Frances Gagua
Gov’t support keeps APAC banks stable
Gov’t support keeps APAC banks stable
Each market has their own problems, such as floods and weak property demand.
Westpac expected to maintain solid capital despite profit drop
Credit risk is expected to remain low.
Citi, Fidelity demonstrate real-time settlement of MMF and digital FX
It might enable faster, seamless management of treasury positions.
ANEXT Bank, Schroders to launch investment funds to MSMEs
Over 30% of ANEXT’s customers are foreign business owners.
HDBank reports profit before tax of $500m for Q3
Its consumer finance arm HD SAISON grew its loan book by 15%.
Hong Kong’s digital banks play crucial role in developing the fintech ecosystem
Public acceptance of digital banks is increasing in the city.
The Access Bank UK Limited officially opens Hong Kong branch
It will focus on international trade and commercial banking.
Why is willful default a growing threat to Bangladesh’s financial stability?
Bangladesh must implement stronger governance measures across its financial institutions.
Mobile Wallets are Southeast Asia’s Pathway to Financial Inclusion
As Southeast Asia’s economies are becoming increasingly interconnected, there are plenty of opportunities for global firms to make cross-border payments seamless.
Hang Seng Invest, SAB Invest launch ETF
The ETF will debut on the Saudi Exchange on 31 October 2024.
Crypto platform Gemini clinches in-principle approval in Singapore
Gemini is one step closer to getting a major payment institution license.
OCBC demonstrates intraday institutional lending capabilities
It made use of reverse repos on J.P. Morgan’s Digitial Financing app.
BOCHK reports 6.1% higher net operating profit for Q3
There were reportedly more business opportunities as tourism recovered.
Singapore launches GFTN to strengthen fintech hub status
Sopnendu Mohanty will leave MAS in 2025 to become group CEO of GFTN
Endowus Hong Kong’s client base increased sevenfold
The group has surpassed US$200m in private markets and hedge funds.
IATA to offer digital currencies in its financial settlement systems
It will being offering the digital renminbi in the China Billing and Settlement Plan.
Weekly Global News Wrap: Ayala sells part of GCash stake; Some FIs halt trading with Nomura
And Jamie Dimon blasts several US regulatory initiatives.
Commentary
The Asian connection: China's path to sustainable growth