Singapore
ABS warns of rise in card phishing scams
ABS warns of rise in card phishing scams
Banks will roll out additional verification, the ABS said.
DBS names new group heads of corporate & SME arm, operations
Chen Ze Ling and Welson Jamin will take over the roles, respectively.
Loan matching platform Lendela names new CFO, CTO
Lendela is planning to scale business across Hong Kong and APAC.
Straits Millennium obtains IPA for SG major payment institution licence
The company will offer digital payment token services in Singapore.
Citi eyes 10% increase in social finance funding in Asia
Over $2b in social finance transactions were raised in Asia in 2024.
Singapore unveils BL checker for banks
Banks can automatically retrieve data points to verify if the Bill of Lading is genuine.
Singapore’s SMEs missing out on S$800m annually due to idle cash
Over 2 in 5 keep their cash idle in deposits and bank accounts.
DBS names new group COO, group audit head
Jimmy Ng, current group head of operations, will retire and become a senior advisor for AI.
OCBC, EnterpriseSG offer SMEs sustainability assessments, green loans
SMEs will be able to measure their sustainability performance.
DBS’ 2024 net profit up 11%; plans quarterly capital return dividend
DBS will also set aside S$32m for a one-time bonus of S$1,000 to all staff.
Nearly 90% of Singapore banks lose clients due to onboarding delays
Singaporean banks have been experiencing the highest client losses worldwide due to Know Your Customer (KYC) inefficiencies.
SG, Indonesia FinTech startups funding decline in 2024
Singapore tech startups raised $2.1b whilst Indonesia funding declined by 75%.
Euroclear Bank secures Singapore branch licence
It will operate under a wholesale banking licence.
Here’s how ISO 20022 adoption impacted DBS Bank
It reportedly improved payments processing and regulatory compliance.
Bank of Singapore boosts Middle East, GCC operations with six appointments
Yasmine Omari will become the head of Wealth Planning for the Dubai Hub.
Toh Su Mei exits ANEXT Bank; Kai Qiu is new CEO
Ant International in the process of rolling out credit solutions for Thai MSMEs.
StanChart, Prudential Singapore’s bancassurance partnership hit 25
This is the longest on record in Singapore.
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1. BSP offers loan relief measures to ease energy price pressures 2. Malaysia finance firms see AI ambitions falter as legacy systems block progress 3. CIMB commits to Kuala Lumpur digital MSME push 4. Affin Bank sees AI reshaping Malaysia wealth advisory over next 3 to 5 years 5. HSBC to roll out HKD-denominated stablecoins in H2 2026Resource Center
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