08/07/2019
Financial Wisdom to shut down
As at August 1, there was 317 advisers licensed by Financial Wisdom.
Retail Banking
08/07/2019
HSBC Singapore rolls out global mortgage solution, starting with property in Australia
According to HSBC, customers will also be accorded the HSBC Premier status in Singapore once they take up this international mortgage solution, giving them access to relationship manager support via HSBC's Premier International Centres in the region,
08/06/2019
OCBC’s Latest Earnings: Firing on All Cylinders
OCBC just reported its Q2 2019 earnings and its business was firing on all cylinders.
08/05/2019
Japanese asset manager completes acquisition of First State Investments
"Under MUFG ownership, we will have the financial backing and shared strategic vision to enable us to become an even stronger global investment manager.
08/03/2019
Singapore's OCBC, UOB eye regional expansion as profits grow
Quarterly earnings at both banks exceed expectations
08/01/2019
Clearstream acquires NAB’s Ausmaq
It will also allow existing Clearstream customers greater access to Australian funds.
07/28/2019
ICICI bank posts quarterly profit
But the profit fell slightly short of the estimated 20.87 billion rupees that 19 analysts had expected on average, according to Refinitiv data.
07/22/2019
Bank Islam teams up with fintech players for cashless payment services
BerryPay will provide mobile remittance services to serve foreign worker account holders by bridging them through a unique e-banking system of pseudo bank accounts to other banked and non-banked recipients and vice-versa.
07/22/2019
Orion bets big on small loans
“This project was a steep learning curve for us, but we now have a good system and have put in a strong team behind it.
07/18/2019
Franklin Templeton boosts retail distribution
Ramsay joins Franklin Templeton from Australian Unity Wealth where he was national manager, strategy
07/15/2019
Top Thai Bank’s Digital Platform to Drive Loan Growth Surge
Expects near eight-fold increase in lending via mobile app
07/14/2019
Let’s Talk Luxury
Maybank launches Premier bank services and Visa Infinite Card in the Philippines
07/12/2019
Thailand's biggest bank invests in ride-hailing unicorn Go-Jek
Siam Commercial Bank eyes fintech connection with fast-growing local app
07/12/2019
DBS named World's Best Bank by Euromoney, a first for an Asian bank
The bank's latest award follows two other honours last year.
07/09/2019
HSBC launches virtual accounts for corporate clients
The offering is called HSBC's Next Generation Virtual Accounts, and it reaches beyond payments to liquidity management and control of cross-border accounts.
06/25/2019
New digital banks challenge HSBC’s Hong Kong dominance
Competition threatens to squeeze profit margins and compel more spending on technology
06/23/2019
Landbank expands rollout of digital onboarding system
Since its launch in 2018, more than 98,000 accounts have so far been opened through the system, Borromeo said.
06/21/2019
Banks Not Seeing Revenue Growth Despite Technology Investments
It found that while half (50 percent) them are achieving higher profitability, this is the result of lower operating costs and not revenue growth.
06/21/2019
UOB Kay Hian emerges as suitor for DBS Vickers' remisier base
Sources say the two parties are in talks for the transfer of the remisiers and trading reps as a group
06/21/2019
NAB makes $2bn lending commitment to tech companies
“NAB can support technology companies at every stage of their development - from NAB Ventures which backs starts ups through to big business.”