Frances Gagua
Japan’s SMFG completes transfer of securities business to UK subsidiary
Japan’s SMFG completes transfer of securities business to UK subsidiary
SMBC Nikko Capital Markets will be closing down its Abu Dhabi branch.
HK central bank, banking assoc express support for banking integrity charter
The HKMA and HKAB co-hosted the launching ceremony with ICAC.
Experts on future-proofing PH banks, revolutionizing insurance
Going against the norm when adapting growth strategies may be key.
Digital wealth platform Arta Finance launches in Singapore
Arta said that 1.6 million non-SG investors will have $4.8t in assets in the city by 2028.
Bank on people, not just tech— HSBC banker
Developing tech and talent go hand-in-hand, a senior HSBC banker said.
Why digital wallets must shed their ecosystem dependence
Experts noted the importance of forming the right strategy for sustainability and brand marketing.
Philippine central bank gearing up for digital marketplace, new digital banks
Up to four new digital banks may enter the market.
Kiosks, hybrid approach key to financial inclusion: BDO
BDO has introduced self-service kiosks and universal machines to entice unbanked customers.
Mongolian banks enjoy improved governance and asset quality
The listing of D-SIBS in 2022 has improved disclosure and asset quality.
Hang Seng has approved $60m of SME loans with HKMA’s account data sharing model
Customers can authorize Hang Seng to directly retrieve info and data from other participating banks.
Asian businesses brace for stricter lending standards— survey
Over half of respondents said that lending standards will become more restrictive.
China’s investment banking fees drop 25% in 9M 2024
ECM underwriting fees, M&A advisory fees, and syndicated lending fees all registered declines.
QR codes and low costs drive mobile wallet adoption in APAC
Even cash focused countries like the Philippines, Thailand, and Malaysia saw a high level of adoption.
India’s credit and charge card payments market to grow 15.5% in 2024
Credit and charge cards accounted for 75.7% of total card payment value in 2023.
Alipay+ sees overseas use of payment partner apps triple in 9M 2024
Spending for F&B, attractions, and transportation recorded double-digit increases.
Bank of Singapore winds down Luxembourg operations
It has pivoted its focus on deepening its UK presence and has named a new general manager.
Hong Kong Fintech Week 2024 kicks off on 28 October
InvestHK expects to draw about 30,000 attendees from 100 economies across the globe.