News
China moves to cut capital requirements to ease bank lending
Parameters for macroprudential assessments may be lowered.
China moves to cut capital requirements to ease bank lending
Parameters for macroprudential assessments may be lowered.
Nine Philippine banks onboard electronic fund transfer system InstaPay
Around 18 more lenders are expected to use the platform by October.
Open banking loses steam in Australia with 3 in 5 consumers hesitant to share data
Consumers remain wary of banks in light of the damaging inquiry. Open banking is facing considerable headway in Australia as three in five banking consumers (66%) admitted that they remain unwilling to share their financial data with non-bank organisations or third party players, according to a survey by Accenture.
SingHealth breach lays bare Singapore banks' cybersecurity risk
Digital info depository MyInfo remains a key target.
Korea moves to ease banks' overseas expansion
Firms with questions about foreign expansion can soon reach out to the FSS.
Private Taiwanese players beat state counterparts in banking competitiveness
CTBC Bank topped the list.
Overdue property loans deals another blow to weakened Indian banks
Banks are struggling to recover around $20b of loans from developers.
China and India to intensify fintech oversight as risks mount
Fitch believes that the possibility of disruption is higher in these markets.
Thailand and Cambodia to launch QR code payment system
This will streamline the cross-border fund transfer process.
Australian banks rank lowest in global Q3 earnings outlook: UBS
The housing downturn is expected to weigh in on profitability.
Singaporeans ditch bank visits to go mobile
Mobile banking usage has now overtaken branch visits by 15%.
Weekly Global News Wrap Up: UBS profit hits $1.3b; Barclays eyes India return
And Italy's Banca Carige is under investigation for market rigging.
Chart of the Week: Will the HSR cancellation dampen Malaysian banks' loan growth?
The downturn may even offset the strong performance of household loans.
Singapore banks urged to tighten verification processes after SingHealth attack
Financial institutions are discouraged from relying on the stolen information for customer verification.
Philippine banks tie up with Bank of China to launch peso-renminbi spot market
Individuals can soon change renminbi into peso and vice versa.
Thai banks weather digital fee waiver after profits climb 21% to $963m in Q2
Krung Thai Bank’s net profit more than doubled to $230.08m.
India to close a third of overseas public sector bank branches
Around 70 foreign branches may be shuttered by end 2018.
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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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