News

StanChart signs MOU with Tazapay to enable digital escrow services in Proxtera

The bank will facilitate the opening of bank accounts in Tazapay.

StanChart signs MOU with Tazapay to enable digital escrow services in Proxtera

The bank will facilitate the opening of bank accounts in Tazapay.

Need for speed: Industry leaders weigh on digital innovations in banking

Financial literacy is a prong that must be reinforced to improve digital services.

SB Finance, OneConnect to develop digital finance platform in the Philippines

It seeks to service the 65% of Filipinos who remain unbanked.

China injects $15.5b cash into the financial system to maintain liquidity: report

The nation’s top leaders recently described economic recovery as “unbalanced and unstable.”

Chart of the Week: Card payments in China to rebound 21.3% in 2021

Card payments are set to rise as economic activities gathers pace.

Citi APAC adds nearly 650 new wealth professionals in 2021 so far

The group has added over $5b in net new money in Q1 alone.

Goldman Sachs ramps up China ambitions with hiring spree: report

It is planning to add over 400 new people in its headcount in 2021 alone.

Citi appoints new head for private banking arm in South Asia

Lee will have direct responsibility over the private bank arm of Singapore, Malaysia.

Citi APAC rolls out gender diversity program for investment, securities arm

The program’s 50 top candidates will have the chance to be recruited by the bank.

Standard Chartered, EastWest on the blueprint for building the bank of the future

Data is the new oil, says Sarabjit Anand, Standard Chartered’s CIO for Singapore and ASEAN.

Low costs buoys Australian banks’ profits, but pressures to persist

Operating profit is 46% higher than last year, but pre-impairment earnings remain subdued.

HSG shares insights on modelling core banking IT for the digital economy

Sisi Yu gives us a glimpse of how banks can achieve higher performance through improved services.

OCBC net profit more than doubled in Q1, wealth on the rise

Wealth management income jumped 40% in Q1 from the previous quarter.

China’s digital currency fails to excite locals: report

Chinese people showed little interest in switching from mobile payment systems of Ant, Tencent.

Malaysia’s Maybank will no longer finance new coal activities: report

The bank was criticized by NGOs in Malaysia and Indonesia for funding coal plants.