News

Chinese banks' profit rally cut short as loans turn sour

The pressure on asset quality will be heavier in 2019.

Australian banks shed $13b in assets in downsizing spree

CBA sold its asset management business for $2.9b.

Japanese banks trial blockchain technology to settle payments

Fujitsu has been tapped to develop the application.

Malaysia lowers cash transaction threshold in fight against dirty money

Hard-cash circulation has ballooned by 150% in the past decade.

Hong Kong beefs up e-wallet identity verification

Enhanced security features include two-factor authentication process.

E-wallet war heats up in Vietnam as banks join fray

Four more banks received clearance to operate e-wallet businesses.

Malaysia moves to enable money transfer via mobile number

Users can transfer money through DuitNow by December.

South Korean bank loans hit $780b in Q3

Household lending outpaced corporate loans but not for long.

Japanese banks risk-taking hits near 30 year high amidst profit crunch

This marks the highest point since 1990 during the asset-inflated bubble burst.

Can Taiwanese banks maintain stable financial footing?

Lenders face stiff competition and modest lending demand.

Sibos 2018: China and Australia put APAC on the map in global fintech league

Three of the top five in KPMG's Fintech100 were nabbed by Chinese firms.

Sibos 2018: How Japan's megabanks will digitalise trade finance processes using blockchain

They are part of a consortium of trade players working on a Trade Data Sharing Platform.

Chart of the Week: APAC eats up global payments pie but lags in electronification

The region's e-payment transactions are up to 65% lower than Europe's.

Weekly Global News Wrap Up: US banks' credit card war heats up; Lenders curb China travel after UBS banker departure ban

And here's the latest move of Goldman Sachs to expand its client base beyond the ultra-rich.

Singapore banks fall from grace as lending and non-interest income takes hit

Volatile markets may cut up to 15% of DBS and OCBC's non-interest income.