Singapore
Maybank Singapore rolls out money lock feature
Customers will need to visit branches or use select ATMs to unlock funds.
Maybank Singapore rolls out money lock feature
Customers will need to visit branches or use select ATMs to unlock funds.
CIMB SGoffers up to 3.88% limited-time rate for new business customers
The offer is valid until 31 August 2024.
Singapore proposes strengthened anti-money laundering bill
This includes empowering law enforcement agencies in prosecuting ML offences.
UOB winds down digital credit assessment subsidiary
It had promised to invest S$12m on Avatec when it launched in 2018.
SG banks turn to upskilling as hiring sentiments turn ‘cautious’
Roles related to wealth advisory and anti-ML and fraud are most in demand.
Hong Kong IPO market plummets to lowest in two decades
IPOs in Hong Kong only raised $1.5b to date, 35.2% lower than in H1 2023.
Silverlake Axis names Cass Goh as new CEO
Goh has been Silverlake Axis’ group deputy executive chairman since Oct 2023.
HSBC Singapore unveils Live+ credit card for lifestyle spending
It offers an 8% cashback and 15% discount on selected transactions.
Banking sector poses highest money laundering risks in Singapore
Non-banking sectors such as corporate service providers, real estate, casinos, and precious stones also pose high ML risks in the country.
Robo-advisors gain traction amongst younger Singaporeans
40% of respondents under 35 stated using robo-advisories.
Singapore and Cambodia launch financial transparency corridor for SME trade
Participating financial institutions include ANEXT Bank and Advanced Bank of Asia.
OCBC Securities launches Singapore’s first AI stock-picker
The AI-powered tool will be key to boosting its pool of active investors.
OCBC Digital Silvers Programme targets 10,000 “digitally shy” elderly
The bank kicked off the programme in 2024 with a carnival-style event at Bishan Community Club.
DBS named as SEA’s most profitable bank
DBS ranked as the 10th largest company in terms of revenue in Fortune’s SEA 500 list.
OCBC’s final offer for Great Eastern squeeze out at S$25.6 per share
Closing date has been extended to 12 July.
Evergreen Group obtains financing license to expand in Malaysia
With the license, the company can fund affordable housing for civil servants.
DBS targets $370b in wealth assets by 2026
DBS saw a 23% increase in wealth assets in 2023.
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1. OCBC taps Citi alt chief executive to lead Hong Kong consumer and wealth businesses 2. DBS, UnionPay launch multi-currency debit card 3. Morgan Stanley opens Southeast Asia headquarters in Singapore 4. Southeast Asia’s digital banks – the road from good to great 5. Maybank rolls out green financial advisory service to SEA SMEsResource Center
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