Singapore

Singapore fintechs nab 51% of funding in ASEAN as of Q3

Singapore Life’s $150.39m funding was amongst the year’s notable deals.

OCBC to enable PayNow fund transfers by January 2020

This will make Singapore the second country to launch new version of Google Pay.

Singapore's big three banks averaged total return of 12% YTD

DBS, OCBC and UOB have averaged an 8% YTD growth in net profit to a combined $11.85b.

The machine learning challenge: Why does it matter to banks in Singapore?

Understanding the intricacies of global best practices and adapting to it will set machine learning (ML) on a successful course; highly skilled accountants are vital to that process – including those in the banking industry.

Central Bank of France to open first Asian office in Singapore

It aims to forge closer relations with APAC central banks and financial authorities.

South Korea launches digital open banking service

Users may access all local bank accounts through their own mobile banking apps.

DBS rolls out QR payments in 27 Singapore hospitals

DBS has worked with three healthcare clusters on the payment infrastructure.

Coordination, cooperation, collaboration: Closing the trade finance gap together

The trade finance gap is a serious issue that is impacting the health of global trade and business development in many countries across the world. Trade finance is the fuel of global trade, upon which 80 to 90% of world trade relies, and if access to trade finance is compromised for certain companies, global trade will be unable to reach its full potential.

UOB launches digital finance management service

Customers can track the state of their finances, chase refunds, and monitor subscriptions.

DBS Group profits up 15% $1.63b in Q3

This was due to higher net interest income, loan growth, and fee income.

AML due diligence: Tracking the good, the bad before it turns ugly

As the ways and means of hiding dirty money rise, banks, MAS and law enforcement must keep up.

Singapore seeks to be Southeast Asia's virtual bank and fintech hub

It seeks to tap into a digital channels market which could be worth $110b by 2025.

Siam Commercial Bank launches cross-border QR payments in Singapore and Thailand

Singapore merchants can offer promotions and deals through the SCB Easy app.

MAS, Bank Indonesia extend $10b bilateral financial agreement

The deal allows the two banks to access foreign liquidity from each other.