Singapore

The working group is calling out to local organisations offering BNPL to join their ranks.

In November, Singapore’s National AI Office (NAIO) collaborated with the Monetary Authority of Singapore (MAS) and the Smart Nation and Digital Government Office (SNDGO) in a programme to strengthen AI capabilities within Singapore’s financial sector by providing financing and access to government data. In fact, even before the pandemic, the financial services industry has already been witnessing an acceleration in digital transformation. 

Digital payment methods chip away at card use and bank transfers.   Buy now, pay later (BNPL) market is projected to grow at a compound annual growth rate (CAGR) of 40% through 2025 to become the fastest growing online payment method in Singapore, reports FIS.

MAS has ordered all of their assets in Singapore to be frozen.

His cash bonus jumped 51% in 2021 compared to the previous year.

It is transforming its data centres and server rooms into carbon-neutral assets.

It will be chaired by CEO Piyush Gupta and will consist of DBS board members.

Local FIs are reportedly taking appropriate measures to manage risks, says MAS.

DBS, OCBC, and UOB have reportedly stopped issuing letters of credit.

One of the three failed to meet market expectations.

The government is also donating US$100,000 for Ukranians’ humanitarian needs.

It’s no exaggeration to say that financial services are critical to Singapore’s future prosperity. The country has long punched above its weight in the global  financial services industry, serving as a strategic operational base for a huge number of major international organisations to do business throughout Asia. As a result, the sector is responsible for approximately 200,000 jobs and accounts for around 10% of Singapore’s GDP each year. 

Proposed final dividend was increased to 28 cents per share.

The members-only exchange is one of the world’s first bank-backed digital exchanges.

Li served as Hang Seng Bank China deputy chief executive and head of retail banking and wealth.

The new COO has experience in AI and analytics for business operations