Singapore

Singapore warns of scammers impersonating central bank officers

About 41 individuals have fallen victim to scammers, with $2.6m in losses.

Singapore warns of scammers impersonating central bank officers

About 41 individuals have fallen victim to scammers, with $2.6m in losses.

StanChart SG onboards 10,000 clients in SC Inner Circle

These clients deliver feedback and insights on initiatives and products.

MAS: freeze remittances to China for the next three months

It is effective from 1 January 2024 to 31 March.

How OCBC’s blockchain expertise is powering Singapore’s digital currency ambitions

OCBC is aiming to commercialise one or two of its blockchain solutions in 2024.

Digital bank Trust unveils environmentally-friendly payment card

It is made out of recycled plastic bottles recovered from coastal areas.

How NETS is helping SMEs get the right data to raise their revenue

NETS has a network of about 10 million cards and 130,000 payment touchpoints in Singapore.

Maybank Singapore appoints Alvin Lee as new CEO

Lee is currently head of group wealth management and community financial services.

Digital wealth platform Endowus partners with Brookfield Oaktree Wealth Solutions

Brookfield has US$850b in AUM whilst Oaktree has US$183b in AUM.

Digital asset exchange DigiFT clinches capital markets service license in SG

DigiFT can now conduct regulated dealing of capital markets products.

MUFG Investor Services opens operational center in Malaysia

Kimberly Clark’s Puneet Gupta will be the new managing director of the center.

MAS unveils multi-sector transition taxonomy

This is the first taxonomy globally to pioneer the concept of a “transition” category.

Korea’s Woori Bank faces lower profits, rising credit costs in 2024

Capitalisation, funding, and liquidity are expected to remain stable.

HSBC SG's Tancy Tan on balancing risk and innovation in AI adoption

COO Tancy Tan says the bank currently runs over 100 use cases for generative AI.

Maybank Singapore approves landmark US$100m green-linked Islamic loan

Maritime transportation services company AET will use it to reduce GHG emissions.

Singapore’s net interest margins to peak in 2024: S&P

NPL ratio will remain below 2% and NIMs may peak at up to 2.2%.

Italy brings its strong suits to Singapore’s fintech expo

Italian trade executive says 9 firms at the Singapore Fintech Festival 2023 exemplify the diverse range of products and expertise Italy can bring to the table.