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MAS, Bank Indonesia extends bilateral financial arrangement
MAS, Bank Indonesia extends bilateral financial arrangement
Both leaders of Singapore and Indonesia endorsed the arrangement.
OCBC net profit up 31% YoY to S$1.6b in Q3 2022
The company’s net interest income grew by 44% YoY.
Maybank names new Maybank IBG CEO
Michael Oh-Lau Chong Jin’s appointment will be effective on 1 December 2022.
Hang Seng warns customers about phishing emails
Recent phishing emails uses info@unima.com as an address.
MAS launches Ubin+ to study cross-border FX settlement using CBDCs
It will study business models and create policy guidelines.
4 factors intensifying the talent gap in the FinTech sector
A report revealed that demand for talent in the FinTech sector is still outpacing supply.
Citi launches 1st Citi Global Wealth Centre globally in Hong Kong
It is located at K11 Atelier Victoria Dockside.
DBS Group’s net profit jumps 32% YoY to $2.24b in Q3
Its total income grew 28% to $4.54b.
CIMB Singapore increases fixed deposit rate up to 3.90%
This is the highest as of 31 October.
Singapore launches digital banker’s guarantee, insurance bond
The eGuarantee@Gov is available from over 20 financial institutions locally.
MAS commits $150m for third round of fintech funding scheme
This commitment will last for three years.
SG, China deepen cooperation in green finance, capital markets
They will work on three initiatives.
5 ways a financial institution can shield itself from cyber attacks
MAS warned that the cyber threat landscape has been increasingly hostile.
MAS to test purpose-bound digital SGD
This can be used in government and commercial vouchers, amongst others.
Bank of China HK joins pilot programme to trial use of digital currencies
BOCHK has completed real-value cross border trade of central bank digital currencies.
BDO Unibank soars at the Asian Banking and Finance Awards 2022
Its commitment to empowering clients and enhancing their wealth amidst uncertainties has become evident with its recent innovations.
UOB’s net profit soars 34% YoY in Q3
The increase was driven by strong net interest income amongst others.
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He highlights the importance of cultural context, workforce mobilisation, and data-driven strategies in financial sector innovation.
