Singapore

SmartStream: Bringing efficiency and next-level technology to financial regulatory compliance

“How do you achieve operational efficiency in a leaner model?” is the question banks seek to answer.

SmartStream: Bringing efficiency and next-level technology to financial regulatory compliance

“How do you achieve operational efficiency in a leaner model?” is the question banks seek to answer.

BNP Paribas Securities Services appoints Diana Senanayake as head of Singapore

She will report to Philippe Benoit, head of Asia Pacific, and Pierre Veyres, CEO for Singapore.

Singapore and Hong Kong lead Asia's asset management charge

Their combined assets under management (AUM) hit $91.5b in 2017.

Asia beats Europe and America in private banking gains in 2017

Assets under management grew 15.2% which is almost double Europe’s 7.5%.

Human-machine collaboration could be a big boon for financial firms, if only they fully embrace it

Artificial intelligence has been a topic of conversation and a part of business for years, from rogue robots in movies to neural networks that detect fraud at credit card companies, but only recently have companies really started experimenting with and implementing it more widely.

Asian investment banking fees plunge to four year low after hitting $4.62b in May

However, robust deal-making activity may buoy the sector from its slump.

Asian banks urged to embrace fintech to slash compliance costs

Facial recognition tech might be useful to combat money laundering attempts.

OCBC ties up with telco firm Starhub to develop loyalty programme

Consumers will be able to exchange, consolidate, and redeem loyalty reward points across industries.

Standard Chartered to split Asia operations into Hong Kong and Singapore hubs

The move aims to curb costs and simplify the bank's structure.

Weekly Global News Wrap Up: Wells Fargo sells 52 branches in Midwest exit; Societe Generale to pay $1.3b fine to end Libyan and US probe

And here’s why the British government sold 7.7% stake in Royal Bank of Scotland. From Reuters: Wells Fargo & Co is pulling back from retail banking in the U.S. Midwest, selling all of its branches in three states, as the bank embarks on a broader review of branch profitability across the country. Flagstar Bancorp Inc would acquire 52 Wells Fargo branches in Indiana, Michigan, Ohio and Wisconsin for an undisclosed amount.

OCBC debuts all-digital account application

There will be no need to provide documents as it can easily link to national data repository MyInfo.

Asia's private banking scene heats up as European players enter fray

European private banks are heavily investing in Asian footholds.

Myanmar to grant license to 4 private banks

The move is the latest in the government’s push to liberalise the financial sector.

New accounting standards pose risks to Singapore banks' profitability

Lenders face higher credit reserve requirement under the FRS109.

UOB rolls out monthly ‘digital clinics' to help businesses digitise

Tech experts will provide companies with tailored digital strategies to improve productivity.

Singapore beats Hong Kong in open banking readiness

Strong regulatory support from MAS buoyed the lion city to score the APAC crown.