News

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.

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.