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Global body eyes broader use of unique ID by SMEs
Global body eyes broader use of unique ID by SMEs
Cross-border payments, supply chain and trade, and ESG will drive greater adoption.
Mizuho Bank absorbs subsidiary to streamline operations
This aims to enhance the bank's call centres and online services.
HKMA launches digital bond grant scheme to boost digital securities market
Issuers of eligible digital bonds may receive a maximum grant of $2.5m.
UOB, SGE ink MoU to deepen gold market cooperation
UOB is the only bank providing gold products in Singapore.
China's financial sector intensifies efforts to stabilise economy
The transformation of the monetary policy framework has also accelerated.
Bank Central Asia's net profit climbs to $2.9b in 9M 2024
Net interest income grew by 9%, reaching $4b.
India, Maldives ink deal to promote local currencies for cross-border trade
Both countries aim to reduce costs and expedite settlement times for transactions.
Taiwanese banks' loans to SMEs reach $314.57b in September
The average non-performing loan ratio of SME loans was 0.22%.
Taiwan's effective credit cards reach 58.6 million in September
The balance of revolving credit was $20.25m.
South Korean banks' income falls by 13.9% to $4.43b in Q3 2024
Return on assets stood at 0.65%.
Morgan Stanley opens Southeast Asia headquarters in Singapore
It spans 107,000 sq ft across five floors.
New Zealand's credit and charge card payments market to reach $39.6b by 2028
This is thanks to the consumer shift towards electronic payments.
Philippine National Bank's net profit rises to $257.1m in 9M 2024
Earnings per share stood at $0.17.
Maybank Singapore taps PracBiz to streamline supply chain finance
The partnership targets businesses in the fast-moving consumer goods sector.
OCBC launches near-instant P2P transfers to WeChat Pay and Alipay
It also aims to expand the service in Indonesia and the Philippines by 2026.
Australian banks' credit risk rises amidst high debt, economic uncertainty
National Australia Bank reported an 8.1% decline in cash earnings.
Standard Chartered and Wise Platform team up to enhance SC Remit
Through this partnership, users can send funds in 21 currencies.
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1. CIMB Philippines says fund transfer issue ‘resolved’ 2. UOB inks MOU with Accenture for AI adoption and application 3. Cambodia and Japan enable QR code payments between the two countries 4. HSBC group chairman Mark Tucker announces retirement 5. Standard Chartered appoints Noelle Eder as group head of tech & operationsResource Center
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