News

Digital Wallet Group acquires REPL

The firm plans to expand mobile remittance technology in the country.

Digital Wallet Group acquires REPL

The firm plans to expand mobile remittance technology in the country.

Bank of China’s diverse portfolio to weather default storm over next two years

BOC’s non-performing asset ratio is expected to steadily decline in the next 24 months.

Improving operational efficiency and decision making through increased use of AI and machine learning

SmartStream’s Robin Hasson and Andy Burner, together with Standard Chartered’s Vikram Gupta discussed their thoughts on the increased demand and dependability on artificial intelligence and machine learning, as well as the opportunities and threats that come with its adoption. 

China makes biggest cash injection in banking system since February: report

The PBOC has injected a net CN¥120b into the system for this week.

Kenanga Investment Bank net profit surges 4-fold to RM64.7m in H1

This reflects an almost four-fold increase from the same period last year.

Indian banks strong buffers to limit risk of COVID-19 resurgence: analyst

Several factors will help Indian banks mitigate their risks.

TransBank, Credit Bank marks first day of merger

The merger was approved by the Bank of Mongolia last July.

How financial firms can take climate action beyond CSR campaigns

SAP tells Asian Banking and Finance how to manage climate risks in the financial industry.

More mergers of small Australian banks imminent: analysts

Two mergers were announced in August alone, and as regulatory costs remain high, more might seek to consolidate.

South Korean regulator nominee reject cryptocurrency as financial asset: report

Koh also reiterated his commitment to curb increases in household debt.

Ping An Bank profits up 45% in Q2, but NIM contraction to continue

Whilst fee income and loan growth is robust, capital position weakened.

Hong Kong’s ZA Bank hits 400,000 users

This is equal to 5% of the city’s total population.

Citibank Korea postpones exit plan decisions until September —report

This marks the second delay in its exit plan decision.

Chart of the Week: Australia card payments value to rebound 8.3% in 2021

The rising use of contactless and e-commerce payments will support the growth of the segment.

Deutsche Bank Wealth Management appoints new SEA investment team head

Alania Conception is previously head of investment consulting for Credit Suisse Singapore and Malaysia.

SEA fintechs to shift focus on profits as adoption gains pace: Fitch

The region’s large unbanked population underpins its market potential.