Singapore
Significant gaps remain in financial accessibility, awareness: study
Over half of both unbanked and banked individuals feel that they are underserved, Mambu’s study found.
Significant gaps remain in financial accessibility, awareness: study
Over half of both unbanked and banked individuals feel that they are underserved, Mambu’s study found.
Pandemic accelerates Singapore’s cashless push by four years: Visa study
About 31% of locals pick contactless cards as their most preferred payment options.
APAC banks face time bomb of risks amidst new climate change policies
Those who drag their feet when it comes to ESG compliance face a future of impairments, reputational damage.
Citi appoints new Singapore head of credit cards and personal loans
Serene Gay will oversee credit cards and unsecured lending covering Citi branded cards.
China to account for half of mobile payments worldwide by 2023
The country’s mobile payment transaction value is expected to hit $1.3t this year.
StanChart signs MOU with Tazapay to enable digital escrow services in Proxtera
The bank will facilitate the opening of bank accounts in Tazapay.
Qatar National Bank continues to be largest bank in MEA: S&P
It is also the 100th biggest bank globally.
Need for speed: Industry leaders weigh on digital innovations in banking
Financial literacy is a prong that must be reinforced to improve digital services.
Citi APAC adds nearly 650 new wealth professionals in 2021 so far
The group has added over $5b in net new money in Q1 alone.
Citi appoints new head for private banking arm in South Asia
Lee will have direct responsibility over the private bank arm of Singapore, Malaysia.
OCBC net profit more than doubled in Q1, wealth on the rise
Wealth management income jumped 40% in Q1 from the previous quarter.
OCBC remains in agile, flexible work arrangement after local COVID surge
SIngapore has scaled back the number of employees allowed in the office to 50% of the workforce.
Singapore's finance sector to create 6,500 jobs in 2021: regulator
Approximately 6,000 of these new jobs are permanent positions.
Swiss bank completes acquisition of BMO Private bank in Singapore, Hong Kong
The acquisition includes clients and BMO’s relationship management team.
How to Build for the Next Era of Financial Services
For years, banks treated online banking as an afterthought. A website and a mobile app were necessities, but creating a digital channel that fully serviced customers wasn’t a priority. When COVID-19 struck, customers of all demographics completely switched to online banking -- and most won’t go back. Digital banking is no longer an additional channel. From now on, digital is the default.
Weekly Global News Wrap: US to name new bank regulator supervisor; Deutsche urged to tighten money laundering watch
And investors doubt Canadian banks' commitment to emissions targets.
DBS smashes record with S$2.01b net profit in Q1
DBS' net profit doubled in the first quarter of 2021.
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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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