Chinese private banks are upgrading philanthropic planning services to cater to increased demand following the country’s ‘common prosperity’ policy
Tuesday, 31 January 2023
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Central banks worldwide increasingly recognise the benefits of wholesale central bank digital currencies (wCBDCs) in making remittances and other cross-border…
Strong cross-border trade, RCEP trade pact, and deep capital market integration support international use of RMB
Digital wallets are driving a transformation of financial services around the world. The gross transaction value of all platforms in Southeast Asia grew…
China Merchant Bank (CMB), Industrial and Commercial Bank of China (ICBC) and other major Chinese commercial banks have stopped robo-advisory services…
Consistent giving through the years to his hometown of Jinjiang in China’s southern province of Fujian reveals the salt-of-the-earth generosity of Anta…
In the wake of the collapse of the FTX Group, questions are being asked about whether all players in the cryptocurrency sector suffer from the same governance…
Many HNWIs took action after COP26 to reduce the effect of climate change, but despite the expectation that more will be done, COP27 failed to deliver.
James Tran, digital bank centre head, TPBank, highlighted that the bank's digital transformation is made possible by shifting to a digital-focused business…
The founder and chairman emeritus of Public Bank, Tan Sri Dato’ Sri Dr. Teh Hong Piow, passed away at 92. He dedicated himself to building a strong banking…
UAE launched its KYC Blockchain Platform in February 2020. This national ecosystem allows data sharing between licensing authorities and banks in the country,…
Giang Pham, director of VPBank’s digital banking service centre, discussed how VPBank’s digital-only bank implementation reflects its “business by segment”…
The future of cross-border transactions took centre stage on the SWIFT programme at SIBOS 2022. Here are its top 10 takeaways.
Ti Eng Hui, CEO of Brunei-based Baiduri Bank Group described how its new core banking system will position it for the future by simplifying IT operations,…
More financial players and commercial banks are experimenting in the metaverse. However, it is unclear whether customers will adopt these ventures in their…
The mBridge pilot has tested the issuance of over $12 million in central bank digital currencies (CBDCs) and payments of over $22 million on bridge. It…
Ethereum’s recent software upgrade the ‘Merge’ is a key step in its future roadmap of development, but there remain several challenges that this emerging…
Alternative credit is flourishing in Thailand as big technology platforms fill in the lending gaps left by traditional financial institutions. Known for…
National Australia Bank (NAB), one of the leading business banks in Australia, launched Hive, a merchant portal. It will invest $100 million over the next…
Banks have not experienced a significant deterioration in asset quality of their MSME exposure, supported by various policy measures. An uptick in the…
Banks have not experienced a significant deterioration in asset quality of their MSME exposure, supported by various policy measures. An uptick in the…
Against a backdrop of legacy technology challenges and surging real-time payment volumes, the pressure for the industry to collectively upgrade the existing…
The weak sales growth for this year’s Double 11 shopping festival was largely driven by the depressed consumer sentiment and logistical disruptions under…
Alex Manson, head of SC Ventures, the fintech investment and venture capital arm of Standard Chartered, talked about how banks and fintechs are collaborating…