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Currencycloud obtains In-Principle Approval for MPI licence in Singapore
It offers to ability to collect, convert, and spend multiple currencies across 180 markets.
Currencycloud obtains In-Principle Approval for MPI licence in Singapore
It offers to ability to collect, convert, and spend multiple currencies across 180 markets.
Thailand publishes rules for virtual bank license applications
Applications begin on 20 March until 19 September 2024.
CIMB Personal Loan offers 2.8% interest rate per annum
Loans of over S$30,000, with a tenure of at least 3 years, can qualify for this.
New rules, price caps to push more mergers amongst Indonesia’s P2P lenders
The regulations will raise compliance costs, but price caps will make it hard to offset them.
Japan to break free from negative rate policy after wage hike: analyst
The negative rate environment is likely to end in April 2024.
Public Bank net profits up 8.7% in 2023; 10 sen interim dividend proposed
Total dividend is 19 sen per share for 2023, to be paid out on 22 March.
Indian commercial banks’ bad loans declined by 21.1% in 2023: analyst
Net non-performing assets dropped to a record low in Q3 FY2024.
Expected gov’t support to prop up the Industrial Bank of Korea’s solvency: analyst
Exposure to the property sector remains small and does not pose material risk.
Maybank Singapore gave out up to S$1,250 to junior employees
The one-time payment was given out in February.
DBS, OCBC, and UOB post combined net interest income of $8.3b in 4Q23
4Q23 marks the 5th consecutive quarter that the combined NII of the big three was above $8b.
Hong Kong’s mortgage demand rose 36.8% in January
Loans for brand new and resale residential properties registered double-digit increases.
RHB Bank net profit rise in 2023; net credit costs to rise in 2024
Net interest margin is expected to be “flattish” in 2024 at 1.9%.
South Korea’s interest rates for new deposits, loans fall in January
Average interest rate for new loans taken by large firms dropped 12 basis points.
Japan banks’ domestic assets at $9.4t in January
Banks hold an additional US$1.6t of assets in their overseas branches.
JCB offers 10% cashback to Skyliner ticket
Members with a JCB card issued outside of Japan can avail of the cashback.
South Koreans’ card spending up 32% to $19.22b in 2023: report
The number of Koreans who traveled overseas tripled in 2023.
Model risk management vital for banking innovation
Ensuring effective decision-making and addressing new challenges like climate risk through robust model risk management.
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