News
Philippine banks’ outstanding loans up 10.7% in August
Loans to residents grew whilst loans to non-residents slowed.
Philippine banks’ outstanding loans up 10.7% in August
Loans to residents grew whilst loans to non-residents slowed.
JCB enables Google Pay payments via contactless terminals
Customers can now add their credit/debit JCB card to Google Pay.
Korean financial holding companies see higher net income in H1
The insurance sector buoyed the increase as income from banking and financial investments fell.
BNY names ex-HSBC banker as head of APAC corporate trust
Jamie Pratt will lead, develop, and execute BNY’s corporate trust strategy.
India’s central bank names new executive director
Shri Aviral Jain will look after the legal and premises departments.
Japan, Cambodia’s financial service authorities exchange letters of cooperation
They will exchange views on regulatory and supervisory practices.
How commercial cards can redefine B2B payments
Over 8 in 10 bank execs believe that virtual cards improve organizational processes.
Malaysian central bank warns against three unauthorized financial entities
One of them is a potential clone entity.
Bank of East Asia, UDPN test stablecoin transfers via digital currency wallets
BEA was able to gain insights on CBDCs and the mechanism of stablecoins.
Singapore Gulf Bank names ex-Goldman Sachs banker as CFO
Separately, SGB’s new COO joins from GIC and Sygnum.
IDFC First Bank, ICICI banking platforms rated best in India: Forrester
IDFC is the top-rated platform overall whilst ICICI was best in overall experience.
SCB sells food delivery platform Robinhood for over $61.3m
The buyers, led by Yip In Tsoi Group, will make an initial payment of $12.27m.
Mizuho purchases non-voting minority stake in Golub Capital
Mizuho’s stake represents less than 5% in Golub Capital’s management companies.
Lending by PH banks’ foreign currency deposit units declined 2.7% in Q2
Top sectors who took out loans are merchandise and service exporters, and power companies.
Vietnam’s VP Bank, Lotte team up to offer buy now pay later services
They will also issue co-branded cards in Vietnam.
ANZ joins Singapore’s Project Guardian
The bank will explore blockchain interoperability to exchange tokenised real-world assets.
Cyber scams prompt behaviour change in 61% of users
Chubb says insurance can play a key role in digital payments.
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Technology to underpin future of financial services
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Banking Technology
Banks should boost their online infrastructure as digital assets become the norm.
Banks should boost their online infrastructure as digital assets become the norm.
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