Asian Banking & Finance
8 in 10 Singaporeans approve of proposed phishing scam accountability framework: poll
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Over 4 in 5 says that financial institutions should be held most accountable for scams.
8 in 10 Singaporeans approve of proposed phishing scam accountability framework: poll
Over 4 in 5 says that financial institutions should be held most accountable for scams.
Alipay+ now accepted at PayNet’s DuitNow QR merchants in Malaysia
Alipay+ will add more partners in the near future.
OCBC extends S$16m green-linked loan to textile and apparel company Ghim Li
The loan was made through the ESGpedia platform.
Singapore fintechs expand footprint in Australia through Project Lorikeet
The initiative aims to boost fintech trade and investment between Singapore and Australia.
Citi sells $3.6b China consumer wealth portfolio to HSBC
The deal does not include the bank’s institutional business.
DBS net profit up 18%; 48 cents interim dividend announced
Citi Taiwan contributed S$10b in loans.
Visa launches updated security roadmap for Hong Kong
Amongst initiatives include reduction of SMS OTP reliance and adoption of tokenisation.
MAS and Bank Indonesia extend bilateral financial arrangement until 2024
The agreement between both central banks was extended to 2 November 2024.
IRDAI assembles taskforce for bancassurance
The share of banks as corporate agents was 5.93% of non-life insurance and 17.44% of new business premiums in 2022-23.
BOCHK net income up 20.8% to US$6.21b in 9M 2023
Net interest margin rose 36 basis points during the first nine months of 2023.
No changes to Hang Seng Bank’s HKD prime lending rate
Its HKD savings deposit rates also remain unchanged.
Bank of China Hong Kong keeps HKD prime rate, deposit rate steady
Savings accounts with over HK$1m will enjoy a 0.001% pa additional bonus rate.
Zurich acquires 51% stake in Kotak Mahindra Bank's general insurance arm
The insurer said it plans to buy 19% more in the future.
DBS apologises for digital bank disruptions, to dock senior management pay
The bank is allotting a special budget of S$80m to enhance its system resiliency.
[English] Test HDFC Bank names new chief of internal vigilance
![[English] Test HDFC Bank names new chief of internal vigilance](https://cmg-qa.s3.ap-southeast-1.amazonaws.com/s3fs-public/styles/article_small_767/public/2024-02/testing-1-3337906451_0.jpg?VersionId=7yhStVDLyjMyYk2FKKpx3HvQfGn1wdJW&h=626141fd&itok=IS4bKPWf)
Sachin Suryakant Rane was a senior police inspector before joining the bank.
DBS prohibited from buying new businesses or closing branches for 6 months
MAS will review progress after six months and may choose to extend the measures.
Highlights
Highlights
![[English] Greenwashing in banking: real concern or overblown issue?](https://cmg-qa.s3.ap-southeast-1.amazonaws.com/s3fs-public/styles/highlights/public/2024-02/testing-1-3337906451_2.jpg?VersionId=oCWlLtBENKJyP9MI3eyDdCXfzsNkHHS4&h=72c35622&itok=fmAGJq1K)
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![[English] Greenwashing in banking: real concern or overblown issue?](https://cmg-qa.s3.ap-southeast-1.amazonaws.com/s3fs-public/styles/exclusive_767/public/2024-02/testing-1-3337906451_2.jpg?VersionId=ecFAu7KsBMgBJ_f6eMLe84Qh0rw.51wm&h=72c35622&itok=E4vZLSaG)
![[English] Greenwashing in banking: real concern or overblown issue?](https://cmg-qa.s3.ap-southeast-1.amazonaws.com/s3fs-public/styles/exclusive_featured_article/public/2024-02/testing-1-3337906451_2.jpg?VersionId=WyoMTN1i6vPxFN0CKuRMKZZ4SfVe0t_s&h=72c35622&itok=RipieycE)
Lending & Credit
[English] Greenwashing in banking: real concern or overblown issue?
Reputational risks abound for those who drag their feet about sustainability or engage in greenwashing.
Banking Technology
How can financial institutions build customer loyalty in the modern era?
![How can financial institutions build customer loyalty in the modern era?]()
![How can financial institutions build customer loyalty in the modern era?]()
It’s no longer just about giving perks, but about offering experiences, industry leaders said.
Banking Technology
PH digital bank CEOs tout marketing, mindset, partnerships to disrupt banking
![PH digital bank CEOs tout marketing, mindset, partnerships to disrupt banking]()
![PH digital bank CEOs tout marketing, mindset, partnerships to disrupt banking]()
They made use of their old payments model and partnerships to scale operations.
Banking Technology
Philippines on track to meet digital payments goal: central bank
![Philippines on track to meet digital payments goal: central bank]()
![Philippines on track to meet digital payments goal: central bank]()
Nearly 4 in 10 Filipinos now have e-money accounts, says Deputy Governor Tangonan.
Branch Banking
BPI eyes shifting branch agent role from transactions to advisory: exec
![BPI eyes shifting branch agent role from transactions to advisory: exec]()
![BPI eyes shifting branch agent role from transactions to advisory: exec]()
President and CEO TG Limcaoco said that BPI wants their branch agents to spend 70% of their time offering advice to clients.
Why the bank of the future is not really a bank
![Why the bank of the future is not really a bank]()
![Why the bank of the future is not really a bank]()
ANEXT Bank’s Toh Su Mei reveals how they are reimagining banking for small and medium enterprises.
Banking Technology
How tech disruption, branding innovation are shaping the future of finance: analysts
![How tech disruption, branding innovation are shaping the future of finance: analysts]()
![How tech disruption, branding innovation are shaping the future of finance: analysts]()
The afternoon sessions of ABF Summit 2023 saw analysts and bankers explore why tech and marketing are important to financial institutions.
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Top News
8 in 10 Singaporeans approve of proposed phishing scam accountability framework: poll
![]()
Over 4 in 5 says that financial institutions should be held most accountable for scams.
8 in 10 Singaporeans approve of proposed phishing scam accountability framework: poll
Over 4 in 5 says that financial institutions should be held most accountable for scams.
Alipay+ now accepted at PayNet’s DuitNow QR merchants in Malaysia
Alipay+ will add more partners in the near future.
OCBC extends S$16m green-linked loan to textile and apparel company Ghim Li
The loan was made through the ESGpedia platform.
Singapore fintechs expand footprint in Australia through Project Lorikeet
The initiative aims to boost fintech trade and investment between Singapore and Australia.
Citi sells $3.6b China consumer wealth portfolio to HSBC
The deal does not include the bank’s institutional business.
DBS net profit up 18%; 48 cents interim dividend announced
Citi Taiwan contributed S$10b in loans.
Visa launches updated security roadmap for Hong Kong
Amongst initiatives include reduction of SMS OTP reliance and adoption of tokenisation.
MAS and Bank Indonesia extend bilateral financial arrangement until 2024
The agreement between both central banks was extended to 2 November 2024.
IRDAI assembles taskforce for bancassurance
The share of banks as corporate agents was 5.93% of non-life insurance and 17.44% of new business premiums in 2022-23.
BOCHK net income up 20.8% to US$6.21b in 9M 2023
Net interest margin rose 36 basis points during the first nine months of 2023.
No changes to Hang Seng Bank’s HKD prime lending rate
Its HKD savings deposit rates also remain unchanged.
Bank of China Hong Kong keeps HKD prime rate, deposit rate steady
Savings accounts with over HK$1m will enjoy a 0.001% pa additional bonus rate.
Zurich acquires 51% stake in Kotak Mahindra Bank's general insurance arm
The insurer said it plans to buy 19% more in the future.
DBS apologises for digital bank disruptions, to dock senior management pay
The bank is allotting a special budget of S$80m to enhance its system resiliency.
[English] Test HDFC Bank names new chief of internal vigilance
Sachin Suryakant Rane was a senior police inspector before joining the bank.
DBS prohibited from buying new businesses or closing branches for 6 months
MAS will review progress after six months and may choose to extend the measures.
Partner Content
Partner Content
Highlights
Highlights
Exclusives
Lending & Credit
[English] Greenwashing in banking: real concern or overblown issue?
Reputational risks abound for those who drag their feet about sustainability or engage in greenwashing.
Banking Technology
How can financial institutions build customer loyalty in the modern era?
![How can financial institutions build customer loyalty in the modern era?]()
![How can financial institutions build customer loyalty in the modern era?]()
It’s no longer just about giving perks, but about offering experiences, industry leaders said.
Banking Technology
PH digital bank CEOs tout marketing, mindset, partnerships to disrupt banking
![PH digital bank CEOs tout marketing, mindset, partnerships to disrupt banking]()
![PH digital bank CEOs tout marketing, mindset, partnerships to disrupt banking]()
They made use of their old payments model and partnerships to scale operations.
Banking Technology
Philippines on track to meet digital payments goal: central bank
![Philippines on track to meet digital payments goal: central bank]()
![Philippines on track to meet digital payments goal: central bank]()
Nearly 4 in 10 Filipinos now have e-money accounts, says Deputy Governor Tangonan.
Branch Banking
BPI eyes shifting branch agent role from transactions to advisory: exec
![BPI eyes shifting branch agent role from transactions to advisory: exec]()
![BPI eyes shifting branch agent role from transactions to advisory: exec]()
President and CEO TG Limcaoco said that BPI wants their branch agents to spend 70% of their time offering advice to clients.
Why the bank of the future is not really a bank
![Why the bank of the future is not really a bank]()
![Why the bank of the future is not really a bank]()
ANEXT Bank’s Toh Su Mei reveals how they are reimagining banking for small and medium enterprises.
Banking Technology
How tech disruption, branding innovation are shaping the future of finance: analysts
![How tech disruption, branding innovation are shaping the future of finance: analysts]()
![How tech disruption, branding innovation are shaping the future of finance: analysts]()
The afternoon sessions of ABF Summit 2023 saw analysts and bankers explore why tech and marketing are important to financial institutions.
Event News
Event News
OCBC shines at ABF Wholesale Banking Awards, Retail Banking Awards
![OCBC shines at ABF Wholesale Banking Awards, Retail Banking Awards]()
Co-Written / Partner
Amongst other accolades, the bank bagged the China International Trade Finance Bank of the Year award as well as its 13th consecutive ASEAN SME Bank of the Year award, attesting to the strength of its extensive ASEAN-Greater China franchise.
Amongst other accolades, the bank bagged the China International Trade Finance Bank of the Year award as well as its 13th consecutive ASEAN SME Bank of the Year award, attesting to the strength of its extensive ASEAN-Greater China franchise.
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OCBC shines at ABF Wholesale Banking Awards, Retail Banking Awards
![OCBC shines at ABF Wholesale Banking Awards, Retail Banking Awards]()
Co-Written / Partner
Amongst other accolades, the bank bagged the China International Trade Finance Bank of the Year award as well as its 13th consecutive ASEAN SME Bank of the Year award, attesting to the strength of its extensive ASEAN-Greater China franchise.
Amongst other accolades, the bank bagged the China International Trade Finance Bank of the Year award as well as its 13th consecutive ASEAN SME Bank of the Year award, attesting to the strength of its extensive ASEAN-Greater China franchise.
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