Singapore

56 OCBC branches will now have a new account opening system.

But Temasek’s spokesperson neither confirms nor denies the ‘market speculation'.

There are over 130 designs available for ‘FRANK by OCBC’ credit cards.

The partnership will nearly double DBS’ number of banking outlets to 140.

It's pretty grim for bank employees looking for a job.

This is the first time a Singapore-headquartered bank gets represented in IIF.

The FATCA (Foreign Account Tax Compliance Act) legislation was enacted into US law on 18 March 2010 as part of the HIRE Act (Hiring Incentives to Restore Employment). It comes into force after 30 June 2013. Initial reports indicated that FATCA would create some 1,000 jobs in the US treasury and bring in some much-needed currency to help to manage US budget deficits. Figures between US$100b and US$350b have been quoted as the amount of money that the Inland Revenue Service (IRS) can expect to raise from FATCA.

As the banking industry moves through bonus season, more and more professionals are expected to test their worth on the job market and seek their next career opportunity. If you are one of these professionals, before you start your search make sure you review the below top tips for career success to give yourself the best chance of securing the right job for you.

Through the ABIL project BBVA has managed to create a completely new self-service banking experience. True to their philosophy of customer centric innovation, the ABIL machine was designed using a holistic approach grounded in user desirability, business viability and technical feasibility. 

Mobile financial services (MFS) today encompass a variety of offerings from mobile banking, bill and credit card payments to money transfer and cashless payments, catering to the different usage demands of developed and developing markets. The convenience of having a mobile wallet is extended to every individual who carries a mobile device. With an estimated 83% of the world’s population holding a mobile device as of end 2010 , the potential user-base and demand for MFS is significant. MFS presents a huge opportunity for financial institutions to address the needs of the unbanked population in the emerging markets of Asia, currently estimated at 1.6 billion adults .

Asia Pacific: rapid growth in fast payments The Asia Pacific payments market is sometimes seen as slower than that of the west. Despite this, the region is changing rapidly, with new developments in areas such as mobile payments and workers remittances. Richard Davies, Logica’s Asia-Pacific director, takes a view from the ground, and discusses how institutions in APAC are innovating in high speed payments. Speed in the east In the west, speed is king. With the rising popularity of instant communication methods, such as email, twitter and text messages, consumers – be they retail or corporate – are increasingly demanding that their banking services are delivered in an equally expedient manner. Asia Pacific, however, with its all too often siloed financial infrastructure, is often viewed as slow and less advanced.

UOB remains an analyst’s best pick being the least aggressive lender over the past 36 months.

The study revealed that 8 out of 10 chief marketing officers will increase social media use in 3-5 years.

Chinese paper reported that the American bank was weighing selling part of its remaining CCB stake to boost its capital.

DBS exceeded its expected net profits for the third quarter, but another Singaporean bank, UOB, posted lower than expected net profit.

Credit Suisse and Nomura Holdings recently announced cost cutting, all the more proving Asia’s falling job market.