News

Vietnamese neobank Timo partners with Mambu to offer cloud-core banking services

Vietnam’s banking industry is ripe for disruption with low financial inclusion but high smartphone ownership.

Vietnamese neobank Timo partners with Mambu to offer cloud-core banking services

Vietnam’s banking industry is ripe for disruption with low financial inclusion but high smartphone ownership.

Hacker returns $260m of stolen crypto tokens to Poly Network

About $354m in crypto funds, mostly Ethereum tokens, are yet to be returned.

Cross-border payment startup Currenxie secures $10m Series A funding

The Hong Kong-based firm was founded by Goldman Sachs alumni.

AirAsia's BigPay secures $100m from South Korean conglomerate

The funding is just one step closer to BigPay’s ambition to be the largest challenger bank in SEA.

HSBC Singapore unveils enhanced int'l benefits for premier customers

Customers’ immediate family can enjoy a suite of benefits with no minimum balance required.

Japan’s bank lending slowest in nine years: report

The slowdown reflects sluggish consumption as households hoard cash.

COVID resurgences pose risks to APAC’s structured finance deals

Deals in India, Australia, Japan, and South Korea are the ones at most risk.

India’s COVID surge to impede borrowers’ debt repayment capacity: Moody’s

The economy will return to growth by end of the fiscal year, but asset quality will remain in doldrums.

Singapore fintech investments reach $614.2m in H1 with smaller deals

The total transaction value is smaller than in H1 2020 but deal numbers are at a three-year high.

Bank of the Philippine Islands to cease coal financing by 2033

BPI aims to stop lending 45% of coal-fired powered projects.

South Korea card payments up 7% in July despite COVID resurgence

Online card payments are 28% higher than in July 2020.

NAB buys Citi’s Australian consumer business for $882m

Citi Australia’s senior management and about 800 employees are expected to join NAB.

Hong Kong finance experts on optimizing customer journeys whilst mitigating fraud risks

LexisNexis Risk Solutions and Asian Banking & Finance's latest webinar discussed ways on how the most tech-savvy banks are safeguarding their clients' data whilst not compromising services.

Over $6b of Indian banks’ loans in possible jeopardy: report

Future's botched sale of retail assets could lead to problems for State Bank of India, other lenders.

Singapore banks push ahead to post-pandemic era

Significant loan book exposure in China is helping them recover faster than their regional peers.

Bank of Thailand base rate to hold through 2022: Fitch

This comes at the back of a bleak economic outlook due to the recent COVID-19 outbreak.

Singapore Fintech Festival 2021 to discuss Web 3.0 for financial uses

It will take place from 8 to 12 November as a hybrid event.