Singapore
Maybank Singapore unveils CPF time deposit for 2.9% per annum
They must allot at least S$20,000 from their CPF ordinary accounts to the time deposit account.
Maybank Singapore unveils CPF time deposit for 2.9% per annum
They must allot at least S$20,000 from their CPF ordinary accounts to the time deposit account.
1 in 3 Singaporeans use digital investment apps
There is a desire in the local population to increase private wealth, says UnaFinancial.
Singapore now has S$3.2b in funds ‘locked’ to prevent scams: ABS
Around 38,000 accounts now make use of local banks’ money lock feature.
SG startup Qashier launches QR payment terminal
It accepts the majority of e-wallet QR payments and is expected to benefit hawkers and minimarts.
NETS replacing FlashPay Cards with Prepaid Cards
NETS FlashPay Cards can be exchanged for NETS Prepaid Cards at any 44 SimplyGo Ticket Offices.
CIMB Singapore triumphs in multiple categories with innovative financial solutions
The bank took home awards for Singapore International Cash Management Bank of the Year, Singapore International SME Partnership Initiative Bank of the Year, Syndicated Loan of the Year - Singapore and Innovative Deal of the Year - Singapore.
Singapore warns of scammers impersonating central bank officers
About 41 individuals have fallen victim to scammers, with $2.6m in losses.
StanChart SG onboards 10,000 clients in SC Inner Circle
These clients deliver feedback and insights on initiatives and products.
MAS: freeze remittances to China for the next three months
It is effective from 1 January 2024 to 31 March.
How OCBC’s blockchain expertise is powering Singapore’s digital currency ambitions
OCBC is aiming to commercialise one or two of its blockchain solutions in 2024.
Digital bank Trust unveils environmentally-friendly payment card
It is made out of recycled plastic bottles recovered from coastal areas.
Foreign banks in China grapple with asset quality stress, regulation fluctuations
Their assets make up 1.3% of the system as of H1 2023.
How NETS is helping SMEs get the right data to raise their revenue
NETS has a network of about 10 million cards and 130,000 payment touchpoints in Singapore.
Maybank Singapore appoints Alvin Lee as new CEO
Lee is currently head of group wealth management and community financial services.
Digital wealth platform Endowus partners with Brookfield Oaktree Wealth Solutions
Brookfield has US$850b in AUM whilst Oaktree has US$183b in AUM.
Digital asset exchange DigiFT clinches capital markets service license in SG
DigiFT can now conduct regulated dealing of capital markets products.
MUFG Investor Services opens operational center in Malaysia
Kimberly Clark’s Puneet Gupta will be the new managing director of the center.
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HSBC Hong Kong shines at ABF Retail Banking Awards
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1. Zed challenges banking norms with no interest, forward-looking credit card 2. Citi names Amit Dhawan as head of CCB Singapore 3. StanChart joins Visa’s B2B Connect to enhance cross-border payments 4. Hang Seng Bank warns against phishing email 5. Fintech Qashier clinches in-principle approval for a MPI license from MASAwards
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