News

Chart of the Week: What's dragging the growth of Islamic banks in ASEAN?

Malaysia and Indonesia are still trailing behind their GCC peers.

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.