1 – CIMB Bank gets licence to operate full subsidiary in Vietnam
CIMB Bank has obtained the licence to operate in Vietnam, and aims to start offering the full range of commercial and retail banking products in the country by December. >>
2 – Fintech adoption to increase soon, PwC partner says
Many Thai banks have been either doing business related to fintech or joining hands with fintech start-ups to provide customers a greater variety of financial products and services. >>
3 – Thailand Banking Industry Report – 2016
This report profiles Thailand’s banking industry, discussing market trends through the first half of 2016 and outlook for 2016 and beyond. The report also highlights leading players in the sector including Siam Commercial Bank (SCB), Bangkok Bank (BBL), Kasikorn Bank (KBANK), Krung Thai Bank (KTB), and Bank of Ayudhya (BAY). >>
Vietnam is now Australia’s fastest growing trade partner in Southeast Asia as a result of the ASEAN Australia New Zealand free trade agreement (AANZFTA), according to a recent HSBC report. >>
Malaysian banks like Public Bank and Maybank are reaping good profits from their foray into Cambodia, including offering affordable housing loans that is strict in Malaysia at present. >>
2 – Shinhan Bank starts operation in Myanmar as first Korean bank
Shinhan said on Sept. 20 that it has opened its Yangon branch in Myanmar to start its operation for customers for the first time as a Korean Bank. >>
3 – Banks, telco regulator create five step m-banking security plan for Thailand
The National Broadcasting and Telecommunications Commission (NBTC) hosted a meeting with representatives from the Bank of Thailand, the Thai Bankers Association and the Telecommunications Association of Thailand. The participants have agreed on a five-step plan to tighten Know Your Customer (KYC) rules to increase confidence in eBanking and mobile banking in the run up to the launch of Thailand’s Promptpay national mobile payments system. >>
4 – How PH can keep up with Asean neighbors
The Philippines would need to improve infrastructure, facilitate ease of doing business, streamline government services, and cut red tape to attract more foreign investors into the country. >>
1 – CIMB gets licence to start banking business in Vietnam
CIMB Group Holdings Bhd has been granted an operating licence to start a banking business in Vietnam. >>
2 – Partnering with fintech start-ups a win-win solution: UOB
Fintech start-up applications could efficiently fill gaps in financial services that banks were unable to work on, such as unbankable small and medium enterprises (SMEs). >>
3 – Indonesia : Integration scheme to ease e-payments
Consumers want to conduct daily payments cheaply and without hassle, presenting regulators with the task of ensuring that each player in the banking and IT sectors works together for the benefit of consumers. >>
4 – Japanese banks eye Africa
KYODO – THE three mega-banks said they will expand their businesses in Africa, following Prime Minister Shinzo Abe’s pledge last weekend to bolster measures to boost investment in the resource-rich continent. >>
Just one in five Africans have a bank account. This is an enormous opportunity for companies looking to bank the unbanked but it doesn’t come without a few challenges. >>
2 – 4 million unbanked Filipinos to benefit from credit scoring
Four million unbanked Filipinos are seen to benefit from the nascent credit scoring industry, a development that is seen to provide those at the bottom of the economy an easy access to credit once the service is available to the public. >>
3 – After rapid expansion, banks in Vietnam settle into stability
Many banks here have emerged much stronger from the NPLs(Non Performing Loans) crisis, with better risk management practices, improved systems, and stronger management. >>
4 – Krungsri committed to branch network growth
By assets, Krungsri is ranked the fifth-largest Thai bank, but its current number of branches, 644, is well behind the 1,100-1,200 at each of the top four banks: Bangkok Bank, Krungthai Bank, Siam Commercial Bank and Kasikornbank. >>
1 – BI launches e-money program for Indonesian fishermen
Bank Indonesia (BI) has launched its own e-money specially designed for fishermen, named the “Lantera Card”, as part of an effort to expand non-cash transactions in Indonesia. >>
2 – Japan:Big banks lay groundwork for business growth in S.E. Asia
Major Japanese banks are strengthening their support for small and midsize enterprises seeking to exploit markets in Southeast Asian countries. >>
3 – Foreign banks make beeline for Vietnam
The number of foreign banks, especially from ASEAN member countries, to invest in Vietnam has been increasing rapidly in recent years with the opening up of the banking sector as part of the Government’s commitment to international integration. >>
4 – More Malaysian consumers embrace digital banking
Malaysia is experiencing a higher mobile and Internet banking adoption rate with only 12.5 per cent of consumers found to have never tried digital banking at least once, according to the findings of a survey undertaken by the Asian Institute of Finance (AIF). >>
