News
Japan’s Nomura mulls dropping China securities joint venture: report
The JV $30.75m in 2022, and $11m in 2021.
Japan’s Nomura mulls dropping China securities joint venture: report
The JV $30.75m in 2022, and $11m in 2021.
Payments fintech YouTrip raises US$50m in Series B round
The firm is gearing up to expand in Indonesia, Malaysia, the Philippines, and Vietnam.
UOB’s net profit up 5% to S$1.5b in Q3
Net fee income growth helped drive profits.
Singapore proposes shared responsibility framework for phishing scams
Both financial institutions and telcos are held accountable for mitigating scams.
75% of Singapore SMEs mull ditching banks for payment needs
1 in 2 of SMEs in Singapore complained of lengthy processing and settlement times.
Commonwealth Bank of Australia exploring GenAI use to test products
They are exploring the creation of GenAI chatbots that emulate human behaviors.
Schroders SG, KBank launch China Private Equity Fund in Thailand
The fund offers investors access to China’s RMB private equity market.
MAS proposes fund management regulation shake-up with new framework
If approved, the existing RFMC regime will be repealed.
OCBC rolls out generative AI chatbot for employees, amongst world’s first
Over 4 million decisions in the bank are made by AI daily, OCBC shared.
Shanghai’s Fuiou Pay, Visa team up to offer cross-border funds collection, settlements
Customers can now access more than 30 currencies at competitive FX rates.
APRA notes declining deposit-taking branches, waits for senate inquiry to closures
Branch numbers have been declining by 37% since 2017.
How can financial institutions build customer loyalty in the modern era?
It’s no longer just about giving perks, but about offering experiences, industry leaders said.
Alipay+ now available for use in Sri Lanka
The app can now be used for payment in over 400,000 LankaQR merchants.
SeABank transfers 100% capital contribution at PTF to AEON arm
The transfer is valued at VND4.3t ($1.8m).
Tonik digital bank enters the insurance market
The partnership with Sun Life Grepa will offer credit life and disability insurance.
SB Finance highlights four key benefits collaboration can do for the Philippine financial industry
Abbie Casanova, SB Finance’s CEO, said finding the right partner can exponentially increase business fundamentals and market reach.
Thailand’s KBank launches the K PLUS Laos app
The app is now active in 3 countries, with 21.8 million users.
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