Frances Gagua
CIMB Singapore rolls out card for sole proprietors and SME owners
CIMB Singapore rolls out card for sole proprietors and SME owners
It offers zero FX fees and complimentary airport lounge access.
HSBC Private Bank rolls out gen AI platform for wealth management staff
It summarises the bank’s research reports and external news feed.
GXS Bank expands SME lending after Validus acquisition
It’s also targeting Grab merchants and Singtel customers for financing.
Bank of Commerce PH upgrades system of 140 branches and ATMs
The Philippine bank teamed up with InfoSys and IBM to roll out the upgrade.
Chart of the Week: Debit card fuel growth of Australia’s card payments market
Australians are choosing to spend within their means instead of accruing debt.
Hong Kong’s PAObank to offer free travel insurance to new customers
New customers must use the referral code "PAOBPR" to avail of the insurance.
Alipay+ Voyager customers can book Grab rides in their e-wallets
The service is available to users of Alipay, AlipayHK, and GCash.
Citi’s new Singapore head is first local to hold the position in 50 years
Lee Lung Nien has been with Citi for 35 years.
China’s interest subsidies unlikely to boost credit demand: BofA
Loan growth for household loans and corporate loans were lower in August than a year earlier.
ASIC eases disclosure rules on deposit rates for banks
The relief is extended until 1 October 2030.
China and Indonesia pilot cross-border QR payments
Selected users from China can now make QR payments in Indonesia using UnionPay and Alipay apps.
SMBC names Sridhar Srinivasan as APAC transaction banking COO
He will be based in Singapore.
ANZ fined $240m for incorrect trading reporting and misconduct
This is the largest ever announced by ASIC against one entity.
Alipay Tap! crosses 200 million users
It lets users pay by tapping their unlocked phone on a payment terminal.
Japan's first stablecoin unlikely to affect gov't bond demand
But it might lead to a boost in annual JGBs by around $1.88b.
Taiwan’s credit card balance at $3.79b in July
The amount of undue balance of installment rose whilst the delinquency ratio fell.
South Korea’s home mortgage loan growth inch up in August
Resumption of non-face-to-face lending brings back household loans to a growth.
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Commentary
Asia’s banks hold the mandate to innovate. Now they must earn it.
Why Asia's banks are rebuilding their credit infrastructure in 2026
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Human Sparsity Blockchain: A citizen-validated ledger for digital finance supervision
Will stablecoins disrupt the banking business?
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