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Kakao Bank's earnings skyrocket ninefold in Q2
Kakao Bank's earnings skyrocket ninefold in Q2
The bank’s outstanding loans came at $14.9b as of end-June.
Cambodia-based fintech Clik secures $3.7m seed round funding
The payments startup said that it is on track for a nation-wide launch by end-2020.
Indonesia's Ayoconnect raises $5m in pre-Series B funding round
The fintech firm hopes to build an open bill network in the country.
UOB floats TMRW in Indonesia
The digibank was first rolled out in Thailand in 2019.
Deutsche Bank partners with fintech Airwallex for cross-border payments service
Merchants using Airwallex do not need to open bank accounts to collect payments.
Citi APAC's virtual programme attracts 500 Singaporean students
It has modules on investment banking and markets and securities services.
UOB Asset Management unveils robo-advisory app for retail clients
This makes them the first regional asset management firm to offer robo-advisory.
Citi, CSOP Asset Management to launch new L&I products
The bank will also provide custody, fund administration and trustee services.
Hong Leong Bank floats extra support plan beyond end-September
Clients who will struggle to restart repaments may get an extension, based on a case-to-case basis.
Bank of Japan may have a new pattern when buying stocks
The regulator has said it may buy up to $112b (JPY12t) in ETFs a year.
Sumitomo Mitsui Banking Corp joins two blockchain-based trade platforms
These platforms digitalise LC workflow and issuance.
DBS, cloud software firm Infor float new trade finance venture
It will utilise supply chain data for risk and credit worthiness.
Citi Hong Kong deploys bots to enhance securities services
It will help reduce potential fail trades and buy-in costs early.
Singapore QR payments firm Fave partners with Pine Labs
Fave's QR code will be integrated with Pine Labs' payment terminals.
Australian neobank Tyro, Mambu partner for term deposit offering
Mambu's composable banking approach allows Tyro to launch products quickly.
Siam Commercial Bank's profits down 24% to $262.82m in Q2
The lender has set aside $305.4m of provisions given ongoing uncertainties.
Hong Kong neobank WeLab Bank, Mastercard to launch numberless bank card
It will be available for use immediately after opening an account with the lender.
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