Singapore

Digital transformation starts with leadership

When employees understand the “why” behind a change, digitalisation becomes a shared journey rather than a top-down mandate.

Singapore bank wealth fees surge 44% to defy NIM squeeze

Overall fee income is expected to expand at a double-digit rate of 31% this quarter.

OCBC profit expected at $1.7b on higher fee and insurance income

Fee income and insurance contribution are expected to have grown during the quarter.

UOB profit set to slide 16.7% on lower wealth and loan fees

It will take time for UOB to return to its peak profitability, the report said.

Grab launches iPhone tap-to-pay feature

Merchants can accept contactless cards without POS hardware.

Crédit Agricole unifies CIB and wealth arms in 43,400 sqft hub

An internal staircase now connects the corporate and wealth management teams across two levels.

OCBC sets up securities financing unit to mobilise idle assets

Customers have the chance to earn fee income from lending out their idle securities.

Trust is first banking app in Singapore to offer fractional trading

It now gives access to over 7,000 US stocks and ETFs.

XTransfer targets $20t market with Alipay-style instant transfers

 Buyers and sellers can complete transfers 24/7 in as fast as 15 minutes.

UOB logs ‘highest’ Copilot usage amidst 40-branch rollout

Specialised digital assistants now manage product inquiries across Singapore.

DBS faces credit cost spike on Autobahn exposure

Singapore largest bank holds an estimated S$102.6m in loan exposure to the car leasing firm

Bank of Singapore appoints OCBC veteran as global CFO

Collins Chin worked at OCBC for over 16 years before taking on this new role.

HSBC says 'no decision' made in Singapore insurance review

HSBC said Singapore stays a priority market for wealth and wholesale growth.

Three Singapore banks pull $3.0b in net retail inflows

DBS Group Holdings was the largest recipient of net retail inflows.

MUFG Bank sets up structured trade solutions subsidiary in Singapore

It is wholly owned by the Japanese megabank’s consolidated subsidiary.