Frances Gagua
Malaysia fines Maybank Islamic for info submission lapses
Malaysia fines Maybank Islamic for info submission lapses
The bank’s failure to ensure info was submitted led to three borrowers’ credit records being impacted.
Indonesian and French central banks ink MOU on central banking cooperation
They will hold policy dialogues, joint studies or research, and data and information exchange.
PAObank names Ronald Iu as chief executive
Iu has previously served as chief executive of two other digital banks in Hong Kong.
Malaysia fines two banks for non-compliance with AML/ CFT requirements
BPMB reportedly did not properly screen existing customers for risk.
Weekly Global News Wrap: UniCredit doubles stake in Alpha; US banks eye crypto
And the American banking industry reported $70.6b in profits for Q1 2025.
APAC card payments markets to grow 4.3% to $24.7t in 2025
South Asia and SEA countries are skipping cards for mobile wallets, however.
Alliance Bank’s net profit up 11.1% to $46.6m in Q4
For FY3/26, DPS may rise to MYR0.27 and net profit to $200.6m.
India’s consumer lending growth slows in 2025
Consumer demand for mortgages and personal loans will be dampened, it said.
KakaoPay Corp’s profits may more than double market estimates by 2027
CGS International expects KKP Securities to turn profitable in the current year.
Australia’s digital wallet market to surpass $130b in 2025
Increasing use of QR and NFCC payments are supporting this growth.
India’s Saarathi Finance raises $55.5m in funding round
The NBFC plans to lend to MSMEs.
Hong Leong Bank’s net profit down 9.36% to $223.41m in Q3 FY2025
Its profit for the first nine months of the fiscal year is up 0.71%.
India’s gov’t owned NBFIs to further grow market share
Loan growth for such entities is expected to be 15% per annum in the next two years.
OCBC names Elaine Heng as head of global commercial banking
Tan Yuen Siang will join the global wholesale banking leadership team.
HSBC cuts dozens of analyst jobs in investment banking overhaul: report
Most of the cuts were in Europe, a source said.
Less than half of Aussie firms adopting real-time payments: survey
About 2 in 3 believe that finance tech providers will shoulder the responsibility of assistance.
China and Indonesia expand scope of bilateral transaction cooperation
They will establish a framework to promote bilateral transactions in local currencies.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
