Frances Gagua
Shell companies and crypto propel money laundering risks in APAC
Shell companies and crypto propel money laundering risks in APAC
Trade-based ML is also on the rise, warned Forrester in its new report.
Mizuho Financial Group publishes impact business policy
The policy defines the bank’s course of action on impact-driven businesses.
Indonesia, UAE team up to promote local currency use in bilateral transactions
UAE and Indonesia's non-oil trade grew to $3.1b between 2017 and 2023.
CIMB Group’s opex to ease whilst non-interest income poised for growth
Loans are poised for a 6% growth, UOB Kay Hian said in a report.
CTBC Bank PH unveils redesigned web interface and mobile banking app
The app features personalised widgets and customisable features.
SGX welcomes ETF tracking APAC financial institutions
It has S$47m in assets under management at launch.
Standard Chartered names three leaders to global transaction banking team
The three new hires are previously from J.P. Morgan, DBS, and Bank of America.
Daegu Bank bets long-term with digital amidst home market issues
The Korean bank has turned its eyes to Seoul to grow its retail banking activities.
Gov’t ties to buoy Korea Development Bank's capitalisation
Problem loans are expected to rise, however.
Why banks need fintechs to buoy loan growth
Loan demand has doubled in Singapore, and fintechs can help onboard quality clients.
Taiwan banks’ SME loans rise to $303.6b in March
The NPL ratio remained at 0.24%.
No contagion risk for Vietnam banks from billionaire corruption scandal
But it exposed structural weaknesses in Vietnam’s banking and financial industry.
UOB grants 30,400 shares to eligible non-executive directors
The share awards are part of the directors’ remuneration for 2023.
Taiwan e-payments rose to $475.4m in Q1
A total of 1.897 billion non-cash payment transactions have been recorded.
Taiwan cards' revolving credit rise to NT$107.3b in March
There are over 37 million active credit cards on the island.
OCBC logs record net profit of S$1.98b in Q1; EPS is S$1.76
Higher wealth management and insurance income pushed up fee income.
Chart of the WeekL 1 in 2 e-commerce purchases in New Zealand use payment cards
Cash accounted for just 3% of all e-commerce payments.
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1. Revolut Singapore hits first year of net profitability in 2024 2. CIMB Philippines says fund transfer issue ‘resolved’ 3. HSBC Singapore unveils wealth centre at The Star Vista mall 4. UOB inks MOU with Accenture for AI adoption and application 5. Citi names Goldman Sachs banker as head of markets solutions in Asia South & NorthResource Center
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