News
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.
Singapore's central bank may extend $225m fintech funding programme beyond 2020
It eyes increased investments in cybersecurity and AI.
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.
Which credit card enjoys the highest customer satisfaction rate in Singapore?
AMEX pulled ahead of DBS and PSOB.
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.