Singapore
How to Build for the Next Era of Financial Services
How to Build for the Next Era of Financial Services
For years, banks treated online banking as an afterthought. A website and a mobile app were necessities, but creating a digital channel that fully serviced customers wasn’t a priority. When COVID-19 struck, customers of all demographics completely switched to online banking -- and most won’t go back. Digital banking is no longer an additional channel. From now on, digital is the default.
Weekly Global News Wrap: US to name new bank regulator supervisor; Deutsche urged to tighten money laundering watch
And investors doubt Canadian banks' commitment to emissions targets.
DBS smashes record with S$2.01b net profit in Q1
DBS' net profit doubled in the first quarter of 2021.
Singapore bank loans down for 10th straight month, but recovery in sight
The 0.2% drop in March was the smallest decline recorded since the indicator turned negative in June last year.
Citi appoints director for APAC transition management and portfolio solutions team
James Clark will begin serving his new role on 24 July.
Singapore, Thailand launch real time cross-border payments system
Participating banks’ clients will be able to transfer up to S$1,000 or THB25,000 daily.
Chart of the Week: Singapore’s card payments market to grow 10.2% in 2021
Business reopenings and ongoing COVID vaccination program will support spending.
DBS, J.P. Morgan, Temasek launch open platform for interbank payments
The three banks are building up on projects from their participation in Project Ubin.
DBS, MUFG eyeing Citi's Asian consumer business
The potential bids show growing appetite for businesses like credit cards
Why you must know the robust growth of agent banking in Bangladesh
Agent Banking is getting more popular in the rural areas of Bangladesh. More number of agents and outlets are seen these days as their numbers have grown by 15.69% and 12.59% respectively in September 2020 compared to September 2019 even amid COVID-19, according to data from the country’s central bank, Bank Bangladesh (BB)
Citi to exit consumer banking in 10 Asian markets, doubles down on wealth
Consumer bank presence in Singapore, Hong Kong, UAE, and London unaffected.
Weekly Global News Wrap: US banks deploy AI monitoring despite concerns; Big Eurozone underreporting risky assets
And British digital bank Starling raises $69m from Goldman Sachs funding arm.
Citi APAC to add 1,100 relationship managers, private bankers for wealth arm
The bank expects AUM to expand by $150b under its Win-in-Wealth campaign.
DBS targets zero thermal exposure by 2039
DBS will cease onboarding new clients who derive more than 25% of their revenue from thermal coal.
Citi to exit consumer banking in 10 Asian markets, doubles down on wealth
Consumer bank presence in Singapore, Hong Kong, UAE, and London unaffected.
Citi launches digital credit card for new customers
Singapore is the first market ever where Citi has rolled out this service for new cardholders.
MUFG appoints new head of ESG finance for APAC
In the newly created role, Colin Chen is expected to build the bank’s finance strategy in the region.
Thought Leadership Centre
Most Read
1. Singtel and UOB relaunch credit card with 12% cashback 2. China CITIC Bank Int’l, Hang Seng Bank support offshore RMB repo reforms 3. OCBC targets 100 senior leaders to be ICF ACC accredited by 2027 4. GXS Bank rolls out money lock feature 5. Vietnam’s lenders bolstered by reforms and foreign direct investmentResource Center
Read Here
Advertise
Sign Up
Event News
Asian Banking & Finance Fintech Awards 2025 Winner: Lester Cruz of Singlife Philippines
Lester Cruz, CEO of Singlife Philippines, shares how the Singlife Plan & Protect app reimagines the full customer journey.
Commentary
Navigating liquidity challenges for VCs in Asia Pacific
Show, don’t tell: Asian banks need to prove simplification works – here’s how
What kids without wallets can teach us about the future of finance