Frances Gagua
Hiring freeze felt as HK banks focus on talent development
Hiring freeze felt as HK banks focus on talent development
Many senior roles in banking get cut, but relationship managers, private bankers, and tech roles remain sought after.
Fasset superapp aims to use digital assets to drive financial inclusion
The digital asset company plans to eventually offer remittance, lending, and borrowing.
HSBC names UBS banker as new head of global private banking for SA
Tommy Leung will take over the role on 19 October.
Hong Leong Finance SG profits up 3.2% to S$46.57m in H1
An interim dividend of 3.5 cents per share has been announced.
OCBC reports record net profit of S$3.59b in H1; H1 dividend at 40 cents
The dividend is 43% or 12 cents higher than in H1 2022.
India assures banks it’s ready to manage outflow of Russian funds: report
Russian companies have accumulated billions of rupees in local banks.
China allegedly asks banks to delay dollar buying to slow yuan depreciation: report
The yuan hit an eight-month low in July.
DBS earnings up 45% to S$5.26b in H1; Q2 dividend at 48 cents
This brings the first half dividend to 90 cents per share.
Fintech funding slows to 10-year low as investors tout quality over quantity
Asian fintechs clinched US$5.1b in investments in H1, lower than $45b in H1 2022.
Citi Global Wealth unveils ULTIMA credit card for private bank clients
Singapore’s UHNW clients’ spending outpaced pre-pandemic spending by 56%.
Singaporeans need to save for 27 years to achieve financial freedom: Singlife
1 in 4 Lion City residents have savings of less than $1,000 per month, below the average S$1,733.
Luxury travel retailer DFS taps Alipay+ to offer cross-border payments for Asian travellers
DFS and Alipay are also developing other membership offers and rewards.
Hong Leong Bank, JCB, Soft Space drive JCB card use in Malaysia
Sofitel Kuala Lumpur Damansara has begun accepting JCB card payments.
Mizuho Financial Group reports $1.71b in profits for Q1 FY2023
Net income per share of common stock is JPY96.75 for the quarter.
Singapore fintech investments record three-year low in H1
Consolidation drove fintech investments in the payments space, KPMG found.
HSBC’s records $12.9b pre-tax profit for H1
This is $12.9b higher compared to the first six months of 2022.
Hang Seng Bank’s profits up 79% in H1; HK$1.1 per share interim dividend declared
Operating profit rose 67% compared to a year earlier.
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1. How digital payments are forcing QSRs to rebuild checkout and staffing 2. MariBank links remittances to Weixin Pay via TenPay Global 3. Japanese banks face bond yield shocks as yields hit 2.23% 4. DBS to focus on tech resilience and grow fee income in 2026: analyst 5. DBS pilots Visa Intelligent Commerce for agent-initiated paymentsResource Center
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