Frances Gagua
Maybank invests in MSME finance platform Funding Societies
Maybank invests in MSME finance platform Funding Societies
It did not specify the amount invested.
Indian banks deposits and credit grow at the same pace
Deposits have expanded by $147.73b between January-August 2024.
Public Bank commits $229.7m financing for SMEs
Public Bank is the largest financier of SMEs in Malaysia based on market share.
Banks ‘underprepared’ for instant payments: report
Only 30% of APAC banks have a strong tech foundation for instant payments.
Westpac names Anthony Miller as CEO
Before joining Westpac, Miller was the Australia/NZ CEO of Deutsche Bank for 4 years.
Standard Chartered names new CEOs for China, Vietnam units
Standard Chartered names new CEOs for China, Vietnam units
VIB faces asset risks and capitalization strain amid rising NPLs
NPL ratio rose to 3.7% in June 2024.
JST Singapore obtains in-principle approval for an MPI license
JST Singapore said that it will continue to work towards securing its licenese.
BRI may miss micro loan growth target amidst asset quality concerns
Micro loans were down 0.9% quarter-on-quarter in Q2.
Hong Kongers seek digital channels, F2F meetings in wealth mgmt services
Nearly all use digital channels, yet nearly half still employ face-to-face meetings with advisors.
WeLab Bank served as official digital settlement bank for Dear Girlfriends subsidy
The program granted HK$3,300 cash subsidy to over 18,500 female students.
Tokenization of trade assets to bridge financing gap
Blockchain technology could decentralize finance operations and allow easier credit access.
Thailand’s card payments value to reach $94.5b in 2028
The growth rate will ramp up from the 6.2% rise in 2023.
DBS names Calvin Ong as head of consumer banking in Singapore
Ong will take over from Jeremy Soo beginning 1 January 2025.
Vietnam’s OCB to see loan delinquencies ease through 2026
Profitability will remain below historical levels, however.
Philippine central bank welcomes new monetary board member
Querubin was president and CEO of UCPB from 2003-2007.
Singapore, Hong Kong banks tap APAC family office boom
They can help manage costs, which could balloon to 3% of assets.
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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