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MAS forms Project Guardian Industry Group with 11 FIs
The report explores the application of CPMI-IOSCO principles for financial sector infrastructures to emerging models of digital asset networks.
MAS forms Project Guardian Industry Group with 11 FIs
The report explores the application of CPMI-IOSCO principles for financial sector infrastructures to emerging models of digital asset networks.
Alipay+ payments now accepted across 2,400 7-Eleven Malaysia stores
Users of AlipayHK, GCash, Kakao Pay, and TrueMoney can now use their mobile wallets in these stores.
Vietnam’s HDBank sets up Korea desk
It will provide Korean corporates with specialized banking products and services.
SBI Holdings now own 53.74% stake in SBI Shinsei Bank: report
Shinsei is preparing to delist and return $2.43b in public funds.
South Korean outlines new measures to improve FI's internal controls
Financial companies must clearly designated internal control responsibilities of each exec.
CIMB emphasises promise of SME assistance
CIMB has granted over RM1.0b ($210m) in financial payment SME relief assistance
Islamic Development Bank, WHO start healthcare investment platform
The Islamic Development Bank is part of the collaboration where Malaysia and Indonesia are country members.
NIM to offset China CITIC Bank elevated credit costs: Moody’s
The reopening of mainland China will drive sales of wealth management and insurance products.
OCBC Wing Hang's capitalisation, profits to offset real estate risks: Moody's
The bank’s exposure to real estate markets may affect asset quality.
MUFG buying 80.6% shares in Indonesia’s PT Mandala Multifinance Tbk for $468m
MUFG will hold 70.6% of shares whilst PT Adira Dinamika Multi Finance Tbk will hold 10%.
Rising costs weight on KB Kookmin Cards’s profitability: Moody’s
Cash flow and liquidity are weak, but credit profile will remain resilient over the next 12-18 months.
APAC regulators begin conducting climate risk stress tests: CreditSights
At least seven APAC central banks and supervisory authorities have accomplished at least one version and published the results.
OCBC unveils digital account opening for foreigners moving to SG
Individuals from Malaysia, Indonesia, mainland China, and Hong Kong can avail of the service.
Five HK banks, HKECIC team up to underwrite risk on domestic sales in China
The collaboration targets to boost insurance protection for Hong Kong exporters.
Hong Leong Bank, Chubb Life collaborate to offer life insurance in Vietnam
The bank’s range of life insurance solutions is in line with its goal of financial inclusion.
Alipay, Mastercard enables visitors to transact digitally in China
Regardless of the origin of their Mastercard card, travellers can opt to choose this payment method.
Vietnam is Australian FIs' top pick to build digital hubs
The location is amongst the best to pursue software development, data analytics, and digital testing.
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