News

Mizuho partners with KOKO Networks to offer carbon credits to clients

Proceeds from the sale of premium carbon credits are distributed as substantial discounts on KOKO Fuel.

Fasset superapp aims to use digital assets to drive financial inclusion

The digital asset company plans to eventually offer remittance, lending, and borrowing.

Tonik Founder Greg Krasnov to joins as a panelist for Asian Banking and Finance Forum

The Philippines’ first digital bank sets an example for driving financial inclusion and reshaping the banking landscape in the region.

Hong Leong Finance SG profits up 3.2% to S$46.57m in H1

An interim dividend of 3.5 cents per share has been announced.

OCBC reports record net profit of S$3.59b in H1; H1 dividend at 40 cents

The dividend is 43% or 12 cents higher than in H1 2022.

India assures banks it’s ready to manage outflow of Russian funds: report

Russian companies have accumulated billions of rupees in local banks.

DBS earnings up 45% to S$5.26b in H1; Q2 dividend at 48 cents

This brings the first half dividend to 90 cents per share.

Asian fintechs to outpace global competitors; China posts tepid growth

S&P Global’s latest report shows Asia’s fintech growth may be gradual for 2023, but small and emerging economies will keep the region steady.

MAS grants MPI licence to Tazapay

Tazapay plans to expand its services across Asia and more.

Lower mortgage rates may have slight effect on Chinese banks and RMBS: Fitch Ratings

Policy adjustments to lower mortgage rates on existing loans could pressure Chinese banks' net interest margins and profitability.

India’s card payments to triple in size by 2027: GlobalData

It is expected to triple in size to $728.2b in 2027 from last year’s $262.1b.

Fintech funding slows to 10-year low as investors tout quality over quantity

Asian fintechs clinched US$5.1b in investments in H1, lower than $45b in H1 2022.

Citi Global Wealth unveils ULTIMA credit card for private bank clients

Singapore’s UHNW clients’ spending outpaced pre-pandemic spending by 56%.