Singapore
Weekly Global News Wrap: Tech issues hamper US banks' bid for $310m small firms aid; EU floats relief to support extra lending
And Allianz inks bancassurance deal with BBVA.
Weekly Global News Wrap: Tech issues hamper US banks' bid for $310m small firms aid; EU floats relief to support extra lending
And Allianz inks bancassurance deal with BBVA.
Chart of the Week: Japan's card payments to grow 2.6% in 2020
ATM cash withdrawals are expected to fall by 5.5% during the year.
OCBC Singapore to hand out $698m in SME loans by 30 June
The bank will pass all cost savings to SMEs by lowering the interest rate.
Weekly Global News Wrap: World's ten largest banks sued for rigging US bond market; Banks want Europe to mimic US capital easing
And Credit Suisse gets approval to take a majority stake in a Chinese investment bank.
Bottomline: An all-access pass to the global payments' highway
As new payment networks emerge, banks are seeing transactions move beyond SWIFT and traditional payment methods.
Singapore regulator urges clients to refrain from visiting financial firms
They are encouraged to use digital channels for their financial needs.
Singapore's big three banks to average 38% fall in Q1 earnings: analyst
Margins are expected to shrink 6-10 bps compared to Q4 2019.
Sumitomo Mitsui Financial Group to halt funding for coal plants
This marks the 18th global financial institution to exclude coal for funding in 2020.
DBS to hold annual general meeting digitally on 30 April
It will focus on the agenda indicated in the original 9 March notice.
Weekly Global News Wrap: Global investment banks may consolidate; EU banks' profits still vulnerable despite buffers
And JPMorgan and Wells Fargo record steep Q1 profit declines.
OCBC launches Google Pay P2P funds transfer service in Singapore
Customers can use PayNow to make real-time money transfer transactions.
Sri Lankan banks face medium-term deterioration
Weaker profitability will weigh on capitalisation.
Maybank Singapore, Liquid Group float QR payment platform for merchants
ABS will grant $25 in cash to the first 20,000 new PayNow sign-ups until 31 July.
Citi Singapore hands out $1,200 aid to employees
Around 1,600 will benefit from the compensation.
Singapore regulator defers digital bank licence review to H2 2020
It had earlier planned to announce the successful applicants in June.
Singapore banks urged to use capital buffers
The regulator has eased funding requirements to allow for more losses.
Singapore regulator injects $125m to support finance firms
It will support workforce training, operations and access to digital tools.
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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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