News
Digital wallets seize 65% of APAC payments | Asian Banking & Finance
3+ hour, 50+ min ago (22+ words) Digital wallets captured 65. 12% of the Asia-Pacific payments market in 2025, driven by QR codes, upgraded contactless technology, and e-wallets....
Citi streamlines ETF orders for APAC clients as regional assets hit $1. 81t | Asian Banking & Finance
2+ day, 15+ hour ago (164+ words) Direct integration heightens efficiency as clients no longer need to reconcile on multiple and separate platforms. Citi Investor Services has enabled financial information exchange (FIX) API connectivity for its Asia Pacific ETF clients on ACES (Advanced Citi ETF System), the…...
BSP approves releasable capital buffer to keep lending in downturns
2+ day, 15+ hour ago (169+ words) The PN-CCy B designates 1. 5% of banks" CET1 as a releasable buffer. The Philippine central bank has approved a reform enabling local banks to maintain releasable capital to keep credit flowing to households and firms. The Positive Neutral Countercyclical Capital Buffer can…...
Higher provisions to squeeze Indonesia bank profits as geopolitical risks mount
3+ day, 2+ hour ago (202+ words) An expectd 5% GDP growth should support an 8% to 9% loan expansion in 2026, said Fitch Ratings. Rising policy uncertainty and geopolitical tensions pose downside risks to Indonesia's banking operating environment, but large banks should not be heavily affected in the near term,…...
APAC private banking shifts as asset managers tighten grip
3+ day, 3+ hour ago (284+ words) Geographically, China made up 30. 50% of the private banking market size in 2025. Asset management had the largest share in Asia-Pacific's private banking market share in 2025 with 72. 8%, and is likely to grow 12. 8% annually through 2031, as clients deepen discretionary mandates and broaden alternatives…...
SMBC and Toshiba build quantum-driven Japan and US equity indices
3+ day, 17+ hour ago (178+ words) Stocks will be chosen and weighted using Toshiba's quantum computer. Sumitomo Mitsui Banking Corporation (SMBC) and Toshiba Corporation are jointly developing two equity indices that make use of quantum-driven technologies. The SMBC/TOSHIBA Quantum Driven Diversified Japan Equity Index and…...
Aussie Big 4 banks raise home interest rates by 0. 25% | Asian Banking & Finance
2+ mon, 1+ week ago (11+ words) ANZ, CBA, and NAB's changes are effective 27 March 2026...
Westpac lends A$1b to 2, 100 women entrepreneurs over 3 years
3+ day, 18+ hour ago (145+ words) Women-led businesses are starting and scaling up across Australia, said Westpac's Paul Fowler. Westpac lent over A$1b to over 2, 100 women entrepreneurs over the past three years. The Australian bank said that it has funded women-led companies in the business services,…...
Hyundai Card debuts Apple Pay debit card
3+ day, 17+ hour ago (128+ words) It enables users to pay by tapping their i Phone or Apple Watch. Hyundai Card has launched an Apple Pay-dedicated debit card that allows users to pay using their i Phone or Apple Watch. Hyundai Card expects this debit card…...
Comm Bank names UNSW's Mary-Anne Williams as chief AI strategist
3+ day, 18+ hour ago (163+ words) Wiliams will lead Comm Bank's team of AI scientists. Commonwealth Bank of Australia (Comm Bank) has appointed Professor Mary-Anne Williams as its first chief AI strategist. Williams joins Comm Bank from the University of New South Wales (UNSW), where she…...