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Home Credit Vietnam has been awarded ‘Finance Company of the Year’ for the second consecutive year, and also received the ‘Sustainability Initiative of the Year’ at the Asian Banking & Finance Retail Banking Awards 2026. The awards acknowledge the company’s…
In a recent development, Alexander Wong, ex-managing director of the now-inoperative Credit Suisse, has taken up a new role at Citi’s investment banking division in Asia. Alexander Wong Joins Citi’s Investment Banking Division Citi has officially announced…
Swiss banking giant UBS is preparing for a comprehensive round of job cuts due to the slower and more expensive than anticipated integration of Credit Suisse. Insider data shows that approximately 10,000 jobs are predicted to be cut by 2027, a substantial…
Samsung is reportedly preparing to launch a Samsung-branded credit card in the United States, in a strategic collaboration with Barclays that will capitalize on Visa’s extensive global payment network. Samsung Eyes U.S. Financial Sphere Samsung is reportedly…
The Swiss Federal Administrative Court’s partial ruling on October 13, 2025, sparked controversy over the legal legitimacy of deeming Credit Suisse’s AT1 bonds valueless. This occurred subsequent to an appeal lodged by Swiss financial regulator, Finma. Now,…
The Swiss Federal Administrative Court issued a partial ruling on October 13, 2025, which put up for debate the legality associated with deeming Credit Suisse’s Additional Tier 1 (AT1) bonds as worthless. The ruling came in response to an appeal lodged by…
The recent iOS 26 update has unveiled a host of minor enhancements, including a significant upgrade to the Apple Wallet. The digital wallet can now store detailed information about all your credit and debit cards, enhancing the user experience and…
AEON Credit Service (Asia) Company Limited has announced promising financial results for the three-month period ending May 31, 2025, showcasing its resilience and strategic focus in a competitive market. The company recorded a revenue of HK$442.2 million…
On Tuesday, UBS announced a dynamic new partnership with US-based General Atlantic, aimed at transforming the private credit landscape. This strategic collaboration is set to provide clients with enhanced access to direct financing and innovative funding…
A trial credit scoring model that encompasses the national citizen database has proven useful for lenders as it reduces lending risks by up to 20%. The model, which is built on the standards of global credit scoring company FICO, is now almost complete with…
Payments company Mastercard on Wednesday launched a global project to recycle credit and debit cards as part of a plan to save the billions of cards in circulation across the industry from landfill. Initially partnering with British lender HSBC Holdings Plc…
The business of providing loans to small and medium firms is booming in Vietnam with the rise of several platforms offering more accessible credit than traditional banks. Bonbon shop, a platform that helps 35,000 grocery stores connect with over 24 major…
Significantly lower credit impairments coupled with positive business momentum led to a surge in Standard Chartered’s pre-tax profits for the third quarter. Standard Chartered posted $1.075 billion in pre-tax profits for the third quarter, according to its…
Two Singapore startups will help the payment giant accelerate innovation around digital asset technology. Singapore-based Mintable, a non-fungible token (NFT) marketplace; and Stacs, which provides a blockchain infrastructure for the financial industry to…
Bank credit growth from January 1 to June 15 was 5.1 percent, double the rate recorded in the same period last year. The jump came despite the fourth wave of Covid-19 because the State Bank of Vietnam made monetary policy more flexible and directed banks to…
Mastercard and its partners N-Frnds, SGeBIZ and Finastra have formed an alliance with the support of the Asian Development Bank (ADB) to create technology solutions to drive greater digital efficiency across the retail supply chain in Asia and increase…
