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Indonesia upturns payments market with new foreign-friendly rules
The new regulations reduce the number of licenses and makes clinching foreign capital easier.

Top News

Weekly Global News Wrap: US banks deploy AI monitoring despite concerns; Big Eurozone banks underreporting risky assets
Banking Technology
7 weeks ago
And British digital bank Starling raises $69m from Goldman Sachs funding arm.
India's new digital payment licenses to increase competition, innovation
Cards & Payments
7 weeks ago
The NUE licensing has attracted the likes of Google, Amazon, and Facebook.
Citi to exit consumer banking in 10 Asian markets, doubles down on wealth
Retail Banking
7 weeks ago
Consumer bank presence in Singapore, Hong Kong, UAE, and London unaffected.
Malaysian banks' profits to recover faster than SEA peers: Moody's
Retail Banking
8 weeks ago
Compared to regional peers, Malaysia’s biggest lenders have the smallest share of loans under relief programs.
Citi launches digital credit card for new customers
Cards & Payments
8 weeks ago
Singapore is the first market ever where Citi has rolled out this service for new cardholders.
China's central bank urges banks to curb loan growth for rest of 2021: report
Lending & Credit
8 weeks ago
The surge in lending during the first two months of the year stoked bubble risks.
J.P. Morgan leverages blockchain solution to improve money transfers
Cards & Payments
8 weeks ago
Testing is currently under way with 12 Taiwan banks.
ABF Wholesale Banking, ABF Retail Banking and ABF Corporate & Investment Banking Awards 2021 now open for nominations
Investment Banking
9 weeks ago
Be a part of the prestigious celebration on 1 July.
South Korea's internet banking transactions up 20.6% in 2020
Banking Technology
9 weeks ago
Daily, there were than 13 million online banking transactions in the country last year.
Singaporeans more satisfied with e-wallets than banks in 2020
Cards & Payments
9 weeks ago
Customer satisfaction for e-wallets was higher than that of banks.

More News

Indonesia's PAYFAZZ, Singapore fintech Xfers form financial entity
14 weeks ago
PAYFAZZ is also investing US$30m in Xfers.
Goldman Sachs Asset Management adds BEA as Hong Kong retail market partner
15 weeks ago
Local retail investors can now access GSAM’s fund through seven retail distributors.
DBS launches facial biometrics feature for online corporate account opening process
16 weeks ago
SME business owners need only to face the camera to authenticate their application.
DBS provides $60m structured trade facility to Indonesia petrochemical producer
16 weeks ago
Chandra Asri aims to expand export growth of petrochemical products from the country.
Galvanize's Acting MD & Director, Client Partnership, Asia - Pacific & Japan shares insight on how exponential technology reshapes finance firms
16 weeks ago
Robert Luu was one of the speakers in the recently concluded ‘Utilising exponential technology for business' transformation’ webinar.
TransferWise renamed to Wise, to expand APAC reach
16 weeks ago
Over 70 people will be hired in the country this year.
Deutsche Bank launches payments platform for Thai corporate clients
16 weeks ago
It will facilitate local collections through payments platform provider 2C2P.
BOCHK sets benchmark for new Yulan Bond market
18 weeks ago
It has priced US$500 3-year senior fixed bonds at T+67 bps.
Deutsche Bank arranges Thailand's first onshore hedge for foreign firm
18 weeks ago
It recently changed rules for non-resident qualified companies, letting them access onshort baht liquidity.
Bank BRI's digital enabler on trends affecting the banking industry in the coming years
19 weeks ago
Kaspar Situmorang shares how financial organisations can adapt using exponential technologies.

Exclusive

What's up with central banks' craze around digital currencies?
Whilst it may improve payment systems, card firms and payment platforms won’t be happy with the potential new competition.
by Staff Reporter
2 Apr 2021
Strong IPO turnout buoys Thailand's investment banks in 2020
Market rebounded in H2 2020 and raised higher capital compared to 2019.
by Frances Gagua
15 Apr 2021
New regulations imperil China's online microlenders
Additional schemes could stifle growth of cross-provincial borrowing.
by Staff Reporter
28 Mar 2021
Thailand readies foundations for digital banking
In a surging digital economy, the country is poised to make its mark.
by Alyssa Divina
11 Mar 2021
How to build a future-ready bank amidst a crisis
Consumers are willing to trade their personal info for more tailored service offerings, says Accenture's Paul Ng.
by Staff Reporter
7 Jan 2021
Amidst a crisis, Hong Kong's Mox Bank sees boundless opportunities
The neobank has outlined a bold plan to kickstart a new generation of virtual-savvy customers.
by Frances Gagua
6 Sep 2020
No ‘one-size-fits-all' for mobile bank TMRW
UOB’s mobile-only bank makes use of personalization to attract Thailand, Indonesia’s tech-savvy generation.
by Frances Gagua
2 Dec 2020
Indonesia's Bank Mandiri outlines data strategies as pandemic continues
Their partnership with Cloudera has given them valuable insight on customer behavior.
by Alyssa Divina
27 Nov 2020
Contactless payments shift to overdrive as APAC locks down
Individuals and businesses scramble to adapt, but pitfalls remain.
by Alyssa Divina
10 Oct 2020
How Citi ASEAN's workforce champion adaptability, diversity
Joel Fastenberg talks about how Citi rose to the challenge of digitization, work-from-home and diversity.
by Frances Gagua
9 Oct 2020

People

DBS appoints Abdul Raof Latiff as new DBS Malaysia country head
Citi appoints new APAC head of sales for custody and fund services
Standard Chartered announces SG-based senior appointments for CCIB segment
HSBC Singapore names Regina Lee as commercial banking head
Bank of East Asia appoints Head of Greater Bay Area Office
CIMB Thai appoints new president and CEO

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