News

Philippine bank lending up 7% in November 2023

Philippine bank lending up 7% in November 2023

Loans to production activities rose thanks to a growth in real estate and energy activities.

Standard Chartered names ex-Citi banker as head of global securities

Stella Choe was most recently head of global network banking for APAC in Citi.

Hang Seng Bank launches investment and life insurance plan

70% of Hong Kongers were unprepared for their parents' healthcare costs and children's educational expenses. 

Partner insurer payout leaps 23% YoY through Ant Group's insurance arm

Health insurance claims contributed about 5 million claims processed by partner insurers on Ant Insurance

Prudential partners with CIMB Thai for bancassurance venture

The partnership grants Prudential access to CIMB Thai’s customer base and branch network in Thailand.

Eight in 10 Filipinos are optimistic about formal credit options

However, 42% said there were no changes in the accessibility of formal credit alternatives.

BSP onboards first non-bank e-money issuer in real-time settlement system

OmniPay no longer needs an existing RTGS participant to sponsor their settlement.

HSBC HK unveils debit, supplementary card waiving foreign currency fees

The cards also offer a 0.5% instant cash rebate on all spendings.

Indonesian fintech investments halved in 2023: study

Seed-stage and early-stage funding plummeted during the year.

SG startup Qashier launches QR payment terminal

It accepts the majority of e-wallet QR payments and is expected to benefit hawkers and minimarts.

AlipayHK warns of phishing messages

There are individuals sending out messages claiming to be from AlipayHK.

Taiwan domestic banks extended more loans in November

The bad loans ratio fell by 0.01 percentage point, according to the FSC.

Asian Banking & Finance Awards 2024 opens nominations for outstanding banks, finance companies

Financial institutions may send their entries to the Wholesale Banking Awards, Retail Banking Awards, and Corporate and Investment Banking Awards until 3 May 2024.

NETS replacing FlashPay Cards with Prepaid Cards

NETS FlashPay Cards can be exchanged for NETS Prepaid Cards at any 44 SimplyGo Ticket Offices.

HSBC launches Premier Elite for high-value customers

The bank collaborated with actor and director Stephen Fung for its launch campaign.

Hang Seng Bank warns against fake mobile investment app

The app falsely uses the Hang Seng Bank logo.

Banking sector leverages Gen AI for enhanced productivity

Banking industry is expected to reap $200 to $340 billion USD largely by using generative AI to increase productivity.