News

1 in 3 Singaporeans use digital investment apps

There is a desire in the local population to increase private wealth, says UnaFinancial.

BPI doubles GCash e-loading fee

GCash loading via ECPay fee will be charged PHP10 starting March.

Malaysia’s Alliance Bank opens new branch in Saradise Kuching

The branch has launched exclusive offers to commemorate the launch.

South Korea to fine two global investment banks for naked short selling: report

The two banks made five naked short selling orders between 2022 and 2023.

Singapore now has S$3.2b in funds ‘locked’ to prevent scams: ABS

Around 38,000 accounts now make use of local banks’ money lock feature.

Boost-RHB digital bank clinch official approval to commence operations

Boost Bank aims to pave the way for a new era of embedded finance

Vietnam fintech funding plummets 84% in 2023

For the second year in a row there were no late-stage funding rounds.

Expect ‘stagnant’ Chinese structure finance market in 2024: S&P

Issuance momentum of dominant segments will reportedly remain slow.

37.6 million credit cards active in Taiwan in November: FSC

The number of cash cards remained the same as in October, however.

Bank lending to Korean households rose slower in December 

Home mortgage lending continued to expand, but other loans contracted.

Philippine bank lending up 7% in November 2023

Loans to production activities rose thanks to a growth in real estate and energy activities.

Standard Chartered names ex-Citi banker as head of global securities

Stella Choe was most recently head of global network banking for APAC in Citi.

Hang Seng Bank launches investment and life insurance plan

70% of Hong Kongers were unprepared for their parents' healthcare costs and children's educational expenses. 

Partner insurer payout leaps 23% YoY through Ant Group's insurance arm

Health insurance claims contributed about 5 million claims processed by partner insurers on Ant Insurance

Prudential partners with CIMB Thai for bancassurance venture

The partnership grants Prudential access to CIMB Thai’s customer base and branch network in Thailand.