Singapore
Weekly Global News Wrap Up: Mobile money takes over Africa; US regulators mull changes to Volcker Rule
And Nordic banks hit by negative rates may pass on the burden to customers.
Banks in Singapore brace for mounting asset risks
New NPL formation rose for all three banks in Q2 due to large overseas exposures.
OneConnect's Rohit Chowdhry to grace the ABF Digital & Open Banking Conference 2019
He will discuss how partnerships with ecosystem players can create open banking models.
Maybank Singapore's strategy to drive wealth management costs down
The bank is enhancing its digital capabilities beyond portfolio reviews to support a growing number of online transactions.
Weekly Global News Wrap Up: EU regulator rejects calls for lower capital rules; Colombia must pay $61m to banks involved in Odebrecht project
And a regulator in South Africa slapped a fine on an Indian bank.
Tech upstarts woo locals as Singapore retail banking customer satisfaction falls
65% are interested in opening digital bank accounts, up from 52% in the previous year.
Finastra platform enables Asia-Pacific banks in their open banking transformation
Singapore's readiness for open banking scored 8.1 out 10 according to Finastra's index.
Singapore banks face risk of rising credit costs as bad assets mount
Net new NPA formation for all three banks rose in Q2, higher than FY18 quarterly averages.
OCBC enables cash withdrawals via QR code
Cash withdrawal at ATMs can be completed in under 45 seconds.
Chart of the Week: Singapore's virtual banks can't rely on the branchless advantage for long
Facilities costs as a proportion of incumbent lenders' assets is only 7bps compared to 103bps.
iFAST eyes Singapore virtual banking license
The move will expand its service scope to include e-payment and lending.
US dollar deposits accounted for a third of Singapore's total bank deposits in March
USD deposits rose at a CAGR of 20% over the past nine years.
Why you shouldn't miss the ABF Digital & Open Banking Conference
Top executives from Standard Chartered, Revolut and EY will attend the prestigious event.
International banking heads take home highest salaries in Singapore's financial sector
The average base monthly salary for this role can hit $24,000.
Weekly Global News Wrap Up: UBS Q2 profit hits five-year-high; BofAML shells out $40m fine: report
And Spain’s Banco Santander finds refuge in the Americas.
Digital consumers power up Singapore's big three banks
DBS and OCBC generate twice or thice as much revenue from digital retail and SME customers than traditional customers, on average.
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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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