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BPI eyes shifting branch agent role from transactions to advisory: exec
BPI eyes shifting branch agent role from transactions to advisory: exec
President and CEO TG Limcaoco said that BPI wants their branch agents to spend 70% of their time offering advice to clients.
Ripple obtains MPI license in Singapore
Singapore is one of Ripple’s fastest growing markets, it said.
Malaysian banks face flattish NIMs amidst slower-than-expected loan growth
Dividend yield will remain attractive, however, says UOB Kay Hian.
Endowus teams up with world’s third largest private equity firm
EQT funds are now available to Endowus private wealth clients in Singapore and Hong Kong.
Sygnum Singapore obtains major payments institution license
It can now operate its DPT brokerage service in Singapore.
UOB joins LCH SwapClear and ForexClear as as direct clearing member
UOB is the first SEA bank to join ForexClear as a direct member.
Bank of China Hong Kong kicks off pilot for e-HKD use for prepaid services
BOCHK hopes to create a new business model for retail SMEs.
Global Payments and Visa launch mobile tap payment solution in SG
Sellers will facilitate payments easily using smartphones.
Central bank announces new savings bond with average yield of 3.32%
Its amount offered is at $1b.
How tech disruption, branding innovation are shaping the future of finance: analysts
The afternoon sessions of ABF Summit 2023 saw analysts and bankers explore why tech and marketing are important to financial institutions.
Vietnam records 103 million domestic cards, emphasises cashless scheme
The government has been promoting a cashless payment scheme in line with its national financial inclusion strategy.
Total loans in Hong Kong down 1.7% in August
Total deposits rose by 0.6% during the month, however.
Refinancing loans drive up mortgages by 26.9% in August
Mortgages for financing new homes or primary market transactions fell 19.8%.
Hong Kong warns of fraudulent phone calls posting as central bank staff
The fraudsters would request banking details in the guise of canceling a fake membership.
Alternative payments dominate India’s e-commerce payments
Mobile and digital wallets make up 58.1% of all e-commerce payments in 2023.
Bank of East Asia redesigns Mongkok branch
The bank has created a digital zone at the ground floor.
Singapore’s fintech to contribute 3.6% in 2027
In 2022, the country also had the largest investment attractiveness at 41.1%.
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