Photo courtesy of Ank Kumar.

Weekly Global News Wrap: Australia iffy with digital currency; JP Morgan eases overdraft fees

And UBS Switzerland to propose a new board chairman.

From Bloomberg
Australia's central bank chief sees no strong case for a retail digital currency in the country, though he did not close the possibility of one being made in the future.

In a speech at a payments summit, Reserve Bank of Australia Governor Philip Lowe told attendees that Australia, “have not seen a strong public policy case to move in this direction.”

“It is possible, however, that the public policy case could emerge quite quickly as technology evolves and consumer preferences change,” he added.

From Reuters
JPMorgan Chase & Co will give customers more leeway on overdrafts before charging fees in a bid to keep up with competitors and attract customers.

Beginning 2022 the bank will give customers a full day to restore overdrawn balances and will allow them to tap funds from direct deposits of paychecks two days early, the bank said.

From Reuters
UBS Switzerland will reportedly propose the election of Markus Ronner as chairman and Barbara Lambert as a new independent member of the board of directors at its annual meeting in April next year.

Ronner will succeed Lukas Gähwiler, who has been nominated as the vice-chairman of UBS Group AG.

Follow the link s for more news on

Pembekuan pendanaan menghantam penyedia layanan BNPL

Investor semakin sedikit mengalirkan dana ke penyedia layanan BNPL yang sudah menghadapi keuntungan margin yang tipis.

HSBC: Aliansi bank-fintech merupakan win-win

Pemberi pinjaman dapat belajar dari teknologi disruptif sambil membantu mereka mematuhi regulasi.

Tokenisasi aset perdagangan untuk menjembatani kesenjangan pembiayaan

Teknologi blockchain dapat mendesentralisasikan operasi keuangan dan mempermudah akses kredit.

BCA menjalankan komitmen terhadap keuangan berkelanjutan

Bank asal Indonesia ini mempertimbangkan aspek lingkungan dan tata kelola dalam keputusan pemberian pinjaman.

Mengapa UNOBank mendorong embedded finance tumbuh di Filipina

Bagi UNOBank, banking interface terpadu adalah strategi pertumbuhan sekaligus upaya inklusi keuangan.

OCBC mencoba mengurangi kesenjangan manfaat bagi agen properti di Singapura

Produk terbarunya menawarkan manfaat finansial di bidang perbankan, asuransi, dan perdagangan.

Upaya Malaysia menjadi anggota BRICS untuk mendorong perombakan sistem perbankan

Namun, tantangan muncul ketika menjauh dari ketergantungan pada AS dan SWIFT.

Platform pembayaran PingPong memperoleh lisensi PJP di Indonesia

PingPong mengincar ekspansi ke pasar ekspor senilai $320 miliar di negara tersebut.

Merger dan penutupan mengancam 3.800 bank di area pedesaan Cina

Sekitar 70 bank di area tersebut telah merger sejak 2023.