Retail Banking
DBS unveils online payments solution to simplify SMEs' bill payments
DBS unveils online payments solution to simplify SMEs' bill payments
This is through a partnership with software company Xero.
Indonesian banks have no more room for rate cuts in 2018
Cutting their reference rate twice in June and September 2017 is enough.
Big thai banks to suffer weak FY17F results
No thanks to higher provision expenses and lower non-interest income.
China unveils rules to clamp down on financial risk
China Banking Regulatory Commission targets to eliminate "chaos" in the financial system.
Philippines' new leverage framework to boost banks' resilience
Banks will be required to hold more capital and curb excessive credit growth.
Hong Kong banks to benefit from HKMA's proposed loss-absorbing capacity rules
These will facilitate loss absorption and recapitalization in case of bank failure.
New European guidelines may hit Asian banks
Medium-sized companies will take the most impact.
APAC financial services employment in 2017 increased 12% YoY
It provides an ideal springboard for more growth in 2018.
Siam Commercial Bank's 2017 net profit falls 9.4% to $1.35b
No thanks to the new accounting standard requirements effective 2019.
Standard Chartered unveils mortgage plan with fixed rate
The plan has a fixed rate of 1.68% p.a. for the first year.
China banks' regulator probes shadow banking woe
Outstanding assets of shadow banking in China reached $4.3t in December.
Australian banks' profit growth to slow in 2018
No thanks to mounting pressure on business volumes and compliance cost.
Chinese banks' profit growth to hit double digits in 2018
It’s back to black after four years of stagnant earnings.
HSBC widens cash access network to 800 touchpoints
Now customers can make QuickCash withdrawals in 7-Eleven stores.
VietinBank migrates all debit card transactions
This is to improve issuance for international and domestic debit and credit cards.
Digitalisation in Malaysian banks creates 4,500 new jobs
New opportunities are focused on automation and IT.
IFRS 9 has ‘volatile' impact on Singapore banks' earnings
This is due to the change in calculating expected credit loss (ECL).