Xander Ceballos
Deutsche Bank partners with finaXai on token fund servicing
Deutsche Bank partners with finaXai on token fund servicing
It will assess the integration of machine learning and large language models into asset servicing workflows.
RCBC posts ₱1.517t in assets in strong Q1 2025 performance
The report showed a QoQ increase in both solo and consolidated assets. On a solo basis, RCBC’s total assets rose to ₱1.509t.
CIMB pledges S$2.98b to support Johor-Singapore SEZ
The platform offers tailored support services including fast-track account setup, regulatory guidance, and banking solution.
India’s credit card spend slumps 9% MoM to 7-month low
Whilst spending grew 12% YoY, the pace of growth has slowed compared to previous months.
Finance workers expose data by using personal apps: report
ChatGPT ranked 8th amongst the most common platforms for such violations.
Singapore banks face margin squeeze despite strong results: Moody’s
Looking ahead to 2025, Moody’s said banks may expect mid- to high-single-digit loan growth.
HK credit card receivables rebound 7.9% to $162.2b in Q4 2024
The combined delinquent and rescheduled ratio remained stable at 0.4% at the end of Q4.
EBANX secures MPI license approval in principle
This approval enables EBANX to offer a comprehensive range of payment services in Singapore.
Standard Chartered named banking partner for StraitsX stablecoins
The partnership aims to enhance the reserve management of StraitsX’s stablecoins.
Nearly 90% of Singapore banks lose clients due to onboarding delays
Singaporean banks have been experiencing the highest client losses worldwide due to Know Your Customer (KYC) inefficiencies.
HKMA, AMCM unveil direct linkage for cross-border bond investment
This initiative aims to promote the development of bond markets in both regions.
Hong Kong leads APAC loan market with US$113.3b in 2024
Offshore loans for Chinese corporates drove Hong Kong’s loan volume, totalling to US$66.7b or a 19.5% increase compared to 2023.
Singapore loan market sees nearly 49% growth in 2024
Key driver was the borrowing activity by commodities firms, which accounted for US$18.4b or 23% of the total loan volume
MAS issues 14-year prohibition orders against Loh Sheng Yang
Yang was convicted of cheating, forgery, and acquiring criminal benefits.
State Bank of India taps SG-based APIX for fintech innovation platform
The platform will provide access to over 250 financial service APIs.
Commentary
Young Malaysians, big money mistakes: What’s going wrong with Islamic financial behaviour?