Singapore
The New World of Risks Faced by Digital Banks in Singapore
The New World of Risks Faced by Digital Banks in Singapore
The digital banking sector in Singapore has grown in importance over the years alongside the established banks, improving the quality of financial services, albeit in a competitive environment with one of the most stringent licensing and regulatory regimes.
Tech and transformation take center stage at the ABF Summit 2023
Over 180 participants graced the 20+ sessions in the day-long event.
BEA warns against 16 fraudulent websites
It has reported these sites to the local police and the HKMA.
Credit Suisse to pay $1.013b to Georgian billionaire Bidzina Ivanishvili: SG court
The found that Credit Suisse failed to secure trust assets of Ivanishvili.
Changi Pay joins Alipay+ ecosystem, can now be used to pay in China
New users who top up S$50 will receive S$40 off iShopChangi purchases.
MAS enforced over S$20m in penalties in past 18 months
Authorities issued 18 prohibition orders and logged a total of 39 criminal convictions.
OCBC taps Alipay+ to enable customers to pay in China, Korea, Malaysia with digital app
Payments will be made directly from customers’ OCBC SG bank accounts.
Bank of Singapore names new global head of legal and regulatory compliance
His role is effective starting 2 October, replacing Eric Teh.
OCBC’s Wisma Atria branch launch new partners, celebrates anniversary
The branch receives 7 times more credit card applications compare to banking-only branches.
YouBiz unveils multi-currency corporate cards in Singapore
The card can be issued in 9 currencies without FX fees or monthly subscription fee.
Singapore’s banking customer experience stagnates in 2023: Forrester
Citibank and DBS improved their CX scores, whilst three other banks got lower scores.
DBS's Sanjoy Sen explores digital currency, future M&A opportunities
Sen also discussed DBS’ recent integration of Citi Taiwan’s assets in just one weekend.
StanChart names Mike Tan as new global head of wealth planning and family advisory
He will start in his new role on 25 September.
Robocash Group enters new phase as ‘UnaFinancial’
It plans to expand its services in the financial sector.
OCBC says its anti-malware security feature saved more than S$2m since launch
The feature protected over 30 customers whose phones contained malware from sideloaded apps.
OxPay receives licence to offer e-money and account issuance
The fintech said it won’t have any material impact on the group’s financial statement this year.
Liyen Wee takes spot as VP, head of wealth at Cohen & Steers
She will be headquartered in Singapore under David Conway’s management.
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
Commentary
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