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Malaysian small lenders endangered by digital banks' entrance
Malaysian small lenders endangered by digital banks' entrance
More competition could jumpstart a build-up of debt within lower-income borrowers.
China fintech deals clinch 67.1% of Asian fintech investments in 2015-19
15 deals during the period were valued above $1b.
Weekly Global News Wrap: HSBC to slash 100 equities staff, Bank of America plans to double its US market share
And JPMorgan is the latest bank to expand to Paris after Brexit.
Chart of the Week: Hong Kong card payments to hit $7.67b by 2023
The number of card payments is expected to hit 1 billion in 2020.
Digital banks won't be a threat to big Singaporean banks: analyst
Singapore poses as a hard-ground for virtual entrants.
New regulation may promote Islamic banking in the Philippines
But Islamic banks are not expected to take significant market share in the medium term.
Morgan Stanley looks to hire 30 private bankers for Asia
The bank’s record 2019 profit was partly anchored by its wealth business.
Inside Hong Leong Bank's digitalisation journey
The lender has set aside as much as 20% of its FY19 operating expenses on tech.
Bushfires to have modest effect on Australian banks' credit losses: analysis
But losses from business lending could increase.
Thai banks' net profits expected to grow 27% in Q4 2019
But earnings are down 6% over the same period due to higher operating expenses.
Weekly Global News Wrap: Goldman Sachs launches online bank app; Visa buys Silicon Valley startup Plaid for $5.3b
And Wells Fargo’s new CEO sets $1.5b for legal costs of sales scandal.
South Korea and China are Asia's cashless leaders
More than half of Korea’s 1,600 bank branches no longer accept cash deposits or withdrawals.
Global FX market daily turnover hits $6.6t in 2020
A 40% increase in daily forex trading volume was noted over the last decade.
Australian borrowers hit by bushfires face risk of inadequate insurance coverage
Disruptions on local employment could drive arrears up.
Australian fintech firms raise over $2.7b from 2015-2019
Deals over $100m comprised 41.9% of capital raised.
Data to determine success of Singapore digital bank aspirants
Eight publicly known applicants want to focus on the country’s underbanked segment.
Surge in Philippine property prices threaten banking system
A boom in the POGO sector led to a 10% YoY rise in residential real estate prices in Q3 2019.
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