Singapore
MAS slaps S$330m add'l capital requirement at OCBC after phishing fiasco
The review found deficiencies in the bank’s risk mitigation and incident management.
MAS slaps S$330m add'l capital requirement at OCBC after phishing fiasco
The review found deficiencies in the bank’s risk mitigation and incident management.
Bank of Singapore appoints global head of investments
Robert Reid has 30 years of legal, consulting, and financial services experience.
OCBC invests S$25m to reduce carbon footprint in operations
The bank plans to retrofit its buildings with solar panels.
Grab unveils new financial brand GrabFin
It also rolled out its investment product, Earn+, with a projected yield of up to 2.5% per annum.
Singapore fintech talents record 2nd highest turnover rate globally: study
Beyond attractive compensation, fintechs should also emphasise wellbeing, flexiwork.
Payments platform YouTrip unveils YouBiz offering zero FX fees and unli cashback
YouBiz is also launching a credit facility offering flexible financing to SMEs.
Airwallex rolls out virtual borderless card in Singapore
Businesses will be able to transact in more than 140 currencies and wherever Visa is accepted.
DBS, Xero simplifies SMEs loan application with data-sharing partnership
Xero customers now has the option of sharing their transaction records to DBS.
Singapore banks report lower earnings in unison
DBS, OCBC, and UOB all saw their profits fall 10% year-on-year.
UOB profits down 11% to S$906m in Q1 amidst market volatility
Loan fees grew, but credit card and wealth fees recorded declines.
OCBC reports S$1.36b net profit in Q1
Profits were 10% lower than last year, but 39% higher than Q4 2021.
DBS posts US$1.3b net profit in Q1, second-highest on record
Wealth and investment banking fees were lower after 2021’s exceptional year.
6 in 10 Singaporeans have high trust in banks
Only 5% have low trust in the banking industry.
DBS, Manulife Singapore launch insurance starter plan ProtectFirst
Customers can choose from three plans that focus on illness, life protection, or accident coverage.
Singapore standardizes template for corporate environmental risk assessment
A workgroup composed of Citi, DBS, HSBC, OCBC, StanChart, and UOB worked on the questionnaire.
Trading risks to weigh on Singapore Big Three Banks’ Q1 earnings: Maybank
But core businesses are expected to show resilience.
Thunes takes majority stake in anti-money laundering tech firm
The global payments firm is investing $20m.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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