Banking

Neo-banking startup Tonik is to open a digital-only bank in the Philippines after securing a banking licence from the country's central bank. Seeded and built by fintech venture builder Forum, Tonik intends to launch in the coming months with an...

Prudential Vietnam Assurance Private Limited , a subsidiary of Prudential plc, and Southeast Asia Commercial Joint Stock Bank have entered into an exclusive bancassurance partnership with a 20-year term. Prudential Vietnam will also become the preferred life insurance provider...

Another consortium has joined the bid for a digital bank licence in Singapore, with plans to target small and mid-sized businesses (SMBs) and offer consumers modular services, such as "micro-coverage" insurance. The group comprises several major brands including lifestyle,...

The joint venture will provide cloud-based and AI technological services to regional banks in Japan. China-based fintech company OneConnect, a subsidiary of insurance group Ping An Insurance and Japanese financial service group SBI Holdings have announced the launch of...

The Japanese bank, through the alliance with OCB Bank, plans to promote new investment banking and on-line banking operations in Vietnam. Aozora Bank, a Japanese commercial bank, is set to acquire a stake of 15% in Vietnamese mid-sized bank Orient...

TCF National Bank (TCF Bank) has agreed to offload its branches in Arizona along with its deposits and certain related assets to Alaska USA Federal Credit Union for an undisclosed amount. The transaction will involve TCF Bank’s seven branches in...

THL Credit specialises in the management of tradable credit and direct lending to middle-market firms First Eagle Investment Management, a New York-based investment management firm, has agreed to acquire THL Credit Advisors, an alternative credit manager, for an undisclosed price. Based...