Frances Gagua
Singapore fintech funding down 10% to $208m in Q3
Singapore fintech funding down 10% to $208m in Q3
The drop is in line with overall tech startup funding in Singapore.
Hong Kong to rename ‘virtual banks’ to ‘digital banks’
The bank will set-out new guidelines shortly.
Citi names Hooi Wan Ng as head of markets for Malaysia
Ng joins from JP Morgan, where she had led the local markets and private side sales since 2011.
Citi poaches JPMorgan banker to lead FX institutional sales in 4 APAC regions
Anand Goyal will begin in December, and will be based in Singapore.
Standard Chartered launches digital request quote module Autoquote
Clients can request pricing quotations and get responses digitally.
Public Bank's LPI Capital purchase may boost earnings, ROE
MGO is unlikely to be accepted by shareholders due to its ‘steep’ 25% price discount.
Citi launches Token Services for Cash for institutional clients
It is expected to facilitate multi-million dollar cross-border liquidity and payments.
Thailand’s Kasikorn Bank expects credit costs to normalize in 2025
The bank says that it will end its loan portfolio clean up this year.
Mizuho expands mid-term finance emission targets
The targets are aimed to be met by FY2030.
The Philippines launch financial inclusion website
The website features the latest regulations, issuance, and initiatives from FISC agencies.
Thailand, Philippine central banks discuss AI, digital payments in bilateral meeting
They discussed the use of AI to support the central bank’s work, amongst others.
India urges banks to review digital payment access for disabled users
They must submit a plan of action for any modification within a month’s time.
Malaysia’s Public Bank acquiring all shares of insurer LPI Capital
It will buy a 44.15% equity interest in the insurer for RM1.72b, and then extend a mandatory general offer.
Why banks will be ‘invisible’ by 2030
They either become the platform or willingly lose their brand visibility.
Mizuho, UNDP team up to support impact businesses
UNDP will provide Mizuho with advisory services.
Siam Commercial Bank’s Mae Manee App to undergo maintenance
It will be unavailable for a few hours each on October 11-12, 2024.
India and Maldives ink currency swap agreement
The agreement is valid until June 2027.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
