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CIMB hit by lower trading income in Q1 as growth remains muted
Risk aversion brought about by the general elections may impact its investment banking business.
CIMB hit by lower trading income in Q1 as growth remains muted
Risk aversion brought about by the general elections may impact its investment banking business.
CBA agrees to shell out record $529.3m penalty
The payment will settle money laundering charges brought by the financial intelligence agency.
OCBC ties up with telco firm Starhub to develop loyalty programme
Consumers will be able to exchange, consolidate, and redeem loyalty reward points across industries.
India's Capital First receives go signal for IDFC Bank merger
This follows approval from the competition commission.
Standard Chartered to split Asia operations into Hong Kong and Singapore hubs
The move aims to curb costs and simplify the bank's structure.
OCBC debuts all-digital account application
There will be no need to provide documents as it can easily link to national data repository MyInfo.
Embattled ANZ faces criminal cartel charges
The bank is grappling with a $2.3b share issue alongside underwriters Deutsche and Citigroup.
CIMB debuts one-minute car financing approval feature
A notification via text and email is delivered to the customer upon approval.
UOB rolls out monthly ‘digital clinics' to help businesses digitise
Tech experts will provide companies with tailored digital strategies to improve productivity.
CIMB Group profit up 11% to $328.38m in Q1
Lower opex and provisions buoyed quarterly earnings.
Shanghai Pudong Development Bank taps Ant Financial for digitisation programme
The bank will leverage the firm’s tech expertise in AI, supply chain finance and biometric identification.
Lower expenses push Maybank profits up 10% to $477.39m in Q1
A surge in fee-based income outpaced growth in overhead expenses.
NAB hit by nationwide technology outage
Customers were unable to access banking services for a time.
OCBC rolls out financial advisory and lifestyle programme for elderly
It will train seniors on e-payments amongst other activities aimed at safeguarding their future.
ICBC (Asia) ramps up digital investments for cross-border finance
The bank has tapped on Huawei for its growing IT infrastructure needs.
HSBC integrates personal information vault into credit card application process
Applicants won’t need to provide supporting documents anymore.
MUFG to roll out blockchain-powered payments platform
The platform can process a million transactions per second.
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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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