News

Bancassurance market to surge 8.4% in CAGR by 2028

Market dynamics are seen to impact the stakeholders' behaviours and pricing decisions in the sector.

Ant Group raises transaction limits in China for foreign users 

Ten partner wallets can now enjoy the increased limits.

China raises annual mobile payment limit of foreign visitors to $50,000

The single transaction limit has also been raised to $5,000.

Weekly Global News Wrap: US banks’ profits down 40%; NYCB loses $5b in deposits

And Greece’s biggest lender optimistic profits will grow through 2026.

Indosuez Wealth Management names two new directors to North Asia team

Indosuez Wealth Management has appointed two new directors to its North Asia Team.

Hang Seng Bank joins HKMA's Wholesale Central Bank Digital Currency Project

The project will expand the use of tokenised money in Hong Kong.

OCBC unveils new financing programme for women SME owners

They can avail of up to $100,000 in loans with processing fees waived.

Siam Commercial Bank buys Home Credit Vietnam Finance for $849m.

The transaction is expected to be completed in the first half of 2025.

UOB’s Christine Ip reflects on 3-decade banking career and circling back to the arts

Ip believes that finance and creativity go hand-in-hand in building a holistic pool of talents in UOB.

Citi’s Shally Koh on how to foster a more diverse banking organisation

The bank is touting its male allyship and mother support programs as part of its bid for gender equality.

StanChart's Maisie Chong on never saying no to seizing opportunities, paying it forward

Chong shares the joy of finding greater satisfaction and fulfilment through the course of work.

Ex-CEO, directors of Envision Wealth Management charged by MAS

They allegedly committed offences against the Securities and Futures Act, amongst others.

India’s HDFC Bank penalised by state tax officer of Gujarat

This is due to “disallowance of input tax credit” under section 73 of the CGST Act.

Trust Bank is most positively viewed financial brand by Singaporean women

It beat out other banking heavyweights and card network giants to emerge on top.

Mox Bank, CMB Wing Lung Bank warns of fake websites

Both banks have reported the incidences to the Hong Kong Monetary Authority.