Frances Gagua
Security Bank, FWD Philippines extend strategic partnership
Security Bank, FWD Philippines extend strategic partnership
The Philippines’ rising income per capita represents opportunities for expansion.
Major Japanese banks’ profits up 40.29% in H1 FY2024
Their NPL ratio was lower than in March, but still higher than in September 2023.
WeLab Bank disbursed HK$61.56m subsidies for HS Chau Foundation
The students come from 354 government and private secondary schools across the city.
Mizuho lists Saudi Arabia ETF on Tokyo Stock Exchange
The ETF invests in the Saudi Arabian equity market.
Airwallex reports double-digit revenue, transaction growth for Q3
It expanded its startup and investment platforms in 2024.
RCBC names Anthony Cariaso as deputy CEO
The Philippine bank announced a slew of leadership changes.
Bank of America’s CashPro app set to hit $1t in payment approvals
The platform is reportedly used by around 40,000 companies globally.
Chinese banks set up offices at Dubai International Financial Centre
About 8 banks from China now have locations in the financial centre.
ING names James Haines as Japan country manager
Haines was a general manager and deputy group head at Aozora Bank.
VCs invest $31.1b in fintech companies in 2024
Enterprise software companies and health companies got the most investments.
Hong Kong central bank warns against unauthorized finance firm
The firm reportedly does not have authorization to take deposits.
SEA, Japanese banks vie for Panin Bank’s state: report
OCBC and CIMB are interested, whilst Maybank is exploring a potential bid, according to sources.
China’s new yuan loans to have almost doubled in Nov: report
Banks are estimated to have issued $136.02b in new yuan loans.
South Korea to implement KOFR in derivatives market in 2025
Target share is 10% in 2025, and 50% in 2030.
OCBC to triple quantum workforce to boost security
The Singapore bank expects significant tech advancements in the next five to 10 years.
Multiagent systems as key to AI-first banking: analysts
If implemented well, banks can see up to 60% productivity gains from credit analysts.
BEA saves 553,000 hours in processing time with UiPath
The bank has 77 attended automations as of December 2024.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. Union Bank of the Philippines ‘aggressive’ growth strategy brings more problem loans 4. Bank of America appoints Phil Carmalt as head of APAC GPS 5. HSBC Singapore unveils wealth centre at The Star Vista mallResource Center
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