February 2024 - Page 5

TLDR: Hong Kong and mainland Chinese banks are preparing for a new cross-border payment regime that will allow Hong Kong and Macau homebuyers to transfer the funds needed to purchase property in

Fed Chair on Silicon Valley Bank and regulations – CBS News TLDR: The Federal Reserve is working on regulations to prevent failures like Silicon Valley Bank, according to chairman Jerome Powell in

TLDR: Hong Kong banks are offering a range of incentives to attract new clients and depositors for the Lunar New Year. HSBC is hosting fireworks dinners and horse racing events for select

TLDR: Singapore billionaire banker and property developer Wee Cho Yaw died at the age of 95. Under Wee Cho Yaw’s leadership, United Overseas Bank (UOB) grew from one branch to a regional

TLDR: The fintech sector is beginning to see signs of recovery after a turbulent period. Eight key themes will power the comeback of fintech in 2024, including: Consolidation within the neobank and

TLDR: Solvay Bank, based in Onondaga County, New York, is expanding its territory to include the Mohawk Valley region. The bank sees the region’s demographics and small-business climate as similar to its

TLDR: Mastercard has launched Decision Intelligence Pro (DI Pro), a Gen AI-powered transaction risk assessment tool designed to protect consumers from fraud. DI Pro assesses the relationships between multiple entities surrounding a