Frances Gagua

Buy now, pay later gains traction in India

Low credit penetration makes it favourable for BNPL.

New COVID outbreak, inflation, rising interest rates pose risks to Singapore’s financial stability: MAS

Banks should have enough buffers and find climate transition risks manageable.

Maybank launches programme to help Malaysian halal SMEs go overseas

The products are now available at Eccellente by HAO Market in Singapore.

Goldman Sachs, Amazon launch suite of cloud-based data and analytics solutions

Institutional clients may accelerate time-to-market financial applications.

South Korea’s corporate loan growth quickened in Q3: report

This was thanks to a rise in loans made to the service sector during the period.

UnionBank in talks to take over Citi’s consumer banking assets in the Philippines

Discussions between the two banks are at the preliminary stage.

CIMB Group core profits more than tripled in 9M 2021

But it reported weaker quarterly performance, largely due to its $309.8m Q3 expense.

Sukuk issuance slowdown may dawn earlier over Omicron variant: Fitch

Uncertainty over Omicron's impact may drive this slowdown.

Banking woes dampen Singapore MSMEs overseas ambitions 

Only 2 in 10 Singapore micro-multinationals think banks offer value for money.

Buy now, pay later more needed in markets with credit under penetration: UOB TMRW exec

It’s not as urgent as other markets with credit under-penetration, says TMRW Digital Group CCO.

Philippine financial regulator mulls offline digital payment solutions

The move is part of the BSP’s Digital Payments Transformation Roadmap.

How Hong Kong’s livi bank aims to make banking more rewarding

They are amongst the first bank in the city to roll-out buy now, pay later services.

New Zealand’s card payments market to rebound 10.3% in 2021

The market is expected to top $83.2b in four years’ time.

South Korean banks’ average mortgage rates hit three-year high: report

The 3.26% interest rate average is its highest since November 2018.

Deutsch Bank Wealth Management announces three new leadership appointments

Felicia Tan and Edmund Lee join from BNP Paribas; Dita Darmawan, from UBS.