Singapore
China's Ant Financial eyes virtual banking licence in Singapore
It has not disclosed if it will seek a retail or wholesale licence.
China's Ant Financial eyes virtual banking licence in Singapore
It has not disclosed if it will seek a retail or wholesale licence.
Singapore banks could grapple with falling interest margins in 2020
An easing monetary policy and slow loan growth are dragging on NIMs.
Weekly Global News Wrap: African central banks may cull interest rates; Zimbabwe to halve main lending rate
And another ex-JP Morgan executive was charged over alleged market manipulation.
Sri Lankan banks' bearish outlook to extend until end-2019
The country is still reeling from the aftermath of the Easter Sunday attack last April.
How GoBear expanded beyond financial comparison
It plans to enter partnerships to develop bespoke insurance solutions.
How did Japan's banks survive without passing on negative rates?
Despite tight margins, Japanese banks have higher survival chances than European banks.
DBS adapts AI-powered bank screening process
The system will conduct automated risk assessment of clients, investments, and transactions.
UBS Singapore fined $11.2m for deceptive practices by advisors
They did not inform the clients of higher spread or improved interbank price of bonds.
Massage chair maker V3 in talks with Temasek unit for digital bank license bid
V3 recently created a fintech unit and hired a former CEO of a Temasek unit as adviser.
Singapore fintechs nab 51% of funding in ASEAN as of Q3
Singapore Life’s $150.39m funding was amongst the year’s notable deals.
OCBC to enable PayNow fund transfers by January 2020
This will make Singapore the second country to launch new version of Google Pay.
Singapore's big three banks averaged total return of 12% YTD
DBS, OCBC and UOB have averaged an 8% YTD growth in net profit to a combined $11.85b.
The machine learning challenge: Why does it matter to banks in Singapore?
Understanding the intricacies of global best practices and adapting to it will set machine learning (ML) on a successful course; highly skilled accountants are vital to that process – including those in the banking industry.
Central Bank of France to open first Asian office in Singapore
It aims to forge closer relations with APAC central banks and financial authorities.
South Korea launches digital open banking service
Users may access all local bank accounts through their own mobile banking apps.
DBS rolls out QR payments in 27 Singapore hospitals
DBS has worked with three healthcare clusters on the payment infrastructure.
Coordination, cooperation, collaboration: Closing the trade finance gap together
The trade finance gap is a serious issue that is impacting the health of global trade and business development in many countries across the world. Trade finance is the fuel of global trade, upon which 80 to 90% of world trade relies, and if access to trade finance is compromised for certain companies, global trade will be unable to reach its full potential.
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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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