Frances Gagua
UOB winds down digital credit assessment subsidiary
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.
Techcombank's AI push delivered 52 million financial insights in 2023
The bank said it has given 52 million personalised financial advice to customers.
Dah Sing Bank unveils multi-currency debit card
It covers 11 currencies and has no annual fee.
Silverlake Axis names Cass Goh as new CEO
Goh has been Silverlake Axis’ group deputy executive chairman since Oct 2023.
Taishin Bank and JCB launch card offering 3.8% rewards rate
JCB is offering a 5% rewards rate for all spending in Japan and in South Korea.
Overseas assets of South Korean banks up 3.5% to $210.19b in 2023
Assets increased in Japan, the US, and the UK.
SCB says Myanmar transactions unrelated to arms trade claims
The Thai bank said that it conducted an internal investigation.
Interest rates of new deposits, loans in South Korea rise in May
However, the overall average of outstanding loans fell.
Malaysia float new req’s to lower costs of basic banking services
The central bank is inviting written feedback on the draft policy document.
MUFG Bank invests in sustainable aviation fuel company
LanzaJet is reportedly planning to build SAF manufacturing plants in Japan.
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1. How Danantara’s plan to acquire BRIS will impact four Indonesian banks 2. SG digital banks expand into investments and loans to boost profits 3. Singapore's banks leave more jobs unfilled as hiring slows 4. Mizuho has given out JPY40.3t in sustainable finance loans in 5 years 5. Ant International eyes stablecoin licenses in Hong Kong, Singapore: reportResource Center
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
