News

Alipay+ now available for use in Sri Lanka

Alipay+ now available for use in Sri Lanka

The app can now be used for payment in over 400,000 LankaQR merchants.

Tonik digital bank enters the insurance market

The partnership with Sun Life Grepa will offer credit life and disability insurance.

SB Finance highlights four key benefits collaboration can do for the Philippine financial industry

Abbie Casanova, SB Finance’s CEO, said finding the right partner can exponentially increase business fundamentals and market reach.

Thailand’s KBank launches the K PLUS Laos app

The app is now active in 3 countries, with 21.8 million users.

Mizuho launching universal bank in Europe, to close offices in 4 cities

The new bank will be based in Amsterdam, with offices in Frankfurt, Madrid, and Paris.

Standard Chartered SG derisking pays off as asset quality improves: analyst

Though its lending profile is less diverse than local banks, capitalization remains strong.

MAS issues expectations for financial institutions’ net zero transition planning

The guidelines are aimed at helping FIs enable effective climate change mitigation.

South Korean banks’ deposits up US$19.9b in September

Transferable deposits rose substantially, whilst time deposits fell.

Chuseok, mortgage demand drive up Korean banks’ lending in September

Home mortgage demand grew by $4.49b (KRW6.1t) in August.

OCBC names new Greater China head, OCBC Wing Hang China CEO

Wang Ke and Ang Eng Siong are stepping up to their new roles on 1 November.

Citibank Singapore launching new satellite wealth advisory hubs in 2024

The Parkway Parade hub and One Holland Village hub expands Citi’s physical footprints.

Two Hong Kong banks facing record fines for short-selling in Korea: report

South Korea’s FSS said they made short-selling deals worth KRW40b and KRW16b, respectively.

Citigroup to redeem $1.49b in preferred shares for $25

Any quarterly dividend declared, but not paid prior, will be paid on or before the redemption date.

Citigroup’s net income rises 2% to $3.5b in Q3

Revenue was 9% higher at $20.1b during the quarter.

Thailand to host 2026 IMF-World Bank annual meetings

More than 12,000 attendees are expected to attend the meetings.