Singapore

Banking on customer experience

By Ricky Kapur, Head of Asia Pacific, Zoom

MAS slams 6 ex-Great Eastern financial advisers with prohibition orders

This follows after the six individuals were convicted of tax evasion.

MAS grants Wallex new services in addition to MPI license

The new services come on top of its Major Payment Institution (MPI) license.

Winnie Chen named BNY Mellon's Singapore chief executive

This is in addition to her role as APAC Head of Treasury Services.

StanChart, SFA unveil paper exploring DLT-use in supply chain payments

The publication explores stakeholder collaboration for improved payment transparency in supply chains.

Worldpay terminates OxPay deal over alleged clause breach

The termination could affect the company's financial standing end-2023.

Singapore’s finance and insurance industry shrank 0.9% in Q1

Banks saw a decline in net fees and commissions during the first three months of 2023.

Atome’s buy now pay later service now available in Amazon Singapore

Customers can opt to pay in three installments with zero interest through Atome.

Singapore central bank boosts efforts for AI and data analytics skills

The central bank will aggregate skills demand and collaborate with financial institutions.

SG investment firm Whampoa Group to build digital bank in Bahrain

It aims to establish a digital bank by the end of this year.

MAS, New York Fed unveil results of study on DLT use for cross-border wholesale payments

Distributed ledger could be used to enhance cross-border multi-currency payments, the study found.

Only 30% of Singaporeans trust financial institutions, amongst the lowest in the region

In Hong Kong, Australia, and Singapore, less than half of the customers express trust in their banks.

OCBC unveils decarbonization targets for six sectors

The bank commits to achieving a net zero status for its financed emissions by 2050.

AlTi completes acquisition of SG-based AL Wealth Partners

This is in line with AlTi’s goal to assist SG’s growing clientele.

Singapore’s big three banks averaged 3% decline in total returns in Jan-May: SGX

They are performing better than their US counterparts, however.