Asia Financial Services News

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.

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.