Frances Gagua

Mizuho Bank’s Tier 1 Capital Ratio at 14.26% in June

This is 0.66 percentage points (ppt) higher than in March 2024.

The Evolution of Financial Advisors: Embracing Digital Transformation for Enhanced Client Value

Financial advisors are expected to offer more than just advice, opening up new opportunities in this space.

Lack of Diversification and No Contingency Plan Can Be Catastrophic in Today's World

The Microsoft cybersecurity IT outage highlighted the need for contingency planning for all financial services industry players.

Hong Kong central bank launches gen AI sandbox

Banks are encouraged to make full use of the sandbox.

CBA to retain capital levels despite buyback, high dividend payout

Cash net profit after tax declined 2% in the latest financial year.

South Korea’s corporate loans rise in July; deposits decline

Tax payments and outflow of funds for various reasons led to the drop.

SoKor household loans rise in July on more mortgages

Demand may also be higher due to the summer vacation season.

Korea, Turkey renew bilateral swap agreement

The extension is effective for a period of 3 years beginning August 2024.

NETS unveils terminal-less contactless payment solution

It accepts card payments and QR payments from local and overseas apps.

Taiwanese banks hold $310.53t in SME loans in June

SME loans made up 65.64% of all corporate loans in Taiwan.

PH central bank issues framework for digital payment system operators

Payment system operators are required to obtain a license from the BSP.

DBS pilots blockchain-backed treasury tokens for treasury, liquidity mgmt

The tokens enable collaborator Ant Int’l to reduce settlements into seconds.

StanChart rolls out ESG-linked cash account in Hong Kong, SG

Clients are rewarded when they meet ESG-related targets.

OCBC, UOB to benefit from US-driven supply chain relocation to ASEAN

Multinationals are likely to hasten their ASEAN expansion.

Bank of Singapore warns against fake app

It has reported the link and app to the police and regulators.