News
Nearly 1 in 3 Singaporean millennials prefer cashback cards
Nearly 1 in 3 Singaporean millennials prefer cashback cards
Cashback cards are preferred due to their instant benefits.
Thailand's central bank maintains policy rate at 1.25%
It will likely remain on hold in 2020, although a 25bp cut remains probable.
Chinese banks' asset performance deteriorates
Asset and loan growth slipped to 8.9% and 12.8% YoY in September, respectively.
Chart of the Week: Wealth and retail drive 60% of Singapore banks' fee income
DBS and OCBC’s private wealth AUM grew 15% CAGR in the past 6 years.
Weekly Global News Wrap: Saudi's biggest bank scraps $200b lender; Goldman Sachs to support green projects
And the PNC-Venmo fight highlights issue over who owns customers’ banking data.
Weak regulations heighten risks for Cambodian banks
The banking system is just one point shy of being amongst the highest-risk systems worldwide.
Obscure regulations, cybersecurity hinder adoption of open API: study
Almost two-fifths (38%) cited cybersecurity as the biggest risk.
Economic risks of Indonesian banks decline as per capita income rises
Robust profitability and high capital retention keeps the sector well-capitalised.
Indian asset risks rise amidst NBFC funding stresses
The economy has grown dependent on non-bank lenders.
South Korea NPL ratios still strong despite multi-year lows
Asset quality remains stable.
APAC NBFIs face negative outlook in 2020
Indian and smaller Chinese companies are amongst the most vulnerable.
Chinese financial firms' asset quality under duress amidst sluggish credit growth
Credit pressure variations affect small banks, distressed asset management and leasing firms.
Singapore banks to record flat EPS growth in 2020
Any revenue expansion will be offset by increases in credit costs.
More Indian NBFCs to go overseas amidst funding crunch
Local funding remains constrained as providers pull back amidst a slowing economy.
China's shadow banking assets shrinks to $8.42t in Q3
These assets now only account for 62% of the nominal GDP from 68% in 2018.
South Korean banks stay ahead despite digital surge: report
Fintech companies will stay focused on money transfers and other simple transaction services.
India, China, Thailand lead APAC smart card market adoption
The global smart card market will surpass $65b by 2025.