Asia Financial Services News

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.

The Hong Kong Monetary Authority (HKMA) has opened for consultation a paper reviewing the nation’s current three-tier banking system.

Mastercard has launched a program in Malaysia to support the digitalisation of over 100,000 MSEs, focusing on those that are female led.

The HKAB has released its new bank-to-bank information sharing platform, Financial Intelligence Evaluation Sharing Tool (FINEST).

A group of 31 financial services industry players, led by the MAS, developed an open-source resource to encourage the responsible use of AI.

The MAS confirmed the Singaporean entities of UBS and Credit Suisse will remain undisturbed by the legal completion of their merger.

Hong Kong digital bank, Mox, has gained the relevant licences from the Hong Kong SFC to launch Hong Kong and US equity trading services.

DBS research found Vietnamese companies have successfully leveraged digital technology to improve customer experience more than global firms.

The HKMA has officially kicked off its e-HKD Pilot Programme which will examine across several areas of implementation relating to CBDC.

Wipro Limited and ServiceNow have inked a five-year business partnership deal to develop new offerings and deliver more value for clients.

Malaysia has been selected by Mastercard as the location of its newest Data & Services (D&S) Hub to service the Asia Pacific region.

The RBI and the BIS launched the G20 TechSprint Initiative that encourages technology developers to propose innovative solutions.

The NYIC and the Monetary Authority of Singapore (MAS) have released a report on the progress of its cross-border payments project.

P2P payments have dropped as fraud risks continue to cause havoc and consumers tighten their risk expectations for online transactions.