Singapore
GXS FlexiLoan customers have saved S$4m in interest: GXS Bank
The loan’s interest is calculated daily based on the outstanding balance the day before.
GXS FlexiLoan customers have saved S$4m in interest: GXS Bank
The loan’s interest is calculated daily based on the outstanding balance the day before.
MAS eyes enhanced safeguards for elderly and non-english proficient financial clients
Authorities aim to implement enhancements no later than H2 2025.
Chart of the Week: Singapore investment banking fees down 14% in Q1
Advisory fees from M&A transactions fell by 74% during the quarter.
MAS expands regulations for digital payment token service providers
It will impose requirements for anti-money laundering and user protection.
Ant International launches Programme Sirius for enhanced sustainability
The initiative is in line with the United Nations’ sustainable development goals.
Singapore leads Southeast Asia in financial management interest
It was driven by rising per capita income and a growing wealthy demographic.
UOB names new head of global group markets and new Hong Kong CEO
Kelvin Ng and Adaline Zhang bring over two decades of experience to their new roles.
OCBC cross-border QR payments to quadruple in 2024 on China tourist wave
The bank anticipates 250,000 cross-border QR payments this year.
DBS and JPMAM unveils investment portfolio for retirement needs
The portfolio calibrates asset allocation depending on investors’ life stages.
Why Singaporeans are okay with locking away over $4b of their money
Customers can only access ‘locked’ money with a physical card or by visiting a branch.
'Tighter' financial conditions to weigh on Singapore's lending market: MAS
Risks include high inflation, geopolitical tensions, and spillovers from China's economic situation and global real estate market strains.
Maybank Singapore prevents loss of S$1.16m across 17 cases
One case sees a service manager prevent a S$37,000 scam.
DCS Card Centre secures add’l $100m upsize in asset-backed notes
The funds will be allocated to finance DCS's receivables from retail and corporate customers.
Bank of Singapore names Credit Suisse banker as Greater China COO
Ronnie Cheung was appointed as Credit Suisse’s Hong Kong COO in 2021
OCBC unveils new financing programme for women SME owners
They can avail of up to $100,000 in loans with processing fees waived.
Citi’s Shally Koh on how to foster a more diverse banking organisation
The bank is touting its male allyship and mother support programs as part of its bid for gender equality.
Ex-CEO, directors of Envision Wealth Management charged by MAS
They allegedly committed offences against the Securities and Futures Act, amongst others.
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1. Zed challenges banking norms with no interest, forward-looking credit card 2. Citi names Amit Dhawan as head of CCB Singapore 3. StanChart joins Visa’s B2B Connect to enhance cross-border payments 4. Hang Seng Bank warns against phishing email 5. Fintech Qashier clinches in-principle approval for a MPI license from MASResource Center
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HSBC Hong Kong shines at ABF Retail Banking Awards
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1. Zed challenges banking norms with no interest, forward-looking credit card 2. Citi names Amit Dhawan as head of CCB Singapore 3. StanChart joins Visa’s B2B Connect to enhance cross-border payments 4. Hang Seng Bank warns against phishing email 5. Fintech Qashier clinches in-principle approval for a MPI license from MASAwards
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