Singapore · Sunday, November 1, 2026
asianomistAsia’s economy, daily.
Author

Grace Tanuwijaya

Desk byline for banking and fintech at Asianomist: bank results, digital lenders, payments, and crypto and digital assets.

Latest from Grace Tanuwijaya
Payments & Lending

XTransfer Seeks New Bank Partners at Asia Fintech Events

The cross-border payments firm aims to expand its global clearing network for small and medium-sized enterprises, building on over US$60 billion in payments processed last year.

Banks

BDO Unibank nine-month profit rises 0.8% to P63.6 billion

The Philippine lender's January to September net income reached P63.6 billion, a marginal increase from last year, driven by significant loan book expansion.

Payments & Lending

BOT to Regulate Stablecoins, BNPL, High-Value Gold Transactions

Thailand's central bank will introduce five new financial measures between November 2026 and March 2027, including cash payment limits for gold transactions exceeding THB 10 million.

Payments & Lending

Skyro expands Philippine merchant services beyond POS financing

The digital fintech firm now offers SkyroCredit, a reusable credit line with up to 45 days of 0% interest, to deepen customer engagement for its 12,000 partners.

Payments & Lending

SBI Card introduces new fees for high-value fuel, transport

From 1 December 2026, a 1% charge will apply to single transport transactions over ₹30,000 and total fuel spending exceeding ₹50,000 per billing cycle in India.

Banks

Singapore's OCBC Ranks Third Globally, Tops Asia-Pacific for Bank Strength

OCBC Bank achieved the third-strongest global ranking and first in Asia-Pacific in The Asian Banker's 2026 assessment, marking a first for a Singaporean lender in the global top three.

Banks

Singapore's OCBC: World's 3rd Strongest, Asia-Pacific's Top Bank

The Asian Banker's latest assessment places OCBC as the strongest lender in the Asia-Pacific region and third worldwide, marking a first for a Singaporean bank.

Banks

RBI Extends Lokapavani Bank Oversight to January 2027

India's central bank has prolonged its regulatory measures on the Mandya-based cooperative lender for an additional three months, effective from October 30, 2026.

Payments & Lending

Singapore Payments Network Names Derek Chan Inaugural CEO

The new entity, established by the Monetary Authority of Singapore and the Association of Banks in Singapore, will govern national payment schemes starting in early 2027.

Banks

OCBC Ranks Asia-Pacific's Strongest Bank, Third Globally

The Singapore lender achieved its position in the TAB Global 1000 World’s Strongest Banks 2026, driven by diversified income and robust capital.

Banks

JB Financial Group posts record nine-month profit

The South Korean banking group announced a record net profit of 595.7 billion won for the first nine months of the year, marking a 2.9 percent increase from 2025.

Payments & Lending

StraitsX, Visa Expand Stablecoin Card Issuing to 100 Markets

Singapore's StraitsX partners with Visa to launch stablecoin-backed card programmes in over 100 markets, building on US$6 billion in annualised Asian transaction volume.

Banks

UOB Targets S$900M AI Value by 2030, Expands ASEAN AI

Singapore's UOB aims to generate S$900 million in economic value from artificial intelligence initiatives by 2030, integrating advanced AI across its key Southeast Asian markets.

Banks

Singapore Gulf Bank Parent Adds Ex-Minister, Revolut Chair

Asia Gulf Holdings expands its advisory board with Maliki Osman and Martin Gilbert to strengthen regional government relations and global investment strategy, targeting Asia and MENA opportunities.

Payments & Lending

TerraPay, Kinexys Partner to Enhance Global Payment Verification

The collaboration integrates TerraPay Verify into Kinexys Liink's Confirm application, enabling financial institutions to validate bank account and digital wallet details across diverse markets.

Banks

Kiatnakin Phatra Bank Q3 Profit Climbs 43% on Fee Income

Thailand's Kiatnakin Phatra Bank posted Q3 2026 net profit of $71.1 million, outperforming market forecasts due to strong fee income from wealth management.

Payments & Lending

Mastercard, BVNK launch global fiat, stablecoin payments platform

The new Mastercard Global Money Platform, integrating BVNK's technology, offers a single API for banks and fintechs to manage diverse currencies and digital assets.

Banks

Episode Six Launches Verified Backing for Stablecoins, Deposits

The new "Verified Backing" feature helps banks confirm the authenticity and backing of stablecoins and tokenised deposits at issuance and redemption.

Insurtech & Wealthtech

HSBC Private Bank, MIT Sloan Launch UHNW Digital Leadership Course

The six-week online programme aims to equip ultra-high-net-worth heirs aged 23 to 30 with skills for family business and wealth management, with its first global cohort starting on 3 November 2026.

Banks

HKMA, MAS advance AI frameworks for financial services

The Hong Kong Monetary Authority launched a framework for banking AI, while Singapore's central bank strengthened its own rules to attract investment in the sector.

Banks

Societe Generale names Lindsay Chu Apac financial sponsors head

Chu, based in Hong Kong, joins the French banking giant from DBS Asia Capital, where she served as CEO.

DBS Hong Kong Unveils First Visa Infinite Privilege Card
Banks

DBS Hong Kong Unveils First Visa Infinite Privilege Card

The DBS Vantage Card, launched on 21 October, integrates wealth, travel, and lifestyle benefits for globally-minded affluent customers in Hong Kong.

Payments & Lending

DBS PayLah! Connects Singapore Users to 250,000 Taiwan QR Merchants

The Singapore bank's mobile payment service now covers two-thirds of Taiwan's TWQR network, with full integration expected by 2027.

Banks

State Bank of India Investigates Dark Web Data Breach

India's largest lender, State Bank of India, launched a probe after 3,897 customer records, including personal and loan details, appeared online.

Banks

DBS, UOB Project Loan Growth Offsets Funding Costs in Q3

DBS and UOB project resilient net interest income for Singapore lenders in the third quarter, even as higher deposit expenses pressure margins and mortgage rates climb above 2%.

Banks

RBC Wealth Management: Soo to lead Singapore private banking, 7 hires

Royal Bank of Canada's wealth unit appointed Daniel Soo to lead its Singapore private banking, hiring five new bankers for the city-state and two for Hong Kong to target regional wealth growth.

Insurtech & Wealthtech

MAS Unveils SFF Fintech Excellence Awards 2026 Finalists

Singapore's Monetary Authority of Singapore (MAS) and the Singapore Fintech Association (SFA) have named 24 finalists for the 2026 SFF Fintech Excellence Awards, with eight winners to be chosen across six categories.

Banks

India’s Private Banks Report Varied Q2 FY27 Earnings

HDFC Bank, ICICI Bank, and Axis Bank recorded significant profit growth for the quarter ending 30 September 2026, while Yes Bank's profit surged and IDBI Bank saw a decline.

Banks

Hanwha Life expands youth financial literacy in Indonesia

South Korean insurer Hanwha Life launched a financial education programme in Bandung, Indonesia, with Save the Children, reaching 700 participants since its June start.

Payments & Lending

Krungsri, JCB Launch Ultimate Card in Thailand for Japan-Focused Consumers

The new premium credit card, debuting 1 November, offers five times Krungsri Points on Japanese retail and dining, alongside JAL mileage conversion.