Singapore
OCBC closes 2021 with 35% surge on profits
OCBC closes 2021 with 35% surge on profits
Proposed final dividend was increased to 28 cents per share.
DBS Digital Exchange poised to become key player in digital assets
The members-only exchange is one of the world’s first bank-backed digital exchanges.
Standard Chartered appoints Jessie Li as head of consumer, private, business banking
Li served as Hang Seng Bank China deputy chief executive and head of retail banking and wealth.
HSBC appoints former JP Morgan exec as new COO
The new COO has experience in AI and analytics for business operations
Singapore's carbon tax hike to leave massive economic impact: banks
Power generation, manufacturing, transport industries will be the most impacted.
MAS extends facility to support bank lending to SMEs
This is to complement Enterprise Singapore’s temporary bridging loan programme for SMEs.
DBS rolls out cybersecurity training course for 280,000 SMEs
The two-hour course is made up of 10 modules.
Scammed? OCBC Bank clients can activate 'kill switch' to freeze accounts
This includes access to current/savings accounts, ATMs, debit/credit cards, and digital banking.
Chart of the Week: Singapore card payments value to grow 8% in 2022
Contactless cards are a key driver of growth.
UOB net profits jump 40% to S$4.075b in 2021
Wealth management and loan fees hit record highs.
DBS posts record S$6.8b net profits in 2021
Loan growth was at its highest in seven years.
DBS commits add'l $100m to its foundation
The funds will mainly go to improving the livelihood affected by the pandemic.
Singaporeans want more biometric payment cards —survey
Latest industry survey reveals 88% of Singaporeans prefer biometric cards.
MAS slaps S$930m additional capital requirements for DBS
This comes after the bank’s digital services went offline in November.
MAS clarifies coverage for loss arising from scams
OCBC fully-covering losses should not set a general precedent for future cases, the regulator said.
Singapore releases methodologies on responsible use of AI by financial institutions
The Veritas Consortium also released an open-source toolkit to help with adoption.
Maybank SG new banking app enables online SME current account opening
The new Maybank2u SG (Lite) app offers e-angbao gifting and other money management features.
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The future of Asian banking isn’t ‘AI-first’ – it’s ‘fearless-first’