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UOB profits up 12% to US$648m in Q3
The growth of net interest and noninterest income boosted its earnings.
UOB profits up 12% to US$648m in Q3
The growth of net interest and noninterest income boosted its earnings.
Bank Central Asia on the lookout for an acquisition target
It has set aside $295 to buy another bank.
OCBC profits up 12% to US$778m in Q3
Wealth management income, which grew 12%, boosted the bank’s profits.
YES Bank's loans up 35%
The growth was led by the corporate segment.
ATM & Cash Innovation Asia 2017 to take place on November 22-23
The conference will be held at the Shangri-La, Kuala Lumpur.
Kasikornbank's full-year credit costs may exceed its 2.25% target
Credit costs only dipped 2% in 3Q17.
Standard Chartered launches new digital wealth management tool
The Personalised Investment Ideas tool is first for the retail banking industry in Asia.
Standard Chartered opens Global Business Services centre in India
The Bank expects to have 30% of GBS employees based in Bengaluru.
Deutsche Bank launches TradePay in India
It is the first paperless import payment solution in the country. According to a release, Deutsche Bank’s TradePay uses the Reserve Bank of India’s Import Data Processing and Monitoring System (IDPMS) to verify import payments by checking them against details made available by the client on the system, eliminating the need for clients to share any physical documentation. The data is then enriched by the client to meet regulatory requirements, validated by Deutsche Bank and converted into a payment-ready state. Thereafter, clients can book FX contracts electronically through TradePay, thereby streamlining the payment process. The payment authorisation can be done directly on TradePay or via the importer’s ERP system. As a result, this digitised workflow solution can help to reduce complexities and delays in the supply chain, enhance controls and transparency of payments and increase speed of settlement, while meeting regulatory requirements. Anjali Mohanty, Head of Global Transaction Banking – India at Deutsche Bank, said: “The role of treasurers has increasingly become more strategic. They are looking to their bankers for solutions, such as TradePay, that helps them gain more efficiencies and future-proof their business.” Lisa Robins, Asia Pacific Head of Global Transaction Banking at Deutsche Bank, added: “By developing innovative solutions such as TradePay, we aim to play a role in the next phase of evolution for the transaction banking industry. We are delighted to have launched this product in India, where digitalisation is advancing rapidly.”
OCBC Bank, HSBC, MUFG complete Southeast Asia's first KYC blockchain proof of concept
The banks worked with Singapore's Infocomm Media Development Authority.
RHB launches chatbot for personal loan applications
It's through a partnership with financial comparison website RinggitPlus.
Bank Mandiri to post double-digit earnings growth in 2018-19
NPL ratio is expected to fall 3%.
Standard Chartered to provide 400 additional cash points for its clients
This is through a partnership with soCash.
Citi Singapore launches Facebook Messenger chatbot
It can address account-specific enquiries and provide credit card bill summaries.
Citi Australia dead set on tripling its wealth management business by 2020
The bank will hire 100 new relationship managers over the next three years.
DBS turns Indian franchise into wholly-owned unit
It plans to build 75-90 branches in India.
Maybank's net profit up 29.9% to US$787m in 1H17
Thanks to a 43% earnings jump in Q2.