News

China may launch digital currency in 2-3 months

They already have a system and network ready.

China may launch digital currency in 2-3 months

They already have a system and network ready.

Weekly Global News Wrap: HSBC and RBS gears up digital banking platforms; Former bankers from Deutsche, Nomura fined $162m

And Deutsche Bank AG top officials worry that its new senior hire may not be up to the task.

Chart of the Week: Systemic risks still weighing on Asia's fintech markets

Even the world’s biggest fintech market, China, suffers from substantial industry risk.

Malaysia's central bank extends maximum tenor of repo to 5 years

This expands the previous deadline of only one year.

South Korea launches digital open banking service

Users may access all local bank accounts through their own mobile banking apps.

Rocky road ahead for profits of China's smaller banks

Their reliance on government bonds and lack of structural change are worrisome in the long-term, according to Natixis.

Singapore seeks to be Southeast Asia's virtual bank and fintech hub

It seeks to tap into a digital channels market which could be worth $110b by 2025.

Australian banks' earnings to remain under pressure in FY2020

No thanks to growing customer remediation costs.

Indonesia's wealth management prospects brighten over affluence growth

Mass affluent individuals are expected to grow to 1.6 million by 2022.

Philippine household lending grew 26.2% in September

This was due to growth of motors, credit card, and salary-based consumption loans.

Chart of the Week: China to dominate Asia's retail lending market

The domestic market will grow at a CAGR of 13.7% from 2019-2023.

Cards gain traction in cash-heavy Japan

Total card payments value will hit over $750b by 2022, according to analysts.

Malaysian banks still struggle with sluggish loan growth

Loans grew by just 3.8% in September amidst persistent weakness in business loans.

Chinese banks risk losing $61b revenue in payments by 2025

Digital payments and non-banking payment service providers are displacing them.

Thai banks hit by sluggish growth

Earnings rose by a marginal 1% in Q3.