The Asian Banker

Canada’s major banks examine interbank tokenised deposits

Six Canadian banks began exploring a shared approach to tokenised deposits, while Hong Kong proposed changes to transaction rules and Singapore introduced new disclosure requirements for listed ...
The Asian Banker

Fed raises rates for first time since 2023 as inflation outlook worsens

The Federal Reserve resumed rate increases and the Bank of Japan tightened further, while authorities confronted AI, data-security and investment-fund risks.
The Asian Banker

DBS, OCBC and UOB complete first live tokenised SGD transactions using Swift ledger

DBS, OCBC and UOB complete Swift's first live SGD tokenised-deposit settlement, Lloyds-SocGen digitise a letter of credit and US Bank pilots USBDC stablecoin.
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MTN fintech transaction value reaches $330.5 billion, Afreximbank profit rises 30%

TAB Africa Weekly Brief: MTN's fintech transactions hit $330.5 billion, Afreximbank profit rises 30%, Equity Group expands regional lending further. Stronger earnings and expanding digital payments ...
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Where does Deutsche Bank see the next sources of growth in transaction banking?

As traditional transaction banking products become more commoditised, Deutsche Bank sees new sources of growth emerging around data-driven services, embedded treasury, new payment rails and ...
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Affirm returns to Australia as banks and fintechs target younger customers

Retail Finance Weekly: Banks and fintechs globally deepened embedded and digital-asset finance this week, as Affirm re-entered Australia and Better-Coinbase launched Bitcoin-backed mortgages. Affirm ...
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Mizuho CEO Masahiro Kihara steers transformation with cultural reset, digital shift and global expansion

Since becoming CEO in 2022, Masahiro Kihara has driven Mizuho Financial Group’s turnaround by reshaping its corporate culture, refocusing on core strengths like wealth management, corporate and ...
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Deutsche Bank plans 15-to-two core overhaul as banks quantify AI gains

Financial Technology Weekly: Deutsche Bank consolidates core systems as TD and CMB scale AI while regulators flag cyber-resilience risks. Deutsche Bank is reducing 15 core banking systems to two, ...
The Asian Banker

Ant Group brings Alipay, digital payments and Zhima Credit together for AI commerce

Ant Group consolidated Alipay and Zhima Credit for AI commerce, PhonePe secured in-principle UAE approval, Revolut applied for a Swiss banking licence and six banks published principles for AI agent ...
The Asian Banker

Qatar Investment Authority and JP Morgan Asset Management form $20 billion investment partnership

QIA signed a $20 billion partnership with JP Morgan Asset Management, Gulf central banks raised rates after the Fed, PIF ...
The Asian Banker

Partior and LSEG target prefunded nostro dependence in cross-border settlement

The Eurosystem launched Pontes for tokenised asset settlement, Partior and LSEG DiSH built a multi-bank liquidity framework, ...
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TDB secures $800 million facility, South Africa reshapes payment system governance

TAB Africa Weekly Brief: African institutions diversified funding sources this week, with TDB, Rwanda and South Africa securing new facilities as SARB overhauled national payment system governance.