Frances Gagua

Barclays to establish private bank booking centre in Singapore

The bank will provide quasi-institutional investment solutions.

Improved lending to MSMEs needed: central banker

MSMEs make up almost a third of India’s nominal GDP.

Hong Kong central bank welcomes complete migration to Credit Data Smart

Banks and lenders now operate under a multiple credit reference agencies model.

Up to $50b of wholesale banks’ revenues at risk

But there’s about $15b in additional revenue up for grabs through 2027.

Vietnam’s debit card payments to reach $65.6b in 2028

Debit card use is dominant, but still limited to cash withdrawals.

Maybank Singapore unveils second lifestyle banking space

It features a biophilic design and has a Joe & Dough cafe at the entrance.

Citi unveils real-time 24/7 liquidity mgmt solution in Thailand

With 7-Day Sweeps, cash concentration capabilities are extended to non-business days.

HSBC Singapore offers zero-fee international transfers to over 60 currencies

Amongst markets covered are Malaysia, Indonesia, South Korea, and the UAE.

Why Singapore banks are a ‘safe haven’ from US market volatility

UOB, OCBC, and DBS have low earnings downside risk and offer attractive dividends.

Patents for 3D secure transactions nearly double in 2023

Payment entities are looking to strengthen their security to combat online threats.

MUFG employee steals up to $12.9m from safe deposit boxes

At least 60 safe deposit box lessors are affected, the bank said in a statement.

Hong Kong’s ZA Bank offers crypto trading services to retail users

Global crypto market capitalization has surged 90% to over US$2.3t.

Islamic finance needs to expand pool of skilled professionals: CIIF

CIIF signed three MOUs to develop the talent pipeline of the Islamic finance industry.

How virtual cards can benefit wholesale and retail trade, healthcare

These cards can help businesses better manage their margins.

Private fund tokens may be the future of investing

Kinexys seeks to keep a token’s sensitive financial information from prying eyes.