News
Chart of the Week: Vietnam’s card payments market to grow 24.1% in 2022
Chart of the Week: Vietnam’s card payments market to grow 24.1% in 2022
Strong anti-COVID measures allowed the market to reduce the pandemic’s impact.
Bad loans of Philippine alternative lenders to decrease in 2022: study
The rate of their bad loans has hovered around 10% to 10.5%.
ING appoints ex-Westpac senior director as head of real estate finance in Australia
Darren Beatty has worked for the institutional banking teams of Westpac and CBA.
Talent crunch threatens Hong Kong’s financial sector as expats flee: report
Inconveniences in overseas travelling may reportedly turn away much-needed talent.
OCBC implements anti-scam measures following increased phishing attacks
One measure is the removal of the clickable links in SMSes sent by the bank.
Weekly Global News Wrap: US banks closed 2,000+ branches in 2021; Morgan Stanley CEO pay raised to $35m
And Citi, BNP Paribas eye 7 February return-to-office date.
Indonesia’s big four banks’ asset qualities remain under pressure in 2022
The banks’ credit costs are sighted to remain elevated.
Hong Kong's ZA Bank can now offer investment services
The license will allow the bank to offer investment services.
Payments platform Yeahka is China’s top non-bank QR payment service
Transaction size reached $156.24b in 2021.
MAS, Bank Indonesia beef up bilateral cooperation
The institutions will collaborate on payments innovation projects amongst others.
South Korea mulls easing restrictions on investing in fintech: report
The country’s top regulator shared plans to enact a new law on the matter.
Chart of the Week: Indonesia’s card payments market to grow 10.7% in 2022
Growth will be driven by the rise of debit card use.
Mizuho submits business improvement plan following tech failures
Mizuho most recently saw disruptions to its corporate online bank services on 11 January.
Union Bank’s capital buffers to weaken following Citi purchase: analyst
Any potential earnings boost remain uncertain; whilst reduced capital will take years to rebuild.
Standard Chartered appoints Roel Louwhoff as chief of tech, operations, and transformation
He replaces current COO David Whiteing, who is moving back to Australia.
DBS to only send 'essential' SMEs to retail, wealth customers
The bank assured customers that it employs a multi-layered defence system against fraud.
Singapore launches new measures to bolster digital banking security
Banks are asked to remove links in emails and SMS sent to customers.