Singapore
CIMB, Frasers Property to offer SG’s first ‘pay-as-you-earn’ loan
CIMB, Frasers Property to offer SG’s first ‘pay-as-you-earn’ loan
Benefits include first-year savings of up to $7,360 and annual savings of up to $6,360.
DBS launches Gen-AI virtual assistant for corporate clients
The service provides 24/7 corporate banking support via the IDEAL platform.
MAS, OJK renew partnership to drive ASEAN FinTech growth
Theartnership focuses on cross-border knowledge sharing and regulatory cooperation.
Franklin Templeton launches Singapore’s first tokenised fund
The fund leverages blockchain technology to enable fractional ownership, lowering the minimum investment to just US$20.
OCBC could distribute $460.7m in additional capital to investors
This would equate to about 13 Singaporean cents per share.
OCBC net profit holds steady at $1.98b in Q3
Quarter-on-quarter, net profit was up 9% from $1.82b.
Fighting fraud in the digital banking age
Cybercriminals are exploiting new weaknesses, with digital document forgeries up 244% year-over-year.
OCBC names Melvyn Low as group chief strategy & transformation officer
He will continue to lead the global transaction banking division.
UOB’s net profit down 16% to $443m in Q3
This was due to net interest income declining 8% year on year to $2.3b.
DBS’s net profit slips 2% YoY in 9M
The group attributed this to the impact of the global minimum tax.
Singaporeans account for 11% of stolen card data: study
In terms of price, Japan is most expensive whilst New Zealand saw the most growth.
Affluent cardholders lead spending, travel activity after F1 race: Visa
Affluent card users have 65% more shopping spend whilst 35% of travellers visited other places post-race weekend.
MAS, police tighten coordination for Prince Holding Group probe
MAS said FIs have filed early alerts and shut suspect accounts, limiting fund exposure.
HSBC Innovation Banking launches Singapore operations with $1.5b fund
Neil Falconer has been appointed to lead the Singapore arm of HSBC Innovation Banking.
DBS and Goldman Sachs complete first interbank OTC crypto options trade
Industry observers say this could accelerate the development of an interbank market for crypto derivatives.
Here's how UOB plans to grow its wealth and wholesale units
For its wholesale banking business, UOB is touting its financing of supply chains as key for growth.
How Gen AI is transforming banks’ financial advice, risk, and operations
Gen AI can be used to reimagine distribution, improve financial advise, and transform risk management.
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