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MAS, IFSCA sign MOU to strengthen supervisory cooperation of financial services

The MOU was signed in the presence of India’s prime minister Narendra Modi.

MAS, IFSCA sign MOU to strengthen supervisory cooperation of financial services

The MOU was signed in the presence of India’s prime minister Narendra Modi.

DBS names Lim Chu Chong as president director of DBS Indonesia

Lim is currently the COO of DBS’ Institutional Banking Group.

Australia’s fintech investments down 75% in Q2

If it continues this trend, fintech investments will be down 39% in 2022.   Financial technology (companies in Australia raised $0.8b of capital during the first six months of the year, according to data gathered by Fintech Global. 

JLL Hong Kong, Kai Shing Mgmt tenants can now pay via WeChat Pay HK app

Users simply need to input their e-Bill number to pay their management fees.

Dah Sing Bank temporarily closes 3 branches

Its Shatin and Sha Tsui Road branches will reopen Friday, and Fortress Hill on Monday.

Philippine Bank of Communications names new independent directors

They have also been assigned to the bank’s RPT committee.

SMBC concludes MOU with the Eastern Economic Corridor Office of Thailand

SMBC will introduce clients entering or expanding in Thailand to the EECO.

PayMongo, Atome offers BNPL services to 10,000 Philippine merchants

This comes as the share of cash payments is expected to fall further by 2025.

Citi names C.R. Sambamurthy as Asia head of Citigold

Sambamurthy has a 34-year career with Citi prior to his new role.

Philippine fintech startup PayMongo launches partnership with Atome

The partnership will enable the expansion of BNPL services on the payment platform.

Weekly Global News Wrap: HSBC sells Russia business to Expobank; Julius Baer to freeze hiring

And HSBC’s UK unit plans to stop collecting gender data as part of inclusivity push.

Taiwan banks’ profits flat in 2023

Bottom lines are expected to remain flat in the same year.

ING Bank begin discontinuing retail product services in the Philippines

The bank’s app will be decommissioned by the end of 2022.

Volt Bank returns deposits to customers after announced closure

The bank struggled to raise enough funds to sustain its business.

Credit card keyword searches in Australia skyrockets by 81%

Approximately 75% of keywords were related to activating a new credit card.