News
HSBC unveils new face for trade services with Global Trade Solutions
The bank outlined plans to give a safer, smoother digital trade experience.
Alipay+ and GHL enable cross-border payments in the Philippines
Mobile wallets include AlipayHK, KakaoPay, Touch ‘n Go, and Alipay.
Visa launches Subscription Manager service
It enables cardholders to view and stop recurring payments as needed.
Three Indian banks’ profitability to improve
However, their rising share of risky loans will weigh on asset quality.
Taiwan banks show stable asset quality
Fitch sees a favourable outlook for Taiwanese banks in the next 2 years.
Boost Bank launches digital app for underserved Malaysians
Deposits are protected for $53,234.
Philippines' liquidity at 5.6% YoY in April
It was slower than the 5.7% YoY in March.
RBI approves Zurich's 70% stake in Kotak Bank’s insurance arm
The acquisition is worth Rs5,560 crore.
Filipinos collectively spent 42 years on digital lending apps in 2023
About 63.4% of the time was spent on platforms offering personal loans.
High-net-worth market hits 4.8% in 2023
Thanks to an improving equity market and better macroeconomic environment.
ANEXT Bank boosts cross-border transactions sixfold
About 69% of its customer base are micro businesses.
HDBank is the first Vietnamese lender to share a sustainability report
It plans to become a net zero bank.
Crackdown may slow Vietnam banking processes: S&P
Vietnamese bank’s failure reveals corruption, fraud and violations in sector.
Australia, NZ retail banks face tougher headwinds
Both loans and deposits will see increased competition.
HSBC Singapore to open three wealth centres by 2025
The bank aims to boost client-facing roles by more than a third by 2028.
Citic Group’s liquidity ‘sufficient’ for Huarong Financial buyout
By 2023, cash in hand of $3.7b was enough to cover the acquisition.
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