News
Siam Commercial Bank kickstarts 4-year journey to revamp core banking system
Siam Commercial Bank kickstarts 4-year journey to revamp core banking system
																					
							It has inked a MOU with Sunline to become a full-fledged digital bank entity.
						
					
					
				MUFG Bank, Krungsri ink MOU with Thailand’s East Economic Corridor Office
																					
							MUFG Bank and Krungsri will support customers who consider investing in the EEC.
						
					
					
				Clean energy gap presents investment opportunities for banks
																					
							Krungsri and CIMB Thai explore use of emerging tech to monitor risks better.
						
					
					
				CIMB SGoffers up to 3.88% limited-time rate for new business customers
																					
							The offer is valid until 31 August 2024.
						
					
					
				APAC banks face 2.5 million shortage of skilled cyberstaff
																					
							Banks may not have the right people in-house to mitigate them.
						
					
					
				China faces decade-long clean-up of embattled rural banks
																					
							Expect more mergers and consolidations, and even some closures, S&P says.
						
					
					
				Endowus Private Wealth offers HK investors access to 400 fund strategies
																					
							Over 400 fund strategies are made available to Endowus clients. 
						
					
					
				Singapore proposes strengthened anti-money laundering bill
																					
							This includes empowering law enforcement agencies in prosecuting ML offences.
						
					
					
				CIMB sets out 2030 climate targets for O&G and property portfolios
																					
							The bank will stop financing new upstream oil fields beginning January 2025.
						
					
					
				BRI net interest margin slated for 31bp decline in 2024
																					
							NIM is expected to rebound 25bp in 2025.
						
					
					
				SCB’s Easy and Mae Manee apps temporarily unavailable on select dates
																					
							SCB is upgrading its Easy App.
						
					
					
				Bangkok Bank announces temporary closure of digital, payment services on 6 July
																					
							Debit and credit cards won’t be able to use their cards for transactions during the period.
						
					
					
				Ant Group and Mastercard extend payments program to Chengdu, Chongqing
																					
							Tourist spending using Ant Group’s digital payments rose 13-fold in the two cities.
						
					
					
				Allianz and HSBC launch new life insurance plan
																					
							The plan comes with a premium starting from RM6,000.
						
					
					
				Bank Negara Malaysia releases policy document on claims settlement practices
																					
							It mandates minimum standards for licensed insurers and takaful operators.
						
					
					
				UOB winds down digital credit assessment subsidiary
																					
							It had promised to invest S$12m on Avatec when it launched in 2018.
						
					
					
				Ant International acquires Dutch payment service provider MultiSafepay
																					
							Ant will integrate MultiSafepay into its subsidiary Antom.
						
					
					
				 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
								 
						 
								 
						 
								 
								 
						 
						 
								 
								 
																					
											
																			 
																					
											
																			 
																					
											
																			 
																					
											
																			 
                