Singapore

Less than one in ten, or only 4%, concentrate their banking activities at the ATM.

Authentication and verification of consumers require flexibility, convenience, and security. But the onus has always been on the customer to prove their identity.

ABF spoke with industry experts from Mastercard, Enterpryze, Boku, and Xfers to learn more.

SG’s regulator remains iffy on cryptocurrencies—or, in MD Menon’s words, crypto tokens.

UOB, DBS, OCBC, and Standard Chartered are participating in the initiative.

Web 3.0 is taking over, but many businesses have yet to move past Web 1.5.

It will be generated based on their spending and saving habits.

This is made possible through Singtel’s partnership with Western Union.

Local merchants will now be able to receive Singapore currency from global consumers.

The bank made the move to strengthen its multi-generation workforce strategy.

The two extended the agreement until 4 November 2022.

Heng kicked off the SFF 2021 and announced two new national AI programmes.

The digitisation initiative aims to cut down the old GIRO process from weeks to minutes.

The non-performing loans rate remained unchanged at 1.5% during the quarter.

Over $1m and 3,698oz of precious metals have been purchased through the app.

Net trade income plunged 67%, slightly offset by stronger net fees and commissions.