Singapore’s TFC to mitigate risk of trade-based money laundering
Trade Finance Compliance will digitise the process of validating trade and underlying prices...
Category : Banking
European private banks see worst drop in profit since 2008
Reduced investor inflows, rising costs and a weakening financial market led to the profit drop...
DBS to grow its global transaction business in Asia
The bank aims to grow its revenue from GTS in Vietnam by 30% and from the Guangdong-Hong Kong-Macau region by 55%...
DBS Bank to expand with hybrid human-robo portfolio
Next phase of expansion to be across Indonesia, Hong Kong, Taiwan, China and India...
SMEs in Egypt secures E£146 bn funding from Central Bank of Egypt
Under the Central Bank of Egypt’s initiative, banks will offer soft loans with interest rate of 5% to 7%...
Hong Kong’s newly licenced digital banks to operate from early 2020
The banks’ operations have been delayed owing to the current protests that has continued into the fourth month...
Singapore’s Hong Leong to ally with fintechs for digital bank licence
The lender seeks to apply for one of the five licences to be issued by the Monetary Authority of Singapore in 2020...
Vietnam central bank to control commercial bank phantom loans
Customers can use the balance of their savings accounts as collaterals to clear this type of loans...
UAE banks held record Dh65.8bn in savings accounts by mid-2019
The savings accounts held by UAE banks accounted for 11.4 percent of the total deposits of Dh1.4 trillion by July end...
Independent board members: Global norms for Kuwait banks
The Central Bank of Kuwait’s decision to appoint board independent members is based on international principles...