Singapore
HSBC sets up Singapore centre to explore quantum tech in finance
HSBC sets up Singapore centre to explore quantum tech in finance
Initial priorities include PQC, QKD, and long-term infrastructure resilience.
DBS’s multi-family office VCC hits S$1b assets under management
They are aiming to hit S$2b in AUM by end-2026.
Social pressures drive financial misreporting in Singapore
The highest misreporting rates are in the Philippines (47%) and Indonesia (45%).
UOB, Hengfeng Bank, Shangao Holdings ink MOU for Chinese firms’ overseas expansion
They will provide cross-border trade financing and investment banking solutions, amongst others.
DBS, Franklin Templeton, Ripple launch tokenised fund trading solutions
DDEx will list FT’s sgBENJI token alongside the Ripple USD stablecoin.
DBS launches new Asia Gateway operations hub at PBC Jurong
The bank said DAG houses about 1,000 Operations Group employees.
OCBC to provide social loans to 10,000 women entrepreneurs by 2030
It has supported over 2,000 women-owned SMEs as of June 2025.
CIMB Singapore rolls out card for sole proprietors and SME owners
It offers zero FX fees and complimentary airport lounge access.
Standard Chartered Singapore posts 13.7% rise in H1 2025 net profit
However, total operating expenses also widened by 5.2%.
GXS Bank expands SME lending after Validus acquisition
It’s also targeting Grab merchants and Singtel customers for financing.
Citi’s new Singapore head is first local to hold the position in 50 years
Lee Lung Nien has been with Citi for 35 years.
CIMB names new growth markets, Singapore unit chief
Victor Lee Meng Teck has resigned and will be on “gardening leave.”
Experian and SFA launch partnership to boost FinTech growth
The goal is to accelerate the growth of high-potential companies offering scalable technologies.
Over 370,000 Singapore bank customers used the money lock feature
More than $30b have been locked up.
SG banks’ uncertainty ratings revised to low as tariff risks ease
Their uncertainty risks were raised to medium in April 2025.
Which bank brands are most favored by Singapore’s wealthiest?
Top brands are those with wealth management expertise and international reach.
Citi and SMRT celebrate 20-year partnership with new card benefits
These include a limited cashback offer for new cardmembers and ringgit savings.
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1. Singapore banks introduce safeguard for large digital withdrawals 2. SMBC Group establishes offshoring hub in Chennai, India 3. Singapore banks lead globally in AI use for financial crime compliance 4. Private lenders step in as Hong Kong banks cut real estate loan growth 5. CIMB unveils new wealth management platform in MalaysiaResource Center
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Asian Banking & Finance Retail Banking Awards 2025 Winner: Kwong Wah Eric Fan of Shanghai Commercial Bank
Kwong Wah Eric Fan of Shanghai Commercial Bank highlights how the company drives fintech growth through digital transformation.
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Electronic trading proves its strength in times of volatility