The Business Times
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Consumer Finance

Asean Business

Vietnam’s F88 pawnshop chain sees shares hit ceiling in market debut

It aims to list on the country’s main stock exchange with a valuation of US$1 billion by 2027

US District Judge Danny Reeves said on Tuesday he was granting the CFPB’s request for a stay in part because this would help the agency work with stakeholders and the broader public to redesign the regulations.
Banking & Finance

US consumer finance watchdog says it will replace Biden-era ‘open banking’ regulations

[WASHINGTON] A federal judge on Tuesday paused a lawsuit against the US Consumer Financial Protection Bureau that had sought to strike down “open banking” regulations, granting the agency’s request fo...

The rise of online lending platforms has democratised access to credit, enabling consumers to secure loans with greater speed and convenience than ever before.
Wealth & Investing
INSIGHTS FROM CFA SOCIETY SINGAPORE

Consumer lending unlocked: Opportunities and risks in a US$27 trillion market

CONSUMER lending has become one of the most dynamic segments in private markets, evolving rapidly alongside advancements in technology and shifts in consumer behaviour. With a market size of US$27 tri...

Customer service breakdowns and misrepresentations affected hundreds of thousands of users of Apple Card launched in a collaboration with the US banking titan in 2019, the Consumer Financial Protection Bureau said.
Telcos, Media & Tech

US fines Apple and Goldman Sachs over Apple Card

THE United States fined Apple and Goldman Sachs a total of US$89 million on Wednesday, accusing them of deceiving users of the iPhone maker’s credit card.

As an indicator of how profitable frequent flyer programmes are, it is notable that Delta Airlines' Delta SkyMiles was worth nearly US$27 billion last year. The whole airline had a market cap of US$29 billion as at this summer.
Opinion & Features

The fury of the frequent flyer

US regulators are putting frequent-flyer programmes under a microscope. Tweaks to these programmes – in some ways more profitable than the airlines themselves – have upset travellers

Jeremy Soo has more than 30 years of experience in consumer banking and finance.
Companies & Markets

DBS consumer banking head Jeremy Soo to succeed UOB’s Susan Hwee as Nets chair

The electronic payment services provider describes him as a ‘strong advocate’ for inclusive banking

“With partners, it’s important that we see where they’re coming from, so that we can co-create something that’s seamless and also good for all of us,” said P’ing Lim, head of ecosystem and cross-border transfers for DBS’ regional consumer banking business.
Companies & Markets

Value creation in banking ecosystems goes beyond transactional partnerships: DBS’ P’ing Lim

She says she found her purpose in being able to avail financial services to everyone