News

APAC banks face time bomb of risks amidst new climate change policies

APAC banks face time bomb of risks amidst new climate change policies

Those who drag their feet when it comes to ESG compliance face a future of impairments, reputational damage.

Indonesia mulls digital rupiah: report

The central bank is looking at how it will help monetary policy goals.

HSBC exits US mass market retail banking, sells 90 branches

All personal, advance, and retail business banking customers with turnover below $5m are affected.

Deutsche Bank appoints new head of trade finance & lending in China

Daniel Qian is also head of structured trade & export finance.

Thailand’s KBank unveils sustainability fund for institutional clients

K-SUSTAIN-UI will invest in a sustainability-focused fund managed by JP Morgan.

Hong Kong’s Airstar Bank pilots corporate banking services for SMEs

The pilot trial is open to 100 small and medium enterprises.

Chart of the Week: Hong Kong card payments value to grow 4.4% in 2021

This comes after two years of decelerating growth due to trade tensions, protests, and the pandemic.

Citi appoints new Singapore head of credit cards and personal loans

Serene Gay will oversee credit cards and unsecured lending covering Citi branded cards.

China’s $1.3t domestic debt hurtles to maturity as defaults surge: report

The huge debt, unprecedented pace of defaults underscores local authorities’ conflicting goals.

Global banks on a hiring craze as they vie for rich Asians’ assets

HSBC, Goldman Sachs, and Citi are all eyeing a piece of the region's trillion-dollar financial market.

China to account for half of mobile payments worldwide by 2023

The country’s mobile payment transaction value is expected to hit $1.3t this year.

StanChart signs MOU with Tazapay to enable digital escrow services in Proxtera

The bank will facilitate the opening of bank accounts in Tazapay.

Need for speed: Industry leaders weigh on digital innovations in banking

Financial literacy is a prong that must be reinforced to improve digital services.

SB Finance, OneConnect to develop digital finance platform in the Philippines

It seeks to service the 65% of Filipinos who remain unbanked.