News
Alternative payments disrupt Philippines’ e-commerce payment market
GCash is king in the country.
Airwallex rolls out virtual borderless card in Singapore
Businesses will be able to transact in more than 140 currencies and wherever Visa is accepted.
Malaysia grants five digital bank licenses
Two will be Islamic digital banks.
HSBC unveils Well+, incorporates banking and insurance in one platform
Customers can earn rewards of up to $2,000.
RHB, Boost secure Malaysian digital bank license
Boost will own 60% of the digital bank whilst RHB will own 40%.
DBS, Xero simplifies SMEs loan application with data-sharing partnership
Xero customers now has the option of sharing their transaction records to DBS.
South Korean banks’ interest rates rise to eight year-high: report
The rising rates have spawned worries in households' repayment abilities.
UOB profits down 11% to S$906m in Q1 amidst market volatility
Loan fees grew, but credit card and wealth fees recorded declines.
OCBC reports S$1.36b net profit in Q1
Profits were 10% lower than last year, but 39% higher than Q4 2021.
DBS posts US$1.3b net profit in Q1, second-highest on record
Wealth and investment banking fees were lower after 2021’s exceptional year.
Sumitomo Mitsui appoints former J.P Morgan banker as head of M&A advisory of SFDA
The newly created role sees Chirolli leading SMBC’s M&A advisory efforts in Asia.
Standard Chartered Hong Kong buys virtual land in metaverse
The Sandbox’s Mega City district is touted as a culture hub inspired by Hong Kong.
Weekly Global News Wrap: HSBC profits slide in 2021; UBS posts best Q1 profit in 15 years
And Swedish bank SEB signs up its first banking-as-a-service client.
6 in 10 Singaporeans have high trust in banks
Only 5% have low trust in the banking industry.
Dah Sing Bank resumes normal business operations in all branches
Kwun Tong and Tokwawan branches are set to reopen in 3 May.
DBS, Manulife Singapore launch insurance starter plan ProtectFirst
Customers can choose from three plans that focus on illness, life protection, or accident coverage.
Japan’s Shizuoka Bank maintains strong loan quality as profits continue to be weak
The bank has the strongest capitalization amongst regional banks in Japan.
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