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DBS adapts AI-powered bank screening process
The system will conduct automated risk assessment of clients, investments, and transactions.
DBS adapts AI-powered bank screening process
The system will conduct automated risk assessment of clients, investments, and transactions.
UBS Singapore fined $11.2m for deceptive practices by advisors
They did not inform the clients of higher spread or improved interbank price of bonds.
Massage chair maker V3 in talks with Temasek unit for digital bank license bid
V3 recently created a fintech unit and hired a former CEO of a Temasek unit as adviser.
OCBC to enable PayNow fund transfers by January 2020
This will make Singapore the second country to launch new version of Google Pay.
Japan's online financial firm SBI Holdings buys 20% stake at Fukushima Bank
It plans to create a joint outlet that will offer mutual funds, insurance products, and loans.
DBS rolls out QR payments in 27 Singapore hospitals
DBS has worked with three healthcare clusters on the payment infrastructure.
UOB launches digital finance management service
Customers can track the state of their finances, chase refunds, and monitor subscriptions.
DBS Group profits up 15% $1.63b in Q3
This was due to higher net interest income, loan growth, and fee income.
Kasikornbank introduces QR and barcode payment scheme
It will provide merchants with a one-stop app to various QR and barcode mobile payment providers.
OCBC, DBS vying for Indonesia's Bank Permata
Bank Permata’s owners are seeking a valuation 1.6x of its book value.
DBS Hong Kong launches fully virtual wealth management account
Customers can now set-up a multi-currency savings and wealth management account through their smartphones.
Siam Commercial Bank launches cross-border QR payments in Singapore and Thailand
Singapore merchants can offer promotions and deals through the SCB Easy app.
MAS, Bank Indonesia extend $10b bilateral financial agreement
The deal allows the two banks to access foreign liquidity from each other.
UOB launches QR-code payments for cash-on-delivery
It aims to reduce fraud risks for corporates, of which two-thirds still receive cash from buyers.
OCBC launches instant account opening for startups
Startups no longer have to wait for a day to have an account.
UOB issues $140m of maiden green loans
It will be used to build a hotel and a construction and prefabrication hub.
UOB profits up 8% to $1.12b in Q3
This was driven by a healthy loan growth of 8%.
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The Bank of Thailand is eyeing to expand connectivity with more countries.
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Generative AI’s role in the evolution of banking