Frances Gagua
India’s new regulatory measures to moderate loan growth
India’s new regulatory measures to moderate loan growth
It will enhance compliance and safeguard customers, S&P said.
SmartStream unveils 9th version of Air offering for data management
It introduces two modules: Air Data and Air Cash.
Technology to underpin future of financial services
Banks should boost their online infrastructure as digital assets become the norm.
Weekly Global News Wrap: Germany won't sell Commerzbank stake; BNP Paribas buys HSBC’s Germany unit
And California Bank & Trust is acquiring $730m in deposits from FirstBank.
Thailand received 5 applications for virtual bank licenses
It expects to announce the list of successful applicants by mid-2025.
Dah Sing Bank warns against fraudulent Facebook, website
The bank has reported the case to the Hong Kong central bank and police.
Bank of China Hong Kong to explore e-HKD payment programmability
BOCHK will work with a subsidiary of Sun Hung Kai Properties.
Lendela names Axel Frändén as deputy CEO
Frändén will retain oversight of the company's marketing function.
Qoo10 ordered to suspend payments in Singapore
It was unable to prove it can meet its payment obligations to merchants on time, MAS said.
Funding freeze hits BNPLs
Investors are putting less cash towards BNPL providers, who already grapple with thin margins.
Mizuho Bank, partners launch support service for J-Credit creation
Mizuho, IHI, and Fujitsu aim to create a one-stop digital service.
MoneyHero revenue up 24% to $20.7m in Q2
Its revenue in Singapore rose by 68%.
Little clear interest in a retail CBDC in Australia: central bank
Regulators are keen to pursue wholesale CBDCs.
Central bank names Dang Duy Cuong as director of Deposit Insurance of Vietnam
Dang is currently the deputy director general of SBV’s human resource department.
Philippine central bank cuts reserve requirement ratios
For universal and commercial banks, the RRR has been reduced to 7%.
Citi wealth head visits Hong Kong
Andy Sieg attended three events and toured Citi’s Global Wealth Centre.
Hong Kong stored value transactions up 4.6% in Q2
A total of 2 billion transactions were made between April to June 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. Bank of America appoints Phil Carmalt as head of APAC GPS 4. HSBC Singapore unveils wealth centre at The Star Vista mall 5. Citi names Goldman Sachs banker as head of markets solutions in Asia South & NorthResource Center
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Cards & Payments
Compliance and legacy systems stall B2B payment shift
Retail drives digital payments as B2B adoption lags.
Commentary
The Asian connection: China's path to sustainable growth