Singapore
OCBC launches near-instant P2P transfers to WeChat Pay and Alipay
OCBC launches near-instant P2P transfers to WeChat Pay and Alipay
It also aims to expand the service in Indonesia and the Philippines by 2026.
UOB’s net profit climbs to $3.42b YTD amidst fee income growth
The quarter’s earnings surged 16.5% YoY.
MAS’ Chia Der Jiun touts potential of asset tokenisation, quantum
Security is already a concern when considering the potential of quantum.
Deutsche Bank injects €571m to support India growth plans
It boosts the bank’s regulatory capital by 33% YoY.
DBS’ Q3 2024 net profit climbs 15% YoY
Total income rose 11% YoY.
OCBC, Ant International team up on tokenised deposits
It aims for real-time, around-the-clock cross-border payments between Singapore and Malaysia.
Banque de France, MAS completed post-quantum cryptography trial
The technology aims to protect data from cybersecurity threats posed by quantum computing.
StraitsX partners with Ant, Grab for blockchain payments
Starting September, tourists from 12 regions can use their home payment apps.
Citi, Fidelity demonstrate real-time settlement of MMF and digital FX
It might enable faster, seamless management of treasury positions.
ANEXT Bank, Schroders to launch investment funds to MSMEs
Over 30% of ANEXT’s customers are foreign business owners.
MAS unveils plan to advance tokenisation in financial services
The plan focuses on four areas.
Crypto platform Gemini clinches in-principle approval in Singapore
Gemini is one step closer to getting a major payment institution license.
OCBC demonstrates intraday institutional lending capabilities
It made use of reverse repos on J.P. Morgan’s Digitial Financing app.
Singapore launches GFTN to strengthen fintech hub status
Sopnendu Mohanty will leave MAS in 2025 to become group CEO of GFTN
Trust Bank, Income Insurance rolls out new travel insurance
It offers coverage for unused entertainment tickets, and shopping and baggage coverage.
Bank of Singapore unveils alternative investment digital platform for independete asset managers
Close to 30 funds will be made available in FIM Alternatives Select.
Singapore, Italy kick off program showcasing 6 Italian fintechs
The startups get 1-to-1 pitching sessions with investors, amongst others.
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1. OCBC targets 100 senior leaders to be ICF ACC accredited by 2027 2. GXS Bank rolls out money lock feature 3. China CITIC Bank Int’l, Hang Seng Bank support offshore RMB repo reforms 4. HKMA study identifies AI and data analytics as key banking skills 5. Atome Financial’s operating income up 63% to $236m in 2024Resource Center
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