News
South Korea’s central bank unveils system for verifying AI use in credit scoring
Credit bureaus will be supervised under this new verification system.
South Korea’s central bank unveils system for verifying AI use in credit scoring
Credit bureaus will be supervised under this new verification system.
Alternative payments account for 43.3% of e-commerce purchases in Hong Kong
Over 90% of Hong Kong consumers have shopped online over the past 6 months.
MAS chief Ravi Menon set to step down in 2023: report
Chia Der Jiun is tipped to be the next managing director of Singapore’s central bank.
VPBank’s stake sale to SMBC to uplift its capital, balance growth plan
But “aggressive” growth plan, real estate sector woes will weigh on asset quality.
Hang Seng cautions clients against phishing scams and fraudulent websites
Phishing messages can steal users' personal details through prompted links to fake websites.
OCBC and SG police force prevent scam losses worth S$12.6m
About 700 victims were safeguarded from potential loss.
Bank of Ayudhya’s profitability recovers to pre-pandemic levels
Bad loans are expected to stay at a ratio of 3% over the next 12 to 18 years.
UOB sets new tech and innovation hub in Punggol Digital District
This is the first Singapore local bank to establish a presence in the district.
UOB and Lazada partner for better commerce payments in SEA
This is their first cross-industry collaboration.
Global fintech funding down in 2022: S&P
S&P Global expects fintech funding to rebound in 2023
Hong Kong new-to-credit market tread path to recovery
The city reported 127,000 NTC customers in 2021.
Household loans extended by South Korean banks shrank for third straight month: report
High borrowing costs lowered demand.
MAS gives IPA to Volopay for MPI license
Volopay’s payment services will be regulated under the Payment Services Act.
ADB and GEAPP commit $35m towards clean energy
The partnership targets to have clean energy access and transitions within South and Southeast Asia.
BPI launches refreshed mobile app
New clients can open an account within five minutes with just one valid ID.
MAS did not direct banks to 'avoid discussing origins of wealth inflows': PBIG
PBIG said that the sources of wealth inflows into Singapore “remain diversified.”
Standard Chartered, IFC ink $700m investment to boost global trade
Since 2009, the programme has supported over $20.5b worth of transactions.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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