News
South Korea’s deposit, loan interest rates rose in May
Average interest rate for new deposits rose 15 basis points from April.
South Korea’s deposit, loan interest rates rose in May
Average interest rate for new deposits rose 15 basis points from April.
Is Hong Kong’s role as offshore financial center under threat?
Inflows from Mainland China will support the city, but issues are challenging this role.
BRImo superapp offers digital account opening for Bank Raya
The gig economy-focused digital bank now has over 700,000 users.
DBS vs OCBC: Which bank will be the bigger winner from an upcycle in interest rates?
An analyst said one of the banks will have an earnings growth of 15.9% in 2023.
Australian regulator revokes Citigroup’s banking license
This follows after CPL’s consumer banking business was acquired by NAB.
Dah Sing Bank approved to open new Shenzhen Branch
Establishment of the new branch is slated for early 2023.
HK businesses see 50% increase of bad debt write-offs: study
Almost half of the total value of business-to-business invoices was overdue.
HSBC renews bancassurance partnership with Allianz
It will cover six markets, with HSBC and Allianz offering life and non-life products.
Citi names sole head of equity capital markets for Australia and New Zealand
Jahrling joined Citi as co-head of ECM in 2021.
DBS raises fixed home loan rate, scraps 5-year fixed package: report
The new rate is 0.03 percentage points higher than the previous 2-year fixed rate.
Bank of China HK, Mastercard launch eco-friendly BOC Chill Card
The card offers up to 10% cash rebate and Pay Later options.
Taiwan’s B2B sector sees bad debt triple
The local chemicals industry has as high as 12% of B2B debt turning sour.
South Korea’s kakaobank “most recommended” retail bank in APAC: survey
Indonesia’s BCA and StanChart Taiwan also topped the list.
ESG, Sustainability, AI, and NFTs discussed at ABF Summit 2022
Financial service institutions are hurtling towards a new frontier in the financial industry, navigating drastic changes in regulations and customer demand, new sustainability-related risks, and intensifying competition.
BCG, ServiceNow, Collinson & HomeCredit on why lenders have zoned in on monitoring technology, loyalty as key to future of industry
Technology is very much one if not the most influential factor rapidly transforming the financial services industry, with decentralized finance and buy now pay later being key focus areas, according to the analysts and market leaders taking part in the first panel of the Asian Banking & Finance Summit 2022.
Malaysia’s Fynance launch pay later services for corporates
Users can gradually replay in flexible installments.
Banks’ tech risks intensifies as digitization ramps up: Fitch
Tech failures will have significant reputational and regulatory consequences for banks.
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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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