Payments, fintech and the money moves powering Asia's retail economy.
Huawei is eyeing opportunities in digital finance to diversify its revenue mix amid ongoing U.S. sanction pressure against its smartphone and telecom equipment business. Huawei is the latest major Chinese player to make an entry into the global digital…
DBS’ securities joint venture in China will officially commence business operations after receiving its license from the mainland regulator. Securities joint venture DBS Securities (China) will kick off operations, according to a statement, effective…
Unobank will be entirely regulated under the Digital Banking License framework in the Philippines. DigibankAsia, a Singapore-headquartered fintech, has become the first fintech to receive a license to operate a digital bank in the Philippines, it announced in…
Standard Chartered has lost a managing director and senior private banker in Hong Kong. Phoebe Chow has left Standard Chartered Private Bank, sources said after more than four years with the British lender. When contacted, a spokesperson for the bank declined…
Vietnam’s benchmark VN-Index has surged 34.51 percent in the first half of this year, marking the highest increase in the world. Abu Dhabi was second with its stock market rising 33.06 percent, followed by Austria with 32.65 percent, according to China-based…
The strategic partnership allows the bank to operate in the cloud in Indonesia, where banking data must remain in-country, according to an announcement this week. The digital bank will use Mambu’s SaaS banking platform and Google Cloud to offer new services…
The Wirecard scandal continues to unravel as authorities in the Philippines file criminal complaints against its former chief operating officers and others. The Philippine’s National Bureau of Investigation (NBI) filed criminal complaints against individuals…
China’s crypto crackdown continues to ramp up as it banned several influential social media accounts focused on crypto-related content over the weekend. At least a dozen popular Weibo accounts featuring content about cryptocurrencies have been suspended or…
The bank is deploying digital functionalities to keep clients stay engaged with relationship managers and investment advisors while travel is halted. Since April, almost half of its affluent clients have been using the bank’s My RM app, with significant usage…
The bank’s headquarters in Central will be open to all employees from Monday, as the fourth wave of Covid-19 infections ease in the territory. Staff will be able to return to their desks subject to seating capacity plans in individual departments, citing an…
J.P. Morgan is seeking regulatory approval to obtain full ownership of its mainland Chinese securities joint venture. J.P. Morgan has applied to regulators for approval of its full ownership of the securities joint venture, according to a report citing China…
The wealth planning specialist catering to ultra high net-worth individuals began her career 16 years ago as a wealth management associate at Citi. Faye Ong, previously head wealth planning for South Asia at Union Bancaire Privee, has rejoined the bank as…
A new study by the payments giant reveals the growing popularity of digital payment methods such as online wallets, mobile contactless payments and QR code payments among Singaporeans. The ongoing Covid-19 pandemic is hastening the demise of cash-based…
The number of new stock trading accounts opened by retail investors in May topped 113,670, a new monthly record, according to the Vietnam Securities Depository. May was the third month in a row in which more than 100,000 accounts were opened. There were 3.2…
Outsourcing giant Cognizant has had to let dozens of staff in Switzerland go as UBS continues its policy under CEO Ralph Hamers of bringing entire IT departments back in-house. Both the major Swiss banks, UBS and Credit Suisse are long-standing Cognizant…
The latest chapter of the Malaysian government’s asset recovery efforts follows effective settlements recently achieved. The Malaysian government has received a remittance from Deloitte totaling RM336 million ($80 million) in relation to 1Malaysia Development…
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Read by retail operators, investors and brand teams across Asia.