News

SAP and SAP Fioneer's pivotal role in reshaping financial landscapes across the Asia Pacific was highlighted at the recent SAP & SAP Fioneer Financial Services Forum Asia Pacific.

The digital bank intends to roll out its own debit card in the coming months.

Household leverage has reached “unsustainable levels”, says S&P Global Ratings.

NPL ratio will remain below 2% and NIMs may peak at up to 2.2%.

The bad loan ratio is expected to deteriorate, but it should be manageable.

Locked funds cannot be used for payments, investments, and ATM withdrawals.

Banks globally are expected to lose $824b in credit losses in 2024.

Rapid expansion in wealth and cross-border activities positions Asia-Pacific as a global leader in wealth management.

Total loans rose faster than the Malaysian banking industry average.

It will no longer be shutting down its website and app.

The interest rate for outstanding amounts of deposits and loans also rose.

The owner and operator of Globexmc can no longer own and operate an MSB.

The current CEO, Ivy Au-Yeung, will retire on 31 December.

They will jointly underwrite and facilitate loans to Mayani’s 144,000-strong network.

They can now split purchase repayments for up to a 36-month period.

French acquirers need to perform less certification before they can accept JCB cards.