Hong Kong
Mastercard, Dah Sing Bank, BBPOS launch mobile payment app for SMEs
Tap on Phone allows merchants to accept contactless card payments.
Mastercard, Dah Sing Bank, BBPOS launch mobile payment app for SMEs
Tap on Phone allows merchants to accept contactless card payments.
Hong Kong banks' profits threatened as nCov drags on credit demand, interest margins
Average credit losses are estimated to be 25bp-30bp.
Bank of East Asia closes 20 branches due to coronavirus
ATMs located within closed branches will also be unavailable.
HSBC mulls fleeing Turkey amidst bearish economy
The bank will sell its operations in the country if it can find a local buyer.
Banks urge Hong Kong staff to work from home after travels from China
Global banks are stepping up their measures amidst the coronavirus scare.
Chart of the Week: Hong Kong card payments to hit $7.67b by 2023
The number of card payments is expected to hit 1 billion in 2020.
Hong Kong's ZA Bank offers 6% introductory rate for deposits: report
The virtual bank’s rate is said to have outpaced the big traditional players’ offers.
Economic downturns threaten HSBC profits, restructuring: analysis
Low confidence levels could reduce demand for credit and lending and revenue growth.
Hang Seng Bank names Yeo Chee Leong as new chief risk officer
He previously served as head of wholesale credit and market risk for two years.
Hong Kong virtual banks to make up 2-3% of total deposits by 2020: report
They are expected to attract “tens and thousands of customers" each.
Citibank rolls out one-stop mobile account app
Applications can be completed in a minimum of 10 minutes.
DBS Hong Kong launches fully virtual wealth management account
Customers can now set-up a multi-currency savings and wealth management account through their smartphones.
Bank of East Asia forges digital banking partnership with five firms
Customers can apply for loans and purchase products online in these platforms.
Hong Kong bank profits may take hit amidst protests: report
Asset quality will also weaken, according to analysts.
Hong Kong cuts banks' capital buffer as protests persist
This releases an additional $25.5b into the economy.
Approved mortgage loans in Hong Kong dipped 2.8% in August
The number of mortgage applications also fell by 26.5%.
Incumbent lenders rethink business models in race against virtual banks
ZhongAn International, the company behind one of the city's virtual banks, weighs in on the opportunities and challenges ahead.
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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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