Singapore
DBS names new group COO, group audit head
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.
DBS, OCBC slated for Q4 net profit growth
Wealth management contribution will be higher than 2023 but lower from Q3.
Primer, dtcpay team up to expand stablecoin payments in SEA
Payment options include credit and debit cards, Apple Pay, and Google Pay.
Singapore loan market sees nearly 49% growth in 2024
Key driver was the borrowing activity by commodities firms, which accounted for US$18.4b or 23% of the total loan volume
Singapore FIs face stricter regulatory scrutiny in 2025
Singapore bucked the trend in 2024, with more fines issued.
XTransfer granted MPI license in Singapore
XTransfer will launch its payments solutions soon.
Singapore sees $2.1m lost in credit card fraud over three years
Card scheme operators have implemented the 3-D Secure protocol for added security.
Johor-Singapore economic zone seen attracting regional firms: OCBC
In 2024, OCBC supported about 260 new mid-sized enterprises to set up shop in Malaysia.
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