Asia Financial Services News

Current MAS Managing Director, Ravi Menon, has announced his retirement from the Singapore Public Service and his duties at the MAS.

Wipro and ServiceNow have released a joint solution that integrates organisations' risk, compliance and security frameworks.

Mastercard announced its cardholders can link their cards to WeChat Pay, the mobile payment service offered as part of WeChat.

The HKMA unveiled its Fintech Promotion Roadmap, as part of its Fintech 2025 strategy and ‘All banks go Fintech’ initiative announced in 2021.

Alternative payment methods are catching up to traditional payment cards as the preferred method of payment in Singapore.

Cebuana Lhuillier Bank has selected banking software services provider, Temenos, to increase the efficiency of its core banking platform.

The State Bank of Vietnam has become the sixth participant in the Regional Payment Connectivity (RPC) initiative, first announced in 2022.

The MAS has pledged SGD$150 million over three years to support projects driving innovation within the region under its fintech scheme.

DBS was named the World’s Best Bank for Corporate Responsibility and Asia’s Best Bank for Wealth Management at the Euromoney Awards 2023.

Mastercard and DTS Corporation have partnered to bring new cybersecurity and digital fraud detection solutions to the Japanese market.

Vietcombank Remittance has inked a deal with Australian firm, EzyRemit, to enhance the bank’s international money transfer capabilities.

An MoU between the MAS and the NBC is set to kickstart collaboration on digital infrastructure to support cross-border trade for SMEs.

The FS-ISAC and the CSA have signed an MoU to continue collaboration on information sharing and financial services cyber practices.

HSBC has landed its Global Private Banking business in a fourth Asian country, now offering services to Indian HNW and ultra HNW individuals.

The MAS and the SGX have signed an MoU with the Secretariat of the CDSC to join forces on providing enhanced climate transition-related data.