Singapore
Virtual banks unlikely to threaten incumbent ASEAN banks: Fitch
Their digital edge, branchless model, and cost-efficiency plans give little edge against established lenders.
Virtual banks unlikely to threaten incumbent ASEAN banks: Fitch
Their digital edge, branchless model, and cost-efficiency plans give little edge against established lenders.
Singapore's retail loans to shrink 2.5% in 2020
New loan applications have declined as consumers are cautious of falling under debt.
BDO nabs Financial Inclusion Initiative of the Year - Philippines in the ABF Awards
The company won for its financial education program for overseas Filipino workers.
Singapore regulator assures that citizens are well-represented in local senior roles
Singaporeans make up 43% of senior management roles in the local banking sector.
Weekly Global News Wrap: Over $425b European loans deferred; Goldman Sachs, Barclays mull buying GM's credit card arm
And JPMorgan hires former UK finance minister Sajid Javid.
Pandemic disrupts digital banks' momentum in Asia
Their target markets have been severely hit by the pandemic.
OCBC floats new SORA-based home loan
It is available for all loan types such as completed properties and properties under construction.
Adapting to the New Normal: A Response to COVID-19
It is fair to say that financial institutions have, with technology, largely succeeded with stopgap measures in the initial drive to adapt to the new normal of the “After COVID-19” (AC) world. Celent released the results of its global survey at a digital event on April . Of course, financial services depend to a large extent on country-specific regulations, business practices, and consumer behavior. Likewise, the impact of the COVID pandemic and its effect on financial technology will vary by region and depending on how the pandemic plays out in different places.
AMTD Digital names Osman Ershad Faiz as chief information and operating officer
Faiz has served as Singapore Clearing House Association director.
HSBC Private Banking names market heads for Singapore, Malaysia
Both are based in the Lion City.
EY Asean managing partner on banking in the pandemic and falling use of cash
Asian Banking and Finance welcomes Liew Nam Soon, EY’s Asean regional managing partner, on to the judging panel for the 2020 ABF Awards.
PwC's John Dovaston on digital banking, contactless payments, and driving growth in a pandemic
The consultancy’s Asia-Pacific financial services leader says he is excited to be part of the judging panel for the ABF Awards in 2020.
Australia's wealth managers lower fees as robo-advisory takes flight
HNW clients are losing trust that the traditional way yields the best returns.
Chart of the Week: Pandemic spurs card payments growth in Singapore
Backing from banks and merchants has made contactless payments mainstream.
Weekly Global News Wrap: Goldman Sachs cuts Q2 earnings for 1MDB settlement; Barclays probed for spying claims
And Revolut says losses more than tripled in 2019.
OCBC, Amundi float dollar cost averaging fund in Singapore
It leverages the cost-averaging effect when it allocates assets to equity ETFs.
End of moratoriums to rain carnage on Singapore banks' H2 prospects: analyst
Loan moratoriums are set to expire in H2, putting asset and loan quality at risk.
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Why Philippine banks, insurers embrace hyper-personalized services
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Insurance
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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