Retail Banking
PwC, StanChart release analysis on CBDCs' role in future banking
                                                                                 
                    
                    The paper highlights CBDCs programmability and how they can revolutionise retail, trade, and supply chain finance.
                
                                
            PwC, StanChart release analysis on CBDCs' role in future banking
                                                                                                                 
                            
                            The paper highlights CBDCs programmability and how they can revolutionise retail, trade, and supply chain finance.
                        
                                                
                        
    
                    Public Bank unveils PB SecureSign in major security overhaul
                                                                                                 
                        
                        This is in line with the bank’s commitment to boost cyber protection.
                    
                                        
                    
                HSBC unveils new measures to support Hong Kong, mainland startups
                                                                                                 
                        
                        A specified lending fund was increased to $3b.
                    
                                        
                    
                Axis Bank names Nurani Subramanian Vishwanathan as independent director
                                                                                                 
                        
                        Vishwanathan has had diverse experiences as a central banker since 1981.
                    
                                        
                    
                Indian banks’ profits to stabilize; weak assets to persist for some
                                                                                                 
                        
                        Weak assets are expected to make up 5.2% of gross loans for FY2023.
                    
                                        
                    
                Public Bank posts 22.6% net profit surge in Q1
                                                                                                 
                        
                        It expects market volatility to be heavily influenced by US and EU banking environment.
                    
                                        
                    
                Cambodia's Sathapana Bank incorporates AI for credit risk management
                                                                                                 
                        
                        It aims to power its credit risk management with Artificial Intelligence (AI).
                    
                                        
                    
                Hang Seng warns customers of faux Instagram account
                                                                                                 
                        
                        This is the fifth time in May that Hang Seng Bank warned of a fake account.
                    
                                        
                    
                Maybank records 10.7% increase in Q1 profits
                                                                                                 
                        
                        The group’s profit before tax also grew 2.7%.
                    
                                        
                    
                Hang Seng says ‘be vigilant’ of new deceptive sites
                                                                                                 
                        
                        Fraudulent websites may display the bank’s logo.
                    
                                        
                    
                HSBC names new South Asia head of wealth and personal banking
                                                                                                 
                        
                        Kai Zhan g will be responsible for expanding wealth management across South Asia.
                    
                                        
                    
                Hang Seng organises $100m social loan for Unistress
                                                                                                 
                        
                        This funding will entail establishing schools for children and transitional homes for low-income households.
                    
                                        
                    
                HSBC appoints Wing Tai Properties CEO as independent non-executive director
                                                                                                 
                        
                        Cheng has also been named to HSBC’s remuneration committee and risk committee.
                    
                                        
                    
                Taipei’s Fubon Bank reports record-high Q1 profits
                                                                                                 
                        
                        Credit card issuance also saw a surge.
                    
                                        
                    
                Central bank rate cuts could raise Philippine banks’ earnings by 2.6%
                                                                                                 
                        
                        Every 100bp rate cut would free PHP106b of liquidity.
                    
                                        
                    
                Bank of East Asia to open select HK branches seven days a week
                                                                                                 
                        
                        Cash transactions will not be available during the weekends.
                    
                                        
                    
                Standard Chartered-FIS’ Worldpay to boost Straight2Bank Pay reach
                                                                                                 
                        
                        This hopes to ramp up the bank’s functionalities to cater for businesses in Asia and other markets.
                    
                                        
                    
                 
            	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                	         
                             
                     
                             
                     
                             
                             
                     
                             
           
                                 
                                 
                                 
               
                                     
                                     
                                     
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
 
                                                                                                
                                                
                                                                                                                                         
                 
                 
                 
                 
                 
                 
                