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Sibos 2018: APAC fuels global payments boom with $900b in 2017 revenue
Sibos 2018: APAC fuels global payments boom with $900b in 2017 revenue
Strong balance growth in China is cementing the region's dominance.
Only a fifth of Philippine rural and thrift banks ready to digitise
They still need to make heavy investment in foundational technologies.
Thai banks brace for blow from tighter mortgage curbs
The central bank imposed an 80% loan-to-value limit on mortgages.
Vietnamese banks slash service fees in economic boost
BIDV cut nine service fees whilst Military Bank reduced 16.
Singapore banks turn to loans to boost earnings as wealth income weakens
Wealth management income may have already peaked in H1 2018.
Japanese banks profit erosion slow amidst policy reforms
Liquidity in the bond market is boosting earnings outlook.
Chinese banks new loans hit $199.05b in September
The central bank’s lending stimulus appears to be paying off.
Taiwanese banks poised to break $6.5b year-end lending target
The government’s new economy projects is fuelling lending demand.
Cybercriminals prey on prosperous Hong Kong banks
There are already eight cases of fraudulent bank websites in October YTD.
Chart of the Week: Which ASEAN country has the largest branch network?
Thailand and Indonesia are the branch-heavy countries.
Weekly Global News Wrap Up: US bank earnings rebound in Q3; BofA cut nearly 100,000 workers in digital shift
And Venezuela is seeking banking services in Asia and Europe.
Singapore banks receive boost from regulator's hardline stance against e-wallet lending
Entities would need a banking license first before using deposits to extend loans.
Hong Kong's local lenders jostle for market share as Chinese banks encroach into home turf
Mainland-owned banks accounted for 38% of system assets and deposits by 2017.
Japan enables instant 24/7 fund transfer across banks
Around 64 banks have already started implementing the service.
Hong Kong regulator laments underperforming bank IPO sponsors
The SFC is enhancing sponsor standards as it aims to reclaim the global IPO crown.
Philippine bank lending to small enterprises misses target in H1
Legislative requirements were not met despite recording 10.4% growth.
India shakes up private bank management in bad debt crackdown
Yes Bank, ICICI and Axis Bank are replacing longstanding CEOs.
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