Frances Gagua
Trust Bank set to be Singapore’s 4th largest retail bank by end-2024
Trust Bank set to be Singapore’s 4th largest retail bank by end-2024
It now has over 800,000 customers in the Lion City.
Trust Bank unveils cashback card with 15% bonus rate
Until 31 December, new customers get an unlimited cashback of 1.5%.
Mastercard pilots biometric payment authentication in India
Shoppers can use their fingerprint, face scan, or pin to confirm payment.
Real time payments, trade partnerships bolster Singapore’s digital trade sector
Its cross-border payment connections have enhanced its international trade competitiveness.
India names first self-regulatory organisation for fintechs
There are two more applications pending, according to the central bank.
Thailand’s loan growth slows to 0.3% in Q2 as SME loans contract
The central bank said there is a need to continue to monitor SMEs’ debt serviceability.
Malaysia’s central bank names new monetary policy committee member
Datuk Yogeesvaran Kumaraguru has been named an external member for a 2-year term.
OCBC tries to bridge benefit gap among Singapore’s realty agents
Its latest product offers financial benefits across banking, insurance and trading.
Bank of East Asia seen to cut commercial real estate over the next two years
The bank has shifted its focus from real estate to manufacturing, retail trade, and technology.
SoKor credit card firms report 5.8% higher net income in H1
Loan-related and installment fees rose, as well as total expenses.
Visa enables use of cards to pay in Cebu, Mandaue modern jeepneys
Commuters visiting the two Philippine cities can pay with their Visa cards in 140 modern jeepneys.
Korean banks’ total capital ratio rises to 15.76% in Q2
CET1 ratio rose 0.18ppt to 13.18% over the same period.
South Korea unveils new credit blocking program against phishing scams
Voice phishing scams reportedly amounted to over $146m in 2023.
Maybank profit up 9% to MYR5.02b in H1; first interim dividend is 29 sen
This is thanks to its non-interest income growing 28.4%.
Bangkok Bank approves 2 baht dividend for H1
The dividend will be paid on 20 September.
Regulators' push to curb tech outages may boost bank expenses by 20%
Banks in South and Southeast Asia must enhance tech systems or face firmer penalties.
SMBC names Atul Bhuchar as APAC head of transaction banking product
Bhuchar joins from Partior, a JV by Temasek, DBS, JP Morgan and StanChart.
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Compliance and legacy systems stall B2B payment shift
Retail drives digital payments as B2B adoption lags.
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The Asian connection: China's path to sustainable growth