Singapore
DBS prohibited from buying new businesses or closing branches for 6 months
DBS prohibited from buying new businesses or closing branches for 6 months
MAS will review progress after six months and may choose to extend the measures.
DBS unveils financing solution to boost SMEs’ sustainability ventures
The DBS Eco Renovate Loan allows SMEs to finance up to 100% of their expenses related to sustainability.
Payments fintech YouTrip raises US$50m in Series B round
The firm is gearing up to expand in Indonesia, Malaysia, the Philippines, and Vietnam.
UOB’s net profit up 5% to S$1.5b in Q3
Net fee income growth helped drive profits.
Singapore proposes shared responsibility framework for phishing scams
Both financial institutions and telcos are held accountable for mitigating scams.
75% of Singapore SMEs mull ditching banks for payment needs
1 in 2 of SMEs in Singapore complained of lengthy processing and settlement times.
MAS proposes fund management regulation shake-up with new framework
If approved, the existing RFMC regime will be repealed.
OCBC rolls out generative AI chatbot for employees, amongst world’s first
Over 4 million decisions in the bank are made by AI daily, OCBC shared.
MAS issues expectations for financial institutions’ net zero transition planning
The guidelines are aimed at helping FIs enable effective climate change mitigation.
Citibank Singapore launching new satellite wealth advisory hubs in 2024
The Parkway Parade hub and One Holland Village hub expands Citi’s physical footprints.
DBS, SkillsFuture SG ink two-year partnership to boost green skills in SMEs
Courses will be offered under the DBS BusinessClass Academy and its partners.
HSBC Singapore appoints new head of commercial banking
She previously held the role of head of global banking.
SG’s financial sector welcomes automation amidst economic uncertainty
20% of staff have noted resistance to the overall process of automation.
DBS, Univers ink deal to concoct digital solutions toward net-zero
Pilot tests will initially involve DBS' SME clients in Hong Kong, India, Mainland China, and Singapore.
UOB assembles panel for sustainability advising
Industry experts were handpicked to lead the panel.
Ripple obtains MPI license in Singapore
Singapore is one of Ripple’s fastest growing markets, it said.
Why the bank of the future is not really a bank
ANEXT Bank’s Toh Su Mei reveals how they are reimagining banking for small and medium enterprises.
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Commentary
Asia is leading payments modernisation and banks can't afford to fall behind
Investing in an inefficient market
Platinum cards, paper-thin compliance?
Energy price volatility highlights structural gaps for managing FX risk in APAC
Asia’s electronic markets reach an inflection point of transformation
Tokenisation in the Philippines: The consumer is ready, but is the infrastructure?