News
Maybank Q1 profit drops 4.2% to $625m as trading income falls
Maybank Q1 profit drops 4.2% to $625m as trading income falls
Net interest margin improved to 2.14%, and loans expanded in Malaysia and Singapore.
Australians spend $4.02m monthly on AI subscriptions: Westpac
Customers spend A$37 per month on average, based on credit card data.
Indonesian corporates raise the bar, banks urged to reinvent corporate banking and treasury services
Monitor Deloitte's Prashant Krishnan urged banks to transform their relationship models to meet these demands.
Tan Su Shan named Asia’s most powerful woman in business, ranks sixth globally on Fortune’s 2026 list
Alongside Tan is Temasek’s Png Chin Yee at 77th.
OCBC Hong Kong names new wholesale head and risk chief
Angus Tsang and Stanley Sze-To start their new roles in H2 2026.
Kasikornbank targets 24/7 USD settlement with Ant International
They will use Kinexys by J.P. Morgan’s blockchain deposit accounts.
CommBank's capital stays strong despite AT1 phaseout: S&P
APRA will begin classifying AT1 instruments as Tier 2 capital starting January 2027.
Nearly half of finance workers fear AI job impact
ACCA finds strong AI adoption in finance roles, but job security concerns persist.
Standard Chartered completes first QFI China gov’t bond futures trade
It is the only foreign bank amongst the initial six banks allowed to participate in CGB futures.
Standard Chartered appoints Shebani Baweja as group chief data officer
She will shape the bank’s data strategy and the direction for how data is governed.
Bank of Baroda adds biometric authentication for UPI payments and PIN setting
Customers can authorise payments and reset their PINs using fingerprint or face ID.
Crypto careers now more attractive and riskier: finance execs
Improved market liquidity and more regulatory clarity will help mitigate career risks.
Laxmi Sunrise Bank secures $25m loan to fund Nepal's MSMEs
Nearly a third of that money is expected to support women entrepreneurs.
CIMB’s profit falls 2.86% to $483m on lower interest income
NIM fell but CIMB sees early signs of this compression bottoming out.
CommBank tests AI banking assistant in app pilot
CommBank Companion will use live data to deliver financial info to customers.
Philippines to tighten oversight of pawnshops and NBFIs
The council is also working to improve its monitoring of risks and interlinkages in the system.
Philippine banks resilient but energy and debt risks loom: regulators
Sectors sensitive to energy and interest rates were flagged by the stability council.
Commentary
Asia’s electronic markets reach an inflection point of transformation
Tokenisation in the Philippines: The consumer is ready, but is the infrastructure?
Asian firms need to get ready for digital assets and currencies
AI can build your plan, but can it hold you to it?
Built to last: How Japan is approaching the cross-border payments challenge