Vienna Verzo

The banking sector in Singapore has shown signs of expansion, with loan growth rising to approximately 5% in 2024.

Banks, insurers, and asset managers in Asia Pacific (APAC) could soon be faced with a partial transition of new wealth flows to WealthTechs. What can they do before it is too late?

Imagine a future where your bank is not just a financial institution but a sentient, adaptive entity that anticipates your every financial need before you even realise it. 

The Philippines’ biggest fintech platform is targeting the retail sector.

Non-performing loans of these banks totalled $1.98b, reflecting a $50m decrease.

The growth targets for credit institutions will be determined based on their 2023 ratings.

It issued a cease and desist order from loan sanctioning in October 2024.

Network tokenisation's role in securing digital payments will drive merchant adoption.

Card scheme operators have implemented the 3-D Secure protocol for added security.

It is expected to see pressures on profit growth and uneven expansion.

It offers funding of up to $5m, with tenor extending up to six months.

The bank has reported the incident to the Hong Kong Monetary Authority.

In 2024, OCBC supported about 260 new mid-sized enterprises to set up shop in Malaysia.

In emerging markets, digital wallets are evolving into bank account substitutes.

ABS advised customers to change their login passwords if they are using their NRIC number.

The largest expected bonus increases are projected for professionals in private credit.