News
Bank of China HK disables screen capture, recording on Android apps
This was due to a rise of malware scams.
Bank of China HK disables screen capture, recording on Android apps
This was due to a rise of malware scams.
Maybank opens Islamic wealth management hub in Singapore
It will offer end-to-end Islamic wealth solutions.
Mastercard, NEC to offer in-store biometric payments in APAC
This follows Mastercard’s Biometric Checkout Program, launched in Brazil in 2022.
Singapore, Indonesia launch cross-border QR payment linkage
Customers can now pay with the QRIS and NETS QR offered in the two countries.
Citi completes sale of Indonesia consumer business to UOB
This marks Citi’s ninth and final full consumer divestiture in Asia.
OCBC to acquire Indonesia’s Bank Commonwealth for $191.4m
PT Bank OCBC bought almost 100% shares in PT Bank Commonwealth.
FinTech industry poised for huge change thanks to AI: MAS
The festival will address both the promises and pitfalls of AI in the financial industry.
Maybank eases cross-border fund transfers between SG, Malaysia
The bank added over 50 DuitNow participating institutions where customers can send money over.
Japan’s Mizuho Bank sees profits rise 24.4% in H1
Full year dividend is expected to be JPY100 for 2023.
Alipay+ now accepted at PayNet’s DuitNow QR merchants in Malaysia
Alipay+ will add more partners in the near future.
OCBC extends S$16m green-linked loan to textile and apparel company Ghim Li
The loan was made through the ESGpedia platform.
Singapore fintechs expand footprint in Australia through Project Lorikeet
The initiative aims to boost fintech trade and investment between Singapore and Australia.
Citi sells $3.6b China consumer wealth portfolio to HSBC
The deal does not include the bank’s institutional business.
DBS net profit up 18%; 48 cents interim dividend announced
Citi Taiwan contributed S$10b in loans.
Visa launches updated security roadmap for Hong Kong
Amongst initiatives include reduction of SMS OTP reliance and adoption of tokenisation.
MAS and Bank Indonesia extend bilateral financial arrangement until 2024
The agreement between both central banks was extended to 2 November 2024.
IRDAI assembles taskforce for bancassurance
The share of banks as corporate agents was 5.93% of non-life insurance and 17.44% of new business premiums in 2022-23.
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