News
Lower mortgage rates may have slight effect on Chinese banks and RMBS: Fitch Ratings
Policy adjustments to lower mortgage rates on existing loans could pressure Chinese banks' net interest margins and profitability.
India’s card payments to triple in size by 2027: GlobalData
It is expected to triple in size to $728.2b in 2027 from last year’s $262.1b.
Fintech funding slows to 10-year low as investors tout quality over quantity
Asian fintechs clinched US$5.1b in investments in H1, lower than $45b in H1 2022.
Citi Global Wealth unveils ULTIMA credit card for private bank clients
Singapore’s UHNW clients’ spending outpaced pre-pandemic spending by 56%.
Vietnam banks may face challenges in paying back real estate loans: S&P
7% of Vietnam banks’ loan portfolios come from property loans.
OCBC, UnionPay bolster cross-boundary digital payment feature
Customers can make payments from their OCBC accounts of up to S$1,000 daily.
Singaporeans need to save for 27 years to achieve financial freedom: Singlife
1 in 4 Lion City residents have savings of less than $1,000 per month, below the average S$1,733.
Luxury travel retailer DFS taps Alipay+ to offer cross-border payments for Asian travellers
DFS and Alipay are also developing other membership offers and rewards.
Hong Leong Bank, JCB, Soft Space drive JCB card use in Malaysia
Sofitel Kuala Lumpur Damansara has begun accepting JCB card payments.
Mizuho Financial Group reports $1.71b in profits for Q1 FY2023
Net income per share of common stock is JPY96.75 for the quarter.
HSBC’s records $12.9b pre-tax profit for H1
This is $12.9b higher compared to the first six months of 2022.
Hang Seng Bank’s profits up 79% in H1; HK$1.1 per share interim dividend declared
Operating profit rose 67% compared to a year earlier.
MAS unveils revised framework to strengthen anti-ML controls in single family offices
There will be harmonised class exemption for SFOs who meet specific requirements.
Bank of China Hong Kong to conduct system maintenance in 6 August
Services affected include ATM transactions and the BOCHK website.
UnionDigitalBank, Capital A launch embedded finance services in the Philippines
Amongst services to be offered is the “Fly Now, Pay Later” flexible payment option.
China taps banks to bolster cross-border trade, offer financial support
Additional support will be provided for export-related credit insurance.
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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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