Singapore
SG investment firm Whampoa Group to build digital bank in Bahrain
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.
UOB unveils exclusive wine pairing dinners for cardholders
Cardholders can also attend invite-only wine masterclasses.
Ravi Menon reappointed as managing director of MAS
Senior Advisor Goh Chok Tong is stepping down from his position.
MAS introduces scheme to boost polytechnic grads in financial sector
The authority wants an increase of more than 80% in polytechnic graduates in the sector.
HSBC SG partners with Mastercard for travel credit card
It aims to provide convenience for travellers due to the rise in post-pandemic traffic.
OCBC prices A$1b senior floating rate green notes
The bank will issue the notes through its Sydney Branch.
Moomoo Singapore and Wise collaborate for easy trade deposit system
The app will allow Singaporeans to change the local currency to Singapore dollars based on real-time exchange rates.
Singapore’s NETS boosts touchless payment options
Consumers can now use their Mastercard and Visa debit cards to make NETS contactless payments locally.
SG fintech Volopay targets to triple revenue by June 2024
Rising above the pandemic, varying regulations, and talent pool challenges, Volopay sets an ambitious goal to expand operations.
UBS appoints new CFO following Credit Suisse’s takeover
Todd Tuckner will take on the CFO post at the close of the acquisition.
GXS Bank launches brand in Singapore with GXS FlexiLoan, campaign
GXS collaborated with three local artists to create the key visuals for the campaign.
1 in 5 of OCBC’s home, renovation, and car loans now green
The Singapore bank has extended over S$3.5b of green loans in two years and targets a 10% growth in 2023.
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