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E-wallets to snap up 6% of Philippine payments by 2022
E-wallets to snap up 6% of Philippine payments by 2022
However, the country is still miles behind China and India.
Two in five Malaysians open to sharing bank data
However, privacy and security concerns still mar open banking adoption.
Robots could cut 10,000 Australian banking jobs over the next decade
The four major lenders slashed over 4,000 full-time roles in 2017.
Vietnam bank loans grew 6.16% in May
This represents a slightly faster expansion than the previous months.
US tightening buoys Hong Kong banks' profitability
Funding costs are expected to stay low, boosting NIMs.
Singapore and Hong Kong lead Asia's asset management charge
Their combined assets under management (AUM) hit $91.5b in 2017.
Vietnamese banks intensify capital raising activities as Basel II deadline looms
Lenders have been using retained earnings to lift CAR.
Chinese bank credit continues to build up despite deleveraging campaign
Sustained expansion in household debt pose risks to the sector’s stability.
New loans extended by Chinese banks hit $179.51 b in May
Credit continues to build up in the system despite deleveraging efforts.
Weekly Global News Wrap Up: Switzerland rejects sovereign money initiative; Credit Suisse culls senior investment banking jobs
And JPMorgan has been sued over a Mexican property transfer.
Chart of the Week: Bad loans in Malaysia inch up to 1.58% in April
The construction segment had the highest gross impaired loans at 6.96%.
Chinese fintech companies are tapping on Asia's unbanked
Indonesia and other Southeast Asian markets are the target markets.
India mulls creation of asset management company to clean banking sector's bad loans
The banking sector is burdened by over $141b in stressed assets in 2017 alone.
Vietnam banks speed up transition to chip cards
The shift from magnetic is expected to provide better cardholder protection.
Hong Kong banks wage war over fixed deposits as interbank lending rates surge
One-year HKD fixed-deposit rate is hiked to as high as 2%.
Asian investment banking fees plunge to four year low after hitting $4.62b in May
However, robust deal-making activity may buoy the sector from its slump.
Thailand is developing its digital currency for interbank transactions
‘Project Inthanon’ could accelerate transaction and validation processes.
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