and Deodi, have shut down their ATM machines in the city.
Grab Singapore includes more banks in linked account feature
Users can now link accounts from Bank of China, DBS, Maybank, OCBC, StanChart, and UOB.
Will Request To Pay displace card payments in the future?
The potential is there, but tech roadblocks prevent wider adoption in the industry.
UOB’s purchase of Citi ASEAN retail assets improves profits, accelerates expansion
It is expected to add S$1b in profits annually, with earnings accretive beginning 2023.
Citi names new head of Global Subsidiaries Group for APAC
And the search for a new head of corporate banking for Australia and New Zealand is on.
Singapore bans promotion of cryptocurrency trading in public
The new guidelines instruct against marketing DPT services in public areas.
Contactless payments snare Singapore’s boomers
Loyalty programs are also rated as important by consumers in the city.
Financial institutions key for energy investments, B&R Initiative to go green: PwC
Decisions on green finance now will lock in emissions trajectories for decades.
Bank of China Hong Kong poised to benefit from GBA: analyst
A possible rate hike in March will also positively affect the bank.
Commentary
The Asian connection: China's path to sustainable growth