Singapore
OCBC's net profit down 11% to US$2.4b in 2016
OCBC's net profit down 11% to US$2.4b in 2016
The rise in net allowances offset the strong wealth management fee income.
Global mobile wallet transactions to increase 32% to $1.35t in 2017
Nearly half of these transactions will be online payments for physical goods.
Cybersecurity stalls customer adoption of fintech services in Singapore
Only 4% of customers use new payment methods in Singapore.
Citi launches global competition for tech innovators to create solutions for the public sector
Interested companies can submit applications until March 6.
APAC banks' IT spending to hit $67.1b in 2017
It's a 5.4% increase from 2016.
Weekly Global News Wrap Up: 11 trends that will define banking in 2017; Brexit risks 30,000 UK jobs
And Credit Suisse moves its investment banking team to London.
Bank of Singapore partners with Swiss bank Vontobel
Clients can now place their assets in Vontobel's Zurich booking centre.
Asia Pacific banks brace for the IFRS 9 deadline of January 2018
Banks are urged to adopt new IT solutions to meet requirements.
Number of ATM cash withdrawals worldwide up 10% in 2015
Chinese ATM usage accelerated to 23%.
Maybank launches payroll processing software for SMEs
This is in partnership with Asian Business Software Solutions.
Indonesia tax amnesty programme to have limited impact on Singapore banks
Total overseas asset declaration stood at S$108b.
DBS to be hardest hit if Ezra Group goes into liquidation
DBS has the largest exposure to Ezra at US$452m.
Asian Banking and Finance Wholesale Banking Awards 2017 now open for nominations
Entries are accepted until April 14.
Weekly Global News Wrap Up: EU banks could take up to 5 years to Brexit; Deutsche Bank fined $630m; Citi launches lending website
And find out what the biggest bankers are planning post-Brexit.
Chart of the Week: Singapore banks' classified exposure level at its worst since 2009
The banks' credit quality is still worsening.
Singapore banks' loan growth improved slightly but still "lethargic": analyst
System loans increased in December for the first time in 2016.
Citi launches app-based login solution for corporate clients
Clients no longer need a separate physical token.
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Awards
Jul
08
Event News
The company was recognised for accelerating its growth and cementing leadership in wealth management.
