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Deutsche Bank Doubles Vietnam Investment to More Than US$200 Million
Deutsche Bank announced that it has nearly doubled its capital allocation in Vietnam, bringing the total to more than US$ 200 million. The bank said that the increased capital will support its growth in the country and allow it to undertake
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Grab’s Co-Founder Tan Hooi Ling to Step Down by Year End
Southeast Asian superapp Grab announced that its co-founder Tan Hooi Ling intends to step down from her operating roles, including her directorship, by the end of 2023. Tan, who had co-founded Grab with Group CEO Anthony Tan in 2012, has
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How Data and Tech Can Mitigate Risks of Bank Failures Like SVB
The recent collapse of a major bank affiliated with financing tech companies, and the subsequent failures of two other American banks in under two months, has sent shockwaves through the global economy, with effects felt as far as Europe and
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How Much Does It Cost to Build a Digital Bank in ASEAN?
In the face of a gloomy international economic forecast and a dwindling liquidity pool, profitability has become a pressing concern for the chief executive of any digital bank emerging in the ASEAN region. Digital banking is in its nascent stages
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Ravi Menon to Continue as MAS’ Managing Director Contrary to Earlier Reports
The Monetary Authority of Singapore (MAS) has re-appointed Ravi Menon as its Managing Director despite earlier reports that he would be stepping down this year. Menon, who turns 59 this year, has served for 12 years at MAS. The official
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NUS Partners LSEG to Strengthen Business Students’ Education, Research Skills
The London Stock Exchange Group (LSEG) will be collaborating with the National University of Singapore (NUS) Business School through its Workspace platform. Workspace provides students an enriched and interactive learning and teaching experience, and efficiently delivers expertly vetted, reliable, and
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UOB Has Over 7M Customers After Acquisition of Citi’s M’sia, Thai, Vietnam Retail Businesses
UOB has added another 15 branches to its network across Malaysia, Thailand and Vietnam, bringing the total number to over 200 following its acquisition of Citi’s consumer banking businesses in those three countries. This has pushed UOB’s retail customer base
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DBS Mulling Dubai Expansion to Scale up Middle East Presence, Says Piyush Gupta
DBS Bank’s CEO Piyush Gupta said that the financial firm is mulling expansion plans in Dubai, according to a Bloomberg report detailing his interview with Yousef Gamal El-Din at the Dubai Fintech Summit. He added that the bank is “revisiting
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MAS Slaps DBS with S$1.6B Additional Cap Requirement Due to Consecutive Disruptions
The Monetary Authority of Singapore (MAS) has imposed an additional capital requirement on DBS Bank following two consecutive disruptions of its services in just over a month. Along with the additional capital requirement of S$930 million imposed on DBS in
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The “Crisis as Usual” Era is Forcing Fintechs To Reinvent Their Business
The prolonged fallout from COVID-19, geopolitical tensions, and an unstable economic landscape plagued by rising inflation are creating the risk of a global recession, taking a toll on fintech companies by triggering a funding crunch while simultaneously driving up expenses.
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