Singapore
Chart of the Week: Singapore's virtual banks can't rely on the branchless advantage for long
Chart of the Week: Singapore's virtual banks can't rely on the branchless advantage for long
Facilities costs as a proportion of incumbent lenders' assets is only 7bps compared to 103bps.
iFAST eyes Singapore virtual banking license
The move will expand its service scope to include e-payment and lending.
US dollar deposits accounted for a third of Singapore's total bank deposits in March
USD deposits rose at a CAGR of 20% over the past nine years.
Why you shouldn't miss the ABF Digital & Open Banking Conference
Top executives from Standard Chartered, Revolut and EY will attend the prestigious event.
International banking heads take home highest salaries in Singapore's financial sector
The average base monthly salary for this role can hit $24,000.
Weekly Global News Wrap Up: UBS Q2 profit hits five-year-high; BofAML shells out $40m fine: report
And Spain’s Banco Santander finds refuge in the Americas.
Digital consumers power up Singapore's big three banks
DBS and OCBC generate twice or thice as much revenue from digital retail and SME customers than traditional customers, on average.
Singapore banks' NIM expansion could hit 1-2bp in Q2
Both OCBC and UOB could have a NIM expansion of 2bp during the period.
Asian Banking & Finance Awards recognises record number of outstanding companies
More than 270 senior banking executives graced the event.
Full go-live of SWIFT gpi for corporates kicks off
It allows multi-banked corporates to track transactions through a single standardised views.
Digital wealth manager Syfe launches in Singapore after $5.2m seed round
It also got its Capital Markets Services Licence.
Weekly Global News Wrap Up: UK banks hit by Brexit-induced investment slowdown; Deutsche Bank to pay $197m to settle bribery case
And BNP Paribas will pull out from financing private prison firms.
Virtual banks may only account for less than 1% of Singapore loan market by 2022
Retail upstarts may account for 0.3% market share and wholesale challengers will take 0.9% of the market.
Citi launches payment outlier detection service
It uses advanced analytics, AI and machine learning to detect irregularities.
Weekly Global News Wrap Up: Societe Generale reportedly eyeing to sell UK private banking arm; Wells Fargo slapped with $6.61m fine in Ireland
And bank licensing boom hits South Africa.
How GoBear makes financial comparison easy for the everyday consumer
Its platform matches users with financial products like insurance, credit cards, and trade finance.
Singapore's fintech invasion has no end in sight
About 43% of fintechs in Southeast Asia choose Singapore as their home amidst strengthening growth prospects.
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Speakers from Kasikornbank, KPMG Thailand, Systemweb Technology, and Simon-Kucher will share their insights on the industry’s latest trends and challenges.
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Digital transformation starts with leadership