News
Grab-Singtel, iFAST apply for Malaysian digital bank license
Bank Negara Malaysia is expected to issue up to five licenses by Q1 2022.
Grab-Singtel, iFAST apply for Malaysian digital bank license
Bank Negara Malaysia is expected to issue up to five licenses by Q1 2022.
Singapore wealth platform Endowus gets backing from UBS, others
It will use the funds to expand in the country and in Hong Kong.
MUFG Bank appoints new head of project finance for Asia
David Uy first joined MUFG in 2018.
Philippines’ Landbank, UCPB to merge
Post-merger, the bank will have $55.4b in combined assets, reports local media.
Nomura Holdings loses 20 investment bankers in Asia: report
The resignations include their head of Greater China equity capital markets.
Weekly Global News Wrap: US Fed stress test clears banks for stock buybacks; EU leaders promise to complete banking union someday
And banking jobs in Frankfurt are falling despite boost from Brexit.
Philippine fintech firm Voyager raises $167m from Tencent, others
The firm has applied for a digital banking license in the country.
IFC grants $40m loan to Vietnam’s SeABank to expand SME lending
It’s the first phase of a $150m package for expanding SME lending, reducing greenhouse gas emissions.
Hongkongers optimistic about BaaS: study
42% said that their organisation have been deploying banking-as-a-service (BaaS) in the last 12 months.
Singapore investment banking fees up 9.3% in H1 2021
Overall announced M&A activity set the record for the highest semiannual period value-wise.
SEA banks’ asset quality visibility still cloudy amidst extended loan relief schemes
Non-performing loan ratios will likely peak only by end-2021 or 2022, when relief measures expire.
MUFG Bank inks MOU with Western Australia on renewables
The agreement also cover the sectors of energy, agribusiness, education, tourism and manufacturing.
Fave launches BNPL service in Singapore, Malaysia
FavePay Later offers interest-free flexible payments on the Fave app.
Indonesia mulls tightening fintech, P2P regulations
New regulations may include higher capital hurdles for P2P players.
Risks for Sri Lankan banks may rise when ISB investment suspension lifts: Fitch
Even with the suspension lifted, banks will still have difficulties accessing foreign currency funding.
Bank Neo Commercial, Arash Digital, Wallyt partner to boost digital payments in Indonesia
The bank will add more digital payment services.
Security Bank’s SB Finance launches Car4Cash in the Philippines
Car owners can gain access to as much as PHP2m.
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Why Philippine banks, insurers embrace hyper-personalized services
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