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Philippine banks need to update strategies for competitive advantage
Less than 10% of revenue is allocated to information technology.
Philippine banks need to update strategies for competitive advantage
Less than 10% of revenue is allocated to information technology.
Higher smartphone access needed to propel digital wallets use
Digital wallets are set to account for 61% of global ecommerce payments by 2027.
ANZ China’s outlook stable amidst strategic position
It is expected to maintain its capital buffer over the next two years.
Indonesia’s new loans rise in Q2
New loan disbursements are expected to further grow in Q3.
Thailand and Japan renew bilateral swap agreement.
The size of the BSA remains at $3b or its equivalent in yen.
Philippine central bank achieves digital retail payments target
As of 2023, 52.8% of monthly retail payments are made digitally.
Singapore’s cash use in POS to fall at just 7% by 2027: study
E-wallets will become Singaporeans’ payment method of choice.
SCBX reports 15.6% net profit decline in Q2
Economic growth fell short of expectations, SCBX’s CEO said.
UOB names Susan Hwee as head of group retail
Eddie Khoo to retire; Lawrence Goh is new head of GTO.
UOB to see 200 tonne-reduction in CO2e emissions with DHL pact
UOB’s international parcel deliveries will now use sustainable aviation fuel.
CashOn launches digital currency lending matching platform in Hong Kong
CashOn connects customers to licensed financial institutions.
DBS launches bond portfolio managed by BlackRock
Customers can invest for a minimum of $1,000 and a 0.6% annual management fee.
How CIMB used automation to raise staff productivity
CIMB automated 10 processes in 2023, equal to 17,000 man-hour savings.
HSBC, SBF to help Singapore businesses scale GBA, India, Middle East
HSBC launched a business guide and will offer net zero transition solutions.
PH central bank welcomes new anti-financial account scamming law
It authorises the BSP to investigate cases violating law, amongst others.
Techcombank’s pre-tax profits up 38.6% in H1
The bank added nearly 1 million new customers in Q2.
Philippine central bank rolls out Intraday Settlement Facility
The ISF is designed to support a paperless process.
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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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