News
Citi names new senior leaders for Asian banking clusters
Citi names new senior leaders for Asian banking clusters
Leadership changes abound for its investment banking and corporate banking businesses.
Thai banks’ profits improve in Q3, but bad loans also rose
Authorities to monitor debt serviceability of SMEs and households.
Digital loan platform Lendela secures $5m in funding round
Chocolate Ventures and Cocoon Capital led the round.
UOB, Visa, SG fintech Doxa to facilitate quicker payments for contractors
JTC and Kimly have joined the trials in the Doxa Connex platform to simulate payments.
Mastercard can commence domestic bankcard clearing activity in China
This follows after authorities first approved Mastercard NUCC’s application in 2020.
Bank of China HK disables screen capture, recording on Android apps
This was due to a rise of malware scams.
Maybank opens Islamic wealth management hub in Singapore
It will offer end-to-end Islamic wealth solutions.
Mastercard, NEC to offer in-store biometric payments in APAC
This follows Mastercard’s Biometric Checkout Program, launched in Brazil in 2022.
Singapore, Indonesia launch cross-border QR payment linkage
Customers can now pay with the QRIS and NETS QR offered in the two countries.
Citi completes sale of Indonesia consumer business to UOB
This marks Citi’s ninth and final full consumer divestiture in Asia.
OCBC to acquire Indonesia’s Bank Commonwealth for $191.4m
PT Bank OCBC bought almost 100% shares in PT Bank Commonwealth.
FinTech industry poised for huge change thanks to AI: MAS
The festival will address both the promises and pitfalls of AI in the financial industry.
Maybank eases cross-border fund transfers between SG, Malaysia
The bank added over 50 DuitNow participating institutions where customers can send money over.
Japan’s Mizuho Bank sees profits rise 24.4% in H1
Full year dividend is expected to be JPY100 for 2023.
Alipay+ now accepted at PayNet’s DuitNow QR merchants in Malaysia
Alipay+ will add more partners in the near future.
OCBC extends S$16m green-linked loan to textile and apparel company Ghim Li
The loan was made through the ESGpedia platform.
Singapore fintechs expand footprint in Australia through Project Lorikeet
The initiative aims to boost fintech trade and investment between Singapore and Australia.
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