Asia Financial Services News

The Philippines’ Financial Sector Forum (FSF) has pledged to develop a holistic “resilient, sustainable and inclusive” financial system.

Seven Asian e-wallet and payment apps have joined the Alipay+-in-China Program, allowing users to access their home app on the mainland.

The BIS has collaborated with APAC central banks on a project to enshrine cross-border regulations in one universal protocol.

DBS/POSB announced its will introduce a digital account with the security of a physical vault. to combat rising online scams and fraud.

Global Payments Oceania, the local arm of the US paytech company, has unveiled an Australian-first omnichannel solution that incorporates e-commerce, in-person EFTPOS, and real-time PayTo capabilities into a single platform, promising service providers the capability to deliver more personalised experiences...

OCBC Bank has announced that its customers will now be able to ‘scan and pay’ at Alipay Plus (Alipay+)-accepting merchants across Malaysia, South Korea and Mainland China using the OCBC Digital app – and, as such, will become the first...

Singapore banking giant Standard Chartered (SC) has announced a strategic partnership with local fintech Starfish Digital that will enable the bank’s corporate clients to “seamlessly connect” multiple sources of cash management data within a single platform. Through API connectors, SC’s...

The Monetary Authority of Singapore (MAS) has unveiled its inaugural list of D-SIIs – or Domestically Systemically Important Insurers – in the city-state, with the four insurers to be subject to additional supervisory measures as part of a new regulatory...

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.