News
Singapore banks, SGTraDex to develop standards for green trade finance digitalisation
Singapore banks, SGTraDex to develop standards for green trade finance digitalisation
UOB, DBS, OCBC, and Standard Chartered are participating in the initiative.
Mastercard sets its sights on SMEs with new BNPL commercial card solution
The Pay & Split provides SMEs with the first-of-its-kind, network-based, open-loop payment solution.
MAS, BSP ink enhanced fintech cooperative agreement
Singapore and Philippines' remittance flows totalled S$2.89b last year.
Regulation, late digitisation challenge Web 3.0 adoption in wholesale banking
Web 3.0 is taking over, but many businesses have yet to move past Web 1.5.
UOB TMRW rolls out feature measuring ASEAN customers’ carbon footprint
It will be generated based on their spending and saving habits.
Singtel’s Dash to allow international digital money transfers
This is made possible through Singtel’s partnership with Western Union.
Mastercard launches cryptocurrency-linked payment cards
Users will be able to convert crypto into traditional fiat money.
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.
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