News
NETS opens up global commerce with Alipay+ integration
NETS opens up global commerce with Alipay+ integration
Local merchants will now be able to receive Singapore currency from global consumers.
UOB launches gig employment model for retirees
The bank made the move to strengthen its multi-generation workforce strategy.
MAS and Bank Indonesia extends $10b bilateral financial agreement
The two extended the agreement until 4 November 2022.
Singapore to invest S$180m for AI research
Heng kicked off the SFF 2021 and announced two new national AI programmes.
Eight Singapore banks to participate in new eGIRO launch
The digitisation initiative aims to cut down the old GIRO process from weeks to minutes.
HKSTP unveils R&D environment for testing fintech innovations
Banks and tech firms can use Fintech Virtual Lab to build and test innovations.
DBS’ net profits jump 31% to $1.7b in Q3
The non-performing loans rate remained unchanged at 1.5% during the quarter.
OCBC allows real-time digital purchase of gold, silver
Over $1m and 3,698oz of precious metals have been purchased through the app.
HSBC invests $2b to be a ‘digital first’ bank
Part of that investment means partnering with more fintechs to create digital banking products.
OCBC’s net profits up 19% to S$1.22b in Q3
Net trade income plunged 67%, slightly offset by stronger net fees and commissions.
UOB Q3 profit leaps 57% to S$1.05b
Net profit also saw a rise of 4% QoQ.
Westpac capital position to remain strong following A$3.5b buyback
Westpac is one of Australia’s four major lenders.
Singapore’s SMBs adapt as more consumers seek contactless payments
Nearly four in five Singaporeans expect to use contactless payments, the highest in the world.
DBS rolls out one-stop sustainability-focused platform
The bank will also launch an autonomous carbon calculator service under LiveBetter.
Citi names global head of D10X under institutional clients group
The D10X focuses on the development of new solutions for Citi's institutional clients.
FSI Conference 2021 features discourse on digital transformation in the banking and finance industry and an exclusive presentation from Bain & Company
This two-hour digital conference will happen on 1 December 2021.
Hitachi Vantara spearheads virtual roundtable in modern DataOps
Hitachi’s Chief Solution Architect Seng Joo, Lim will open the first speaking session.
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1. UOB maintains profitability despite possible slower loan growth 2. Sea rebrands digital finance business SeaMoney to Monee 3. Japan’s SMBC is buying a 20% stake in India’s Yes Bank 4. Vietnam’s finance sector faces digitalisation challenges despite eased regulation 5. Malaysia’s development banks told to plug lending gap for MSMEsResource Center
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