News

UOB invests $200m in digital innovation, aims to double wealth fee income by 2025

The bank has launched SimpleInvest, where clients can begin investing for as low as $100.

UOB invests $200m in digital innovation, aims to double wealth fee income by 2025

The bank has launched SimpleInvest, where clients can begin investing for as low as $100.

Pandemic pushes banks to adapt hybrid set-up for transaction banking services

BPI's John-C Syquia and FinServ Solution's Andre Lee discuss the latest trends in transaction banking.

Central American development bank to open Seoul office: report

The bank has the goal of opening the office within 2021.

South Korea mulls cashbacks for credit card spending to boost consumption

The government reportedly plans to set the ceiling of cash back rewards per person.

Chart of the Week: Japan’s credit card payments to grow 9.2% in 2021

Easing of restrictions, government support, and the Olympics will support growth.

HSBC unveils new online trading platform for private bank clients in Asia

Clients can buy and sell securities in 10 markets worth up to US$10m daily.

HSBC aims to be Asia’s top wealth manager in five years: report

HSBC’s Trista Sun expects 500 million middle class Chinese by 2025.

People’s Bank of China to issue RMB5b Bills

It will be issued through HKMA’s Central Moneymarkets Unit.

OCBC appoints Lim Khiang Tong as new Group Chief Operating Officer

He will lead the bank’s use of technology, data, and design to develop financial solutions.

Baiduri Bank’s margins likely tepid in 2021, but with profits satisfactory: S&P

The bank is expected to see moderate credit growth and satisfactory profits.

Philippines’ Security Bank celebrates 70th year anniversary

The bank has launched the “Better Banking” brand campaign to complement this.

Seven in 10 Singaporeans unsatisfied with generic bank credit offers: study

Almost four-fifths (76%) of Singaporean consumers are not satisfied with generic credit offers from their banks, with 24% willing to offer more information in exchange for better rates or lower fees, a FICO study revealed.

Growing exodus of junior bankers poses talent shortage for banks in Asia: report

Even raises of up to 30% has failed to stop junior investment bankers from leaving.

UOB renames YOLO credit card to UOB EVOL card

Targeting Gen Z customers, the card offers 8% cashback on online purchases.

Citi APAC appoints former EY partner to head Spring by Citi

Lloyd will be responsible for leading the bank’s newest TTS digital payment solution.