Singapore

New China rules no threat to Singapore banks' wealth businesses: Maybank

Singapore banks do not serve the investor segment most affected by the changes.
1 day ago

Singapore banks face currency split as ringgit offsets losses

DBS is most exposed to IDR and INR, whilst the ringgit cushions OCBC and UOB.
2 days ago

Singapore payments to hit $114b by 2030

Transaction value reached $39b in 2023 and is projected to grow 16.3% annually.
3 days ago

OCBC enables remote business account opening in Malaysia via Singpass

The bank will authenticate business owners remotely without need to visit a branch.

DBS brings tokenised physical gold to retail investors via digibank

It is also exploring plans to list the token on DDEx.

DBS, HSBC, AIA and more convene at ABF IA Summit Singapore on 1 July

Leading voices from the banking and insurance industries will meet at Andaz Singapore to discuss trust, transformation, and AI.

HSBC and Mastercard pilot AI agents for automated e-commerce payments

It automates procurement and payments between corporate buyers and suppliers.

Credit Bureau and Experian Malaysia sign credit reporting MoU

The partnership will support consented cross-border credit report applications between Singapore and Malaysia.

Singapore banks lean on wealth and higher global yields for growth

The sector is likely to see return on equity expansion thanks to NII growth.

Citibank Singapore offers Citigold clients one-day Porsche test drives

They can also have a light breakfast, and a 60 to 90 minute accompanied test drive.

UOB's potential asset management sale could unlock value for wealth push

The bank is likely to reinvest any proceeds to enhance its advisory capabilities.

OCBC unveils local physical gold service for institutional clients

The bank will offer 12.4kg gold bars alongside 1kg kilobars. 

DBS Remit adds Weixin Pay as transactions surge eightfold

Average ticket sizes have grown to over S$800 since February.

How can Singapore’s big banks offset weaker lending margins?

Net interest income at DBS, OCBC, and UOB is expected to fall this year.

DBS rolls out ‘tap-to-phone’ payments at MAX app

Stall merchants will be able to activate the service in three steps, the bank said.

UnionPay and STB renew 3-year deal to boost Singapore tourism spending

They will partner with banks, luxury travel platforms, and tourism stakeholders.