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HSBC’s Ranojoy Dutta wants to give customers a ‘bank in their pockets’

RANOJOY Dutta has worked in four countries over the past 28 years. Now, he is devoting his time to other globetrotters like him.

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ADDX raises US$20m in funding round led by S Korea’s KB Securities

PRIVATE market exchange ADDX has raised US$20 million in fresh capital in an investment round led by KB Securities, a subsidiary of South Korean banking group KB Financial Group.

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Ant’s consumer finance unit to more than double capital to 18.5 billion yuan

THE consumer finance unit of China’s Ant Group will increase its registered capital to 18.5 billion yuan (S$3.6 billion) from 8 billion yuan previously, in part by taking on new investors, underscoring a step forward for the fintech giant’s years-long revamp.

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Binance pledges redress fund amid FTX fallout

THE world’s biggest cryptocurrency platform Binance on Monday pledged to establish a liquidity fund to curb sector fallout from the collapse of rival FTX, boosting the value of bitcoin.

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Britain progresses towards cashlessness, but not everyone embraces it

BRITAIN is taking the lead among major developed economies in moving away from cash in everyday payments, but more than two-thirds of people surveyed remain reluctant to go fully digital.

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US dollar surges as traders say markets overreacted to US inflation data

THE US dollar rose against the euro and sterling on Monday (Nov 14), after sliding to multi-months high, as expectations of a less aggressive Federal Reserve (Fed) interest rate hike faded with traders saying market overreacted to a modest miss on US inflation.

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Crypto.com says balance sheet strong, exchange not in trouble

SINGAPORE-BASED crypto exchange Crypto.com’s chief executive said the firm will prove all naysayers wrong on the platform being in trouble, and that it has a robust balance sheet and took no risks.

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Yuan ends at 2-month high on firmer guidance, policy support for property sector

CHINA’S yuan finished the domestic trading session at a near two-month high against the dollar on Monday (Nov 14), after the central bank lifted its official guidance fixing by the most since 2005, when Beijing abandoned the currency’s decade-old peg against the greenback.

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Bitcoin splits from global markets to slide all on its own

THE distress spread across cryptocurrencies by the meltdown of Sam Bankman-Fried’s FTX is fracturing the link the tokens once had with other financial assets, a sign that Bitcoin’s influence on global markets may be diminishing.

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Asian fund managers lag global peers in ESG due diligence on deals: poll

ASIA-HEADQUARTERED fund managers have much to do to catch up in terms of environmental, social and governance (ESG) efforts, found a report by international law firm Morrison Foerster published on Monday (Nov 14).

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