Asian Banking & Finance

APAC leads global surge in digital wallet adoption
^ "https://vimeo.com/946081196"
Digital wallets in Asia-Pacific outpace global usage, driven by ecosystem integration, financial inclusion, and technological innovation.
Japan’s MUFG invests $5.9m in Hitachi to launch 1,000 e-buses in the UK
The two will make business models enabling operators to clinch EV funding.
India’s central bank names new executive director
Shri R. Lakshmi Kanth Rao was previously a head at the department of regulation.
Chinese banks’ net profits down 0.81% in Q1
Fees contracted for the first time in 5 years a quarter earlier.
UOB Hong Kong appoints Mark Tan as head of internal audit
Tan will oversee all audit functions for UOB Hong Kong.
Japan’s Sumitomo Mitsui mulling stock split
It has not yet decided whether to push through or not, however.
Sumitomo Mitsui Card offers 1.98% merchant fees to SMEs
SMEs in Osaka will also be able to avail of an android terminal for free.
South Korea warns against loan scams using voice phishing
Such scams are expected to rise with banks’ launching assistance programs.
Household loans by South Korean banks rise in April
A series of IPOs in April and May helped push up credit loan volumes.
Malaysia, South Korea renew their bilateral swap agreement
The swap arrangement can be further extended via mutual agreement.
Atome’s BNPL debuts on Taobao Singapore
Every Saturday, Atome shoppers can enjoy a $12 off for a $120 minimum spend.
Shell companies and crypto propel money laundering risks in APAC
Trade-based ML is also on the rise, warned Forrester in its new report.
Mizuho Financial Group publishes impact business policy
The policy defines the bank’s course of action on impact-driven businesses.
Insurers turn to private markets for higher returns
^ "https://vimeo.com/944322356"
Amidst economic uncertainty, insurers seek diversification and higher returns through private market investments.
MAS appoints trade minister Gan Kim Yong as new chairman
He will be replacing DPM Lawrence Wong.

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Exclusives

Exclusives

Lending & Credit Why banks need fintechs to buoy loan growth
Loan demand has doubled in Singapore, and fintechs can help onboard quality clients.
Banking Technology Why tech is not the focal point of banks’ digital transformations
About 70% of digital transformations fail, an industry expert warned.
Cards & Payments How banks should rethink pricing
It’s not just about how much customers pay but also what benefits they get.
Cards & Payments Zed challenges banking norms with no interest, forward-looking credit card
The soon-to-be-launched card will underwrite based on present and future income, not just past financial records.
Banking Technology Why tokenization and funding are two key issues for financial disruptors in 2024
HSBC's Vincent Lau a lineup of 250 speakers to discuss these at Money 20/20 Asia.
Investment Banking Techcombank’s Prasenji Chakravarti lays bare their ESG strategy
The bank is transforming its IT infrastructure to better process green data.
Retail Banking Banks grapple through era of disruption by being the disruptor
Companies are facing not just tech transformations but also shorter skill lifespans for their workforce.

Top News

APAC leads global surge in digital wallet adoption
^ "https://vimeo.com/946081196"
Digital wallets in Asia-Pacific outpace global usage, driven by ecosystem integration, financial inclusion, and technological innovation.
Japan’s MUFG invests $5.9m in Hitachi to launch 1,000 e-buses in the UK
The two will make business models enabling operators to clinch EV funding.
India’s central bank names new executive director
Shri R. Lakshmi Kanth Rao was previously a head at the department of regulation.
Chinese banks’ net profits down 0.81% in Q1
Fees contracted for the first time in 5 years a quarter earlier.
UOB Hong Kong appoints Mark Tan as head of internal audit
Tan will oversee all audit functions for UOB Hong Kong.
Japan’s Sumitomo Mitsui mulling stock split
It has not yet decided whether to push through or not, however.
Sumitomo Mitsui Card offers 1.98% merchant fees to SMEs
SMEs in Osaka will also be able to avail of an android terminal for free.
South Korea warns against loan scams using voice phishing
Such scams are expected to rise with banks’ launching assistance programs.
Household loans by South Korean banks rise in April
A series of IPOs in April and May helped push up credit loan volumes.
Malaysia, South Korea renew their bilateral swap agreement
The swap arrangement can be further extended via mutual agreement.
Atome’s BNPL debuts on Taobao Singapore
Every Saturday, Atome shoppers can enjoy a $12 off for a $120 minimum spend.
Shell companies and crypto propel money laundering risks in APAC
Trade-based ML is also on the rise, warned Forrester in its new report.
Mizuho Financial Group publishes impact business policy
The policy defines the bank’s course of action on impact-driven businesses.
Insurers turn to private markets for higher returns
^ "https://vimeo.com/944322356"
Amidst economic uncertainty, insurers seek diversification and higher returns through private market investments.
MAS appoints trade minister Gan Kim Yong as new chairman
He will be replacing DPM Lawrence Wong.

Exclusives

Lending & Credit Why banks need fintechs to buoy loan growth
Loan demand has doubled in Singapore, and fintechs can help onboard quality clients.
Banking Technology Why tech is not the focal point of banks’ digital transformations
About 70% of digital transformations fail, an industry expert warned.
Cards & Payments How banks should rethink pricing
It’s not just about how much customers pay but also what benefits they get.
Cards & Payments Zed challenges banking norms with no interest, forward-looking credit card
The soon-to-be-launched card will underwrite based on present and future income, not just past financial records.
Banking Technology Why tokenization and funding are two key issues for financial disruptors in 2024
HSBC's Vincent Lau a lineup of 250 speakers to discuss these at Money 20/20 Asia.
Investment Banking Techcombank’s Prasenji Chakravarti lays bare their ESG strategy
The bank is transforming its IT infrastructure to better process green data.
Retail Banking Banks grapple through era of disruption by being the disruptor
Companies are facing not just tech transformations but also shorter skill lifespans for their workforce.

Join the Asian Banking & Finance community