DBS has launched a new service that allows SMEs to apply for a Letter of Credit (LC) online within five minutes and have it issued within two business days. A first in Singapore, the service makes it simpler and faster for SMEs to apply for trade finance ... ( read original story ...)
Singapore bank offers online chat banking
Singapore bank POSB has launched online chat functionality that understands and reacts to its customers’ spoken language. It is the latest bank to harness artificial intelligence (AI) to automate customer interactions with the POSB digibank Virtual ... ( read original story ...)
Singapore and Indonesia stand out for IT spend in Apac banking sector
Singapore’s banking and securities industry will have the highest growth in IT spend among developed economies in Asia-Pacific in 2017, while Indonesia will have the highest overall growth rate in the region, according to research. By submitting your ... ( read original story ...)
SCB said to be seeking bids for insurance arm
SINGAPORE - Siam Commercial Bank Plc (SCB) has begun to formally seek bids for its life insurance business in a sale that could raise about 106 billion baht ($3 billion) for the country's third-biggest lender, said people with knowledge of the process. ( read original story ...)
Citi moves goalposts on retail banking monthly fees
CITIBANK Singapore has tripled the amount of money that its mass retail clients have to tie to their accounts to avoid incurring a monthly fee, sharpening its focus on the "emerging affluent" market. The US bank told customers that it has standardised its ... ( read original story ...)
Win Streak May Continue For Singapore Stocks
The Singapore stock market has moved higher in back-to-back sessions, gathering more than 10 points or 0.3 percent along the way. The Straits Times Index now rests just above the 3,010-point plateau, and the market may extend its gains on Monday. ( read original story ...)
Singapore stocks end up 0.1 percent
But sentiment in the market remained cautious after U.S ... investment guru George Soros that the euphoria among stock investors since Trump’s victory will end as uncertainty takes over. Singapore’s benchmark Straits Times Index inched up 2.86 points ... ( read original story ...)
5 Tips for Expats Moving or Travelling To Singapore with Pets
Fortunately, it is possible to take your pet with you wherever you are going. If you happen to be travelling to or from Singapore, there are several points that you must keep in mind regarding taking your pet with you. Here are some of the things that you ... ( read original story ...)
Chinese New Year Reunion Dinners in Singapore, 2017: Standard Chartered Card Privileges at Restaurants and Hotels in Town
Pull out all the stops this Chinese New Year and wow your family by treating them to a hearty feast from one of these top restos Wining and dining with your loved ones this festive season doesn’t have to be hard on the wallet with Standard Chartered Cards. ( read original story ...)
OCBC: Babies and teenage boys get more hongbao money
Infants of both genders received about $990, but the gap widened as they got older, said OCBC Bank. Boys aged 10 to 12 years old received about $274 more than their female counterparts. National University of Singapore sociologist Tan Ern Ser said gender ... ( read original story ...)
Daily Briefing: Ex-Traders in Singapore Guilty of Cheating Deutsche Bank, HSBC; Hong Kong housing curbs may give Singapore property some relief
And here's everything you need to know in investing stocks in Singapore. Two former currency traders from Deutsche Bank AG and HSBC Holdings Plc were convicted of cheating the banks by making false trades. Former HSBC senior dealer Ivan Chng and ex ... ( read original story ...)
DBS, AXS develop mobile payment for condo fees
With the popularity of online and on-the-go payment options in Singapore, AXS Pay was jointly developed with DBS with the aim to assist SMEs in transforming their mainly cheque and cash-based fee collection to digital e-payment collection over the 3 AXS ... ( read original story ...)
Allianz, Standard Chartered form bancassurance pact in Asia
FRANKFURT German insurer Allianz and Standard Chartered Bank on Thursday announced a 15-year agreement to distribute Allianz’s general insurance products in Hong Kong, Singapore, Malaysia, Indonesia and China. The deal to distribute travel, personal ... ( read original story ...)
Singapore amongst the most expensive cities to relocate to
Basic living cost for a month is at US$2,148.45. If the Movinga's 2017 Relocation Price Index is anything to go by, then Singapore is becoming more and more costly for expats and foreign workers. According to the index, the basic living cost in Singapore ... ( read original story ...)
OCBC NISP launches credit card for affluent customers
"Supported by a strong network of the OCBC Group, we hope the Voyage credit card can ease our premier banking customers' transactions across countries' borders." The lender, which is the local arm of Singapore-based OCBC Bank, will target more than 20,000 ... ( read original story ...)
Singapore Stock Market May Extend Losing Streak
The Singapore stock market has finished lower now in three straight sessions, slipping more than 25 points or 0.8 percent along the way. The Straits Times Index now rests just above the 3,000-point plateau, and the market may take further damage again on ... ( read original story ...)