Frances Gagua
Hong Kong fintech association unveils AI advisory council
Hong Kong fintech association unveils AI advisory council
It will serve as the industry voice to share best practices, amongst others.
Toh Su Mei exits ANEXT Bank; Kai Qiu is new CEO
Ant International in the process of rolling out credit solutions for Thai MSMEs.
Firms turn cautious over gen AI amidst fears of obsolescence, fragmented regulations
Of 47 APAC jurisdictions, about 16 have AI regulations or guidance in place.
StanChart, Prudential Singapore’s bancassurance partnership hit 25
This is the longest on record in Singapore.
Wise raises money transfer limits, lowers global average fee
Transfer limits to WeChat recipients is now at RMB50,000.
Auto industry may weigh on Kiatnakin Phatra Bank: analyst
Its Q4 2024 provision is 34% higher than in Q3.
Ageing Aussies may lead to more reverse mortgages
Older borrowers can retain their homes whilst getting equity, according to a bank.
Structured finance sector in Australia, New Zealand poised for ‘strong’ year
Resilient household sector and low unemployment will support the sector.
MUFG secures 46.08 million shares of WealthNavi, will proceed with purchase
It closed the tender offer on 20 January 2025.
SCBX net profit inch up 1% YoY to $1.29b in 2024
Interest income is higher, but fee and investment/trading income are lower.
India allows foreigners living overseas to open rupee accounts
This is provided they use the accounts for transactions with a resident of India.
Vietnam transfers struggling banks' ownership to VPBank, HDBank
VPBank and HDBank now own GPBank and DongABank, respectively.
Cambodia, Visa launch Bakong tourist app
Tourists can use the app to pay at 4.5 million merchants in Cambodia.
RBI names 15 NBFCs to upper layer
They are subject to enhanced regulatory requirements for a 5-year period.
India names new advisory committee members for bank applications
RBI former deputy governor Shri M. K. Jain will serve as chairperson.
Maybank Islamic to transform digital banking services
It has partnered with audax to deliver digital banking solutions built on AWS.
Chinabank’s head office now powered by renewable energy
The shift to RE in two facilities reduces the bank’s indirect GG emissions by almost 20%
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. Bank of America appoints Phil Carmalt as head of APAC GPS 4. HSBC Singapore unveils wealth centre at The Star Vista mall 5. Citi names Goldman Sachs banker as head of markets solutions in Asia South & NorthResource Center
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Compliance and legacy systems stall B2B payment shift
Retail drives digital payments as B2B adoption lags.
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The Asian connection: China's path to sustainable growth