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Weekly Global News Wrap: US Fed stress test clears banks for stock buybacks; EU leaders promise to complete banking union someday
Weekly Global News Wrap: US Fed stress test clears banks for stock buybacks; EU leaders promise to complete banking union someday
And banking jobs in Frankfurt are falling despite boost from Brexit.
Philippine fintech firm Voyager raises $167m from Tencent, others
The firm has applied for a digital banking license in the country.
IFC grants $40m loan to Vietnam’s SeABank to expand SME lending
It’s the first phase of a $150m package for expanding SME lending, reducing greenhouse gas emissions.
Hongkongers optimistic about BaaS: study
42% said that their organisation have been deploying banking-as-a-service (BaaS) in the last 12 months.
Singapore investment banking fees up 9.3% in H1 2021
Overall announced M&A activity set the record for the highest semiannual period value-wise.
SEA banks’ asset quality visibility still cloudy amidst extended loan relief schemes
Non-performing loan ratios will likely peak only by end-2021 or 2022, when relief measures expire.
MUFG Bank inks MOU with Western Australia on renewables
The agreement also cover the sectors of energy, agribusiness, education, tourism and manufacturing.
Fave launches BNPL service in Singapore, Malaysia
FavePay Later offers interest-free flexible payments on the Fave app.
Indonesia mulls tightening fintech, P2P regulations
New regulations may include higher capital hurdles for P2P players.
Risks for Sri Lankan banks may rise when ISB investment suspension lifts: Fitch
Even with the suspension lifted, banks will still have difficulties accessing foreign currency funding.
Bank Neo Commercial, Arash Digital, Wallyt partner to boost digital payments in Indonesia
The bank will add more digital payment services.
Security Bank’s SB Finance launches Car4Cash in the Philippines
Car owners can gain access to as much as PHP2m.
UOB invests $200m in digital innovation, aims to double wealth fee income by 2025
The bank has launched SimpleInvest, where clients can begin investing for as low as $100.
Weekly Global News Wrap: HSBC sells French retail arm; Goldman Sachs floats Britain transaction bank
And Visa agrees to buy banking platform Tink.
Pandemic pushes banks to adapt hybrid set-up for transaction banking services
BPI's John-C Syquia and FinServ Solution's Andre Lee discuss the latest trends in transaction banking.
Central American development bank to open Seoul office: report
The bank has the goal of opening the office within 2021.
South Korea mulls cashbacks for credit card spending to boost consumption
The government reportedly plans to set the ceiling of cash back rewards per person.
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