Singapore
Hong Leong Bank, JCB, Soft Space drive JCB card use in Malaysia
Hong Leong Bank, JCB, Soft Space drive JCB card use in Malaysia
Sofitel Kuala Lumpur Damansara has begun accepting JCB card payments.
Singapore fintech investments record three-year low in H1
Consolidation drove fintech investments in the payments space, KPMG found.
MAS unveils revised framework to strengthen anti-ML controls in single family offices
There will be harmonised class exemption for SFOs who meet specific requirements.
UnionDigitalBank, Capital A launch embedded finance services in the Philippines
Amongst services to be offered is the “Fly Now, Pay Later” flexible payment option.
Bank of China Hong Kong warns of fraudulent website
The case has been reported to the HKMA and the local police force.
Singapore to eliminate use of all corporate cheques by 2025
Cheque transactions have declined by almost 70% between 2016 to 2022.
Public-private cooperation and partnership are key to advancing CBDCs
Whilst the merits of CBDCs are still widely debated, central and commercial banks are actively exploring the use of CBDCs in local markets.
UOB net profit up 53% in H1; 85 cents interim dividend announced
Net profit was S$1.4b in Q2 when including the one-off Citigroup integration expenses.
StashAway, family office firm to offer clients with more investment options
ACP clients can invest in private equity managers such as KKR, SilverLake, and Khosla Ventures.
BigPay revamps mobile application interface
The redesign now features a floating navigation bar.
South Korean banks to maintain eased lending stance in Q3: report
There are less banks who will ease their lending stance compared to Q2 and Q1, however
SG incumbent banks unlikely to take hit from neobanks' deposit cap raise: Fitch
Digital banks could face challenges beyond funding.
OCBC establishes chief sustainability role, nominated Mike Ng
Mike Ng will assume the group CSO position on 1 August.
Lexasure engages in partnership for auto insurance
The partnership aims to service Singapore and Cambodia’s markets.
Singapore banks face tepid loan growth; interest margins to peak in 2023
Banks may face some backsliding in its bad loans ratio, S&P’s Ivan Tan warned.
GXS opens savings account to all Singaporeans, maximum deposit raised
It offers a daily interest credit feature.
OCBC issues green trade finance facility to Seatrium
The trade facility, with issuance of Banker’s Guarantee, is worth about S$1.04b
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1. Franklin Templeton gets approval to launch first retail tokenised fund in Singapore 2. Singapore in talks with banks to enhance financing schemes for businesses 3. GXS Bank names Pei-Si Lai as group CEO 4. Banks feel pressure from private credit 5. SMBC names Luis Pereira as co-regional CIO for APACResource Center
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