Singapore
How Citi’s hiring spree sets into motion its $150b new AUM goal by 2025
The bank looks to hire 1,500 new employees in Singapore alone and triple AUM.
How Citi’s hiring spree sets into motion its $150b new AUM goal by 2025
The bank looks to hire 1,500 new employees in Singapore alone and triple AUM.
Guilty! Majority of Singaporeans believe their banks are greenwashing
Around half of consumers enjoy the availability of green financial services.
MAS to explore digital assets use cases with Project Guardian
The first pilot sees DBS, JP Morgan, and Marketnode explore lending on a public blockchain.
MAS slaps S$330m add'l capital requirement at OCBC after phishing fiasco
The review found deficiencies in the bank’s risk mitigation and incident management.
Bank of Singapore appoints global head of investments
Robert Reid has 30 years of legal, consulting, and financial services experience.
OCBC invests S$25m to reduce carbon footprint in operations
The bank plans to retrofit its buildings with solar panels.
Grab unveils new financial brand GrabFin
It also rolled out its investment product, Earn+, with a projected yield of up to 2.5% per annum.
Singapore fintech talents record 2nd highest turnover rate globally: study
Beyond attractive compensation, fintechs should also emphasise wellbeing, flexiwork.
Payments platform YouTrip unveils YouBiz offering zero FX fees and unli cashback
YouBiz is also launching a credit facility offering flexible financing to SMEs.
Airwallex rolls out virtual borderless card in Singapore
Businesses will be able to transact in more than 140 currencies and wherever Visa is accepted.
DBS, Xero simplifies SMEs loan application with data-sharing partnership
Xero customers now has the option of sharing their transaction records to DBS.
Singapore banks report lower earnings in unison
DBS, OCBC, and UOB all saw their profits fall 10% year-on-year.
UOB profits down 11% to S$906m in Q1 amidst market volatility
Loan fees grew, but credit card and wealth fees recorded declines.
OCBC reports S$1.36b net profit in Q1
Profits were 10% lower than last year, but 39% higher than Q4 2021.
DBS posts US$1.3b net profit in Q1, second-highest on record
Wealth and investment banking fees were lower after 2021’s exceptional year.
6 in 10 Singaporeans have high trust in banks
Only 5% have low trust in the banking industry.
DBS, Manulife Singapore launch insurance starter plan ProtectFirst
Customers can choose from three plans that focus on illness, life protection, or accident coverage.
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