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Financial firms to raise gen AI spending as they seek growth benefits
Despite hype, gen AI spending is low in 2023, at around $400,000 at its highest.
Financial firms to raise gen AI spending as they seek growth benefits
Despite hype, gen AI spending is low in 2023, at around $400,000 at its highest.
Planned merger broadens TCL’s diversity, auto-market exposure
Underwriting criteria may be tightened to combat integration risks.
Fintech Paywatch secures $30m in series A funding round
Vanderbilt University and Third Prime led the investment round.
HSBC launches digital investment platform WorldTrader
It is powered by Interactive Brokers.
Taiwan’s CTBC Bank unveils new private banking platform
The bank will use the new platform to offer products and services to Hong Kong in Singapore.
Citi names HSBC banker as head of corporate banking in Hong Kong
Matthew Hung is head of corporate coverage for HSBC’s operations in the city.
Union Bank of India enjoys stablising earnings, improving asset quality
The bank’s recently announced fund raising will provide capital growth, says S&P.
Hong Kong sees 9.1% uptick in credit card spending in Q1
There were fewer transactions, but the value went up.
SEA fintechs clinch $851m of funding in H1
Digital lender ANEXT Bank was one of two major funding rounds during the period.
St. James’s Place unveil Lumina portfolios
Over 9,000 ETFs and funds were reportedly screened in the selection process.
Citi Australia names David Bailey as head of debt capital markets
Bailey returns to Australia from New York.
Mizuho floats plan to establish securities company in China
The Japanese megabank said that authorities have officially received their application.
HSBC Singapore unveils Live+ credit card for lifestyle spending
It offers an 8% cashback and 15% discount on selected transactions.
HDBank reports 6.2% credit growth in H1
The bank’s return on equity (ROE) reached 26.7%.
Basel III to improve Japanese major financial groups’ profits
However, risk-weighted assets for the four FIs are expected to rise.
Hong Kong banks’ composite interest rate falls 4bp to 2.61% in May
This was due to a decrease in weighted funding cost for deposits during the month.
Taiwan expected to keep close watch on banks’ properly loan risks
Authorities have hiked banks’ RRR to slow credit inflows and cool home prices.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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