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Digitalisation amplifies data and liquidity risks
Increasing interconnectivity increases complexity and opacity.
Digitalisation amplifies data and liquidity risks
Increasing interconnectivity increases complexity and opacity.
Vietnam’s PVComBank launches mobile banking services on AWS
The platform will reportedly benefit 1 million customers of PVComBank.
South Korean domestic banks’ net income shrank 24.1% in Q1
Non-interest and non-operating income dragged down income.
South Korean banks’ bad loan rate improves in March
Delinquency rate of loans to large companies, SMEs, and households fell.
Wise launches in the Philippines with fee-free money transfer service
Users can receive and spend money internationally and create up to 3 cards.
Mizuho allots $12.95b to finance hydrogen production
The bank noted hydrogen as “key” to decarbonisation of various sectors.
Alipay+ and Thai tourism body launch D-Hub program for Chinese tourists
Over 2.35 million Chinese tourists visited Thailand in January to April 2024.
DBS Hong Kong, Sun Hung Kai subsidiary unveil green payments
The supplier payment services are for Hong Kong’s construction industry.
Mizuho’s net income climbs 22% to $4.39b in FY2023
An annual dividend of JPY105 per share has been announced.
SGX FX onboard Rand Merchant Bank on buyside platform
RMB will offer liquidity services to the OTC FX buyside platform.
Low carbon push adds $8.4b addt'l revenue for APAC banks
Between 2031 to 2050, APAC banks will likely
Only 60% of financial firms have cyber risk plans
The survey also revealed the top 10 business risks institutions are facing.
UOB appoints Mark Tan as head of internal audit in Hong Kong
Tan will oversee all audit functions for UOB Hong Kong.
APAC leads global surge in digital wallet adoption
Digital wallets in Asia-Pacific outpace global usage, driven by ecosystem integration, financial inclusion, and technological innovation.
Japan’s MUFG invests $5.9m in Hitachi to launch 1,000 e-buses in the UK
The two will make business models enabling operators to clinch EV funding.
India’s central bank names new executive director
Shri R. Lakshmi Kanth Rao was previously a head at the department of regulation.
Chinese banks’ net profits down 0.81% in Q1
Fees contracted for the first time in 5 years a quarter earlier.
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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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