Frances Gagua
CIMB SGoffers up to 3.88% limited-time rate for new business customers
CIMB SGoffers up to 3.88% limited-time rate for new business customers
The offer is valid until 31 August 2024.
APAC banks face 2.5 million shortage of skilled cyberstaff
Banks may not have the right people in-house to mitigate them.
China faces decade-long clean-up of embattled rural banks
Expect more mergers and consolidations, and even some closures, S&P says.
Endowus Private Wealth offers HK investors access to 400 fund strategies
Over 400 fund strategies are made available to Endowus clients.
CIMB sets out 2030 climate targets for O&G and property portfolios
The bank will stop financing new upstream oil fields beginning January 2025.
BRI net interest margin slated for 31bp decline in 2024
NIM is expected to rebound 25bp in 2025.
SCB’s Easy and Mae Manee apps temporarily unavailable on select dates
SCB is upgrading its Easy App.
Bangkok Bank announces temporary closure of digital, payment services on 6 July
Debit and credit cards won’t be able to use their cards for transactions during the period.
Ant Group and Mastercard extend payments program to Chengdu, Chongqing
Tourist spending using Ant Group’s digital payments rose 13-fold in the two cities.
UOB winds down digital credit assessment subsidiary
It had promised to invest S$12m on Avatec when it launched in 2018.
SG banks turn to upskilling as hiring sentiments turn ‘cautious’
Roles related to wealth advisory and anti-ML and fraud are most in demand.
Ant International acquires Dutch payment service provider MultiSafepay
Ant will integrate MultiSafepay into its subsidiary Antom.
China Citic Bank’s green finance moves require more finesse
It aligns with international frameworks, but some have indirect ties to fossil fuels.
Hong Kong IPO market plummets to lowest in two decades
IPOs in Hong Kong only raised $1.5b to date, 35.2% lower than in H1 2023.
Thriving with Basel III: Advanced Credit Risk Solutions for Malaysian Banks
The need for advanced and real-time credit risk solutions has become increasingly crucial, says Nicholas Lim.
Mortgage applications in HK fall 16.1% in May
However, the value of mortgages approved rose by 8.8%, according to official data.
Total deposits in Hong Kong up 1.1% in May
Loans registered a decline, however, according to central bank data.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
