Managers of Wealth Asia Pacific

OCBC Expands Indonesian Market Presence with Strategic Acquisition

The integration of PTBC into OCBC Indonesia is expected to finalize in the second or third quarter of 2024.

Citibank and AIA Hong Kong Celebrate a Decade of Bancassurance Partnership

The landmark exclusive strategic bancassurance partnership between Citibank and AIA commenced in 2014, where Citibank’s customers can purchase from AIA Hong Kong’s diversified portfolio of protection products via Citibank.

TymeBank targets Vietnam for expansion efforts

Tyme Group has reported that it now serves a total of 10.8 million customers globally across its two markets; 8.5 million in South Africa and the remainder in the Philippines.

NAB moves focus to young savers, insists deposit market is competitive

After a year-long review, the ACCC found late last year that banks had employed opaque pricing mechanisms which were hurting depositors and limiting competition.

HDFC Reportedly Seeks Singapore Banking License

The bank is planning to target the Indian diaspora through various offerings including savings, term deposits, mortgages and more.

BEA Officially Opens New Shenzhen Tower

This launch is part of a broader strategic push into the Greater Bay Area – an 11-city cluster in southern China.

BEA Becomes First Bank Headquartered in Hong Kong to Join Net-Zero Banking Alliance

It recognises the vital role of banks in supporting the global transition of the real economy to net zero emissions, encompassing both operational and attributable emissions.

Islami Bank achieves Strongest Islamic Retail Banking Award

Cambridge IFA confers this award to Islamic Retail Banks and financial institutions in the USA, Asia and Africa on the basis of global ranking.

Deutsche Bank Doubles Capital in Indonesia

The new capital injection will support the bank’s growth in the country and allow it to undertake more activity for clients.

Metrobank Gets Back-to-Back Bank of the Year Award from The Banker

This year, Metrobank has been receiving accolades from acclaimed international award-giving bodies and Philippine government agencies.

Siam Commercial Bank : SCB Wealth Holistic Experts

SCB WEALTH has revealed robust investment asset growth, surpassing industry benchmarks with a 7% yoy growth amid a challenging economic landscape.

Visa and Standard Chartered to make instalment payments more seamless for Asia Pacific credit cardholders

Standard Chartered Visa credit cardholders can choose their preferred repayment plans instantly and flexibly at online and in-person checkouts for an enhanced shopping experience

Citi Completes Indonesia Consumer Sale to UOB

In total, this resulted in a regulatory capital benefit for Citi of around $1.1 billion.

OCBC Acquires CBA’s Indonesia Unit

Following the transaction, Bank Commonwealth will be merged into Bank OCBC NISP.

Cooperation with Gojo & Company in financial inclusion

Moving forward, the two companies will work together on sharing insights and co developing solutions.

Commonwealth Bank expands financial abuse technology access

The big four bank said the AI model helps identify digital payment transactions that include harassing, threatening or offensive messages.

ANZ profit climbs as CEO cautions on fragile economy ahead

That’s likely to keep competition strong for home loans as more homeowners roll off ultra-low fixed mortgages from during the pandemic on to much higher floating rates.

In a world first, CBA shares its artificial intelligence model to help reduce technology-facilitated abuse

This announcement builds on the bank’s bid to reduce technology-facilitated abuse in light of research¹ showing 1 in 4 Australian adults have experienced financial abuse from their partner.

Jenius Bank Launches Savings Account Product in the U.S

SMBC Group will continually create new businesses that best serve and add value to customers in the rapidly evolving digital financial environment.

DBS Group: Third-quarter net profit rises 18% to SGD 2.63 billion as total income increases 16% to record SGD 5.19 billion

Nine-month net profit up 35% to SGD 7.89 billion, ROE at 18.6%