Retail Banking
Taiwan’s FSC fines Taishin International Bank $310k over improper payment collection
The bank had failed to establish proper internal control systems
Taiwan’s FSC fines Taishin International Bank $310k over improper payment collection
The bank had failed to establish proper internal control systems
Taiwan regulator fines Bank SinoPac $570k over regulatory rules breach
The FSC also ordered the bank to suspend its president for three months.
Australian regulator removes CBA’s operational risk capital add-on
The add-on was initially set at $650m.
BEA launches digitised mortgage application services
Customers who apply for a $380k or above mortgage can get a cash rebate of up to 1.9%.
Bank of China warns public of fraud website
The fake website has been reported to the regulator and the Hong Kong police.
OCBC launches learners programme for the elderly
The programme aims to teach senior citizens how to use digital banking and avoid scams.
Hang Seng Bank raises prime rate to 5.125%
HK dollar savings deposit rates with balances of HK$5,000 and above is now 0.125% pa.
APAC banking markets to tighten macroprudential policies in 2023: Fitch
Malaysia and Thailand will take steps to strengthen their mortgage sectors, said Fitch.
South Koreans’ internet banking use up 6.9% in H1
There are about 18.82 million use cases per day in Korea.
UNO Digital Bank sets its sights on being Filipinos' top virtual bank
CEO Manish Bhai said they want to be first for their Filipino customers’ financial needs.
APAC banks won’t be severely hit once Basel III regime implemented: Fitch
Jurisdictions such as Vietnam, Sri Lanka, are lagging behind with adoption.
St. George Bank tops Australian banks in digital experience net satisfaction: study
Auswide Bank received a negative net satisfaction score for their range of digital products.
HSBC names Sharnika Silva as SEA head of trust and fiduciary services
She has worked with HSBC Trustee for 15 years.
Australian regulator grants IN1Bank a second extension on restricted ADI license
The digital bank is still aiming to get a full license by the end of the year.
Weekly Global News Wrap: Citi to divest Mexico consumer arm via sale or IPO; Wells Fargo hires third-party race auditor
And China’s homeowners rush to offload mortgages.
HDBank’s plan to buy unnamed “weak bank” to weaken loss buffers: Moody’s
Little is known about the target bank and what incentives Vietnamese authorities offer.
Citi, Yahoo launch personal finance hub Life and Money
It is hosted on Yahoo Finance in Singapore.
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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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