Other News

1 day ago

XTransfer, OCBC partner to boost cross-border payments

XTransfer, a China-based B2B cross-border trade payment platform, has partnered with OCBC, Southeast Asia’s second-largest financial...

3 days ago

Prudential, HSBC Vietnam partner on bancassurance

Prudential Vietnam Assurance and HSBC Vietnam have formed a bancassurance partnership to address growing demand for protection and wealth...

3 days ago

HKMA launches GenAI sandbox with banks, tech firms

The Hong Kong Monetary Authority (HKMA) has unveiled the first participants in its generative artificial intelligence (genAI) sandbox,...

Dec 18

Allianz withdraws USD1.6bn income insurance offer

Munich-based Allianz has withdrawn its pre-conditional voluntary cash general offer to acquire at least 51% of Singapore’s Income...

Dec 16

Nippon Life to ink largest Japanese insurance takeover deal

Japanese insurance major Nippon Life has agreed to acquire all the shares it does not own in Resolution Life for about USD8.2bn, the...

Dec 12

South Korea’s Hanwha launches financial AI centre in US

Hanwha Group’s financial subsidiaries have opened the Hanwha AI Center in San Francisco, marking the first AI research hub in the city by...

Dec 10

South Korea, Indonesia deepen general insurance partnership

South Korea’s and Indonesia’s general insurance industries are strengthening ties following a new memorandum of understanding (MOU)...

Dec 2

HSBC to host global investment summit in Hong Kong in March 2025

HSBC Holdings announced plans to host its second Global Investment Summit in Hong Kong from March 25 to 27, 2025. The event is expected...

Nov 27

Global growth slows amid geopolitical tensions according to IFF report

The 2024 IFF Global Finance and Development Report forecasts global economic growth to remain sluggish at 3.2% in 2024, hindered by...

Nov 27

South Korean insurers' net profit rises 13% on higher sales

South Korean insurance companies’ combined net profit increased by 13.2% in the first nine months of the year, boosted by higher sales...

Nov 27

Singapore Gulf Bank seeks USD50m funding, plans stablecoin acquisition

Singapore Gulf Bank aims to raise at least USD50m in a funding round and plans to acquire a stablecoin payments company next year,...

Nov 26

Vietnam's banks face challenges meeting online lending targets

Vietnam's banking industry is struggling to meet its online consumer lending targets by 2025 due to the absence of an independent...

Nov 26

CapTech2024 summit kicks off in Sydney

The CapTech2024 main summit took place on November 26, 2024, at the International Convention Centre Sydney. The global event aimed to...

Nov 22

Morgan Stanley opens new SE Asia headquarters in Singapore

Morgan Stanley has officially opened its new Southeast Asia headquarters in Singapore, reinforcing its commitment to the region's growth...

Nov 21

Hanwha Life to acquire 75% stake in US securities firm Velocity Clearing

South Korea's Hanwha Life Insurance Co. said it has signed an agreement to acquire a 75% stake in US-based securities firm Velocity...

Nov 18

Singapore offers to host 2030 APEC summit

Singapore has offered to host the Asia-Pacific Economic Cooperation (APEC) summit in 2030, Prime Minister Lawrence Wong announced on...

Nov 15

Taiwan insurance sector set for growth

Taiwan’s insurance sector is expected to grow next year, supported by a stable domestic economy and easing monetary policies globally,...

Nov 15

Digital payments surge in the Philippines, exceeding central bank goals

Digital payment adoption in the Philippines is accelerating, with the Bangko Sentral ng Pilipinas (BSP) reporting that 56% of Filipino...

Nov 14

HK’s eMPF platform under fire for missing MPF contributions

Hong Kong’s Mandatory Provident Fund Schemes Authority (MPFA) faces criticism as some MPF accounts on its newly launched eMPF platform do...

Nov 13

Vietnam's life insurance premiums increase slightly in Q3

Vietnam's total life insurance premiums from new contracts rose slightly in Q3, marking the first increase despite ongoing global and...

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