Frances Gagua
South Korean banks’ deposits and household loans expanded in June
South Korean banks’ deposits and household loans expanded in June
Corporate loans and asset management funds fell.
Krungthai Bank to perform ATM system maintenance
ATM and ATM+ services won’t be available on certain dates and times in July.
Hong Kong says Chong Sing Heritage Trust an unauthorized bank
The bank does not have authorization to carry a banking business in Hong Kong.
Tight liquidity and weak credit appetite slows Indonesia’s loan growth
The central bank may cut rates further to support liquidity.
Singapore is Asia’s top offshore destination of wealthy investors
Saving up for vacation and leisure overtook financial security as the top financial goal.
Malaysia’s Kenanga Investment Bank launches HSCEI, HSTECH structured warrants
Both warrants were launched under its flagship brand, NagaWarrants by Kenanga.
SEA fintechs’ funding drops 22% to $776m in H1 2025
Late-stage investments rose but seed stage and early-stage funding both fell.
PayNet launches Alipay+ and WeChat Pay promos to lift DuitNow QR payments
It includes discounts and even an all-expense trip to Hong Kong.
OCBC rules out future Great Eastern bids after delisting fails
OCBC holds a 93.72% stake in the insurer.
Stablecoins bill brings stricter oversight, opportunity to Hong Kong
The digital tokens could support cross-border payments and smart escrow.
ANZ customers to spend $280m in Europe travel this summer
Hotel and airline bookings surged 11% in Jan-May 2025.
Only 1 in 10 CBA home loan customers reduced repayments after rate cut
Those in New South Wales were most likely to opt for the reduced repayments.
ShopBack secures MPI licence in Singapore for payment product
ShopBack Pay is now authorized to provide payment services in the country.
SMFG to establish agentic AI firm in Singapore
Ahmed Jamil Mazhari has been named CEO and SMFG’s AI transformation advisor.
HSBC names global head of investments and managed solutions for wealth, premier
Sami Abouzahr also leads the bank’s ultra high net worth solutions group.
Revolut partners with Ant Int’l to enable transfers to China via Alipay
It has a tiered fee system.
Weekly Global News Wrap: Santander to buy TSB; BPER increases BPSO
And India plans to withdraw $11.7b of excess liquidity worth from the banking system.
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Commentary
Asia’s banks hold the mandate to innovate. Now they must earn it.
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Human Sparsity Blockchain: A citizen-validated ledger for digital finance supervision
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Digital transformation starts with leadership