News
Japanese banks speed up cashless push before 2020 Olympics
Japanese banks speed up cashless push before 2020 Olympics
Mizuho, MUFG Bank, and Sumitomo have agreed to unify QR code specifications.
Indian banks ordered to streamline ATM security upgrades
This includes the installation of anti-skimming devices and whitelisting solutions by 2019.
Chinese audit office slams illegal activities by major banks
ICBC, BOC, and Citic extended loans to unqualified companies.
Singapore's PayNow expands to corporate fund transfers
The scheme will be a part of the Singapore Quick Response Code utilising mobile banking apps.
India eyes stressed management company housing bad loans in power sector
Soured loans in the sector are estimated at $26.4b.
Chinese banks bad loans surge to $292.55b in May
NPL ratio also rose from 1.75% to 1.9%.
Korean banks to launch blockchain ID verification programme
‘BankSign’ will be officially rolled out in July.
Cards are chipping away at cash and cheque use in Australia
Consumers made over 8.3 billion card payments in 2017, equal to 23 million transactions a day.
Vietnamese banks urged to tighten card issuance
A group claims that 50 million of the 132 million cards in circulation are not being used.
Weekly Global News Wrap Up: BofAML to pay $42m fine for misleading customers; Wells Fargo mulls merger of wealth units
And Goldman Sachs is investing $500m into women-led and owned firms.
Chart of the Week: Check out mobile wallet adoption across Asia
The value of non-cash transactions in China hit 50% in 2016.
Strong economy to buoy Korean banks growth prospects
Corporate deleveraging is also expected to keep bad loans down.
Falling credit costs soften earnings blow on Thai banks
Net profit is expected to edge up 5% in Q2.
Hong Kong banks to hike prime rates by end-June
Tighter liquidity from mega IPOs will leave lenders with no other option.
Australia intensifies oversight over fintech lending
Moody’s lauds the move as a welcome development to improve transparency.
Malaysian bank loan growth to hit 7% in 2018
However, policy uncertainty over new leadership may dampen sentiment.
Fed hike to boost interest income of Taiwanese banks
The country’s lenders own over $30b in US-denominated assets.
Thought Leadership Centre
In Association with
In Association with
Resource Center
Read Here
Advertise
Sign Up
Event News
Lorem Ipsum Three
Lorem Ipsum is simply dummy text of the printing and typesetting industry.
