OCBC has become the first bank in Singapore to enable Face ID facial recognition technology for customers to make payments or view their bank account, credit card and investment information. OCBC has rolled out the enhancement to its consumer and business ... ( read original story ...)
DBS’s Overflowing Kitchen Sink
He has also worked for the Straits Times, ET NOW and Bloomberg News. If tropical Singapore had seasons, what its biggest bank just did would qualify as spring cleaning. DBS Group Holdings Ltd. is finally taking the broom to its exposure to troubled ... ( read original story ...)
DBS Q3 profit in surprise slide to five-year low on oil and gas provisions
SINGAPORE (Reuters) - Singapore’s DBS Group Holdings booked an unexpected slide in quarterly profit on Monday, with income falling 23 percent to a five-year low as it nearly doubled provisions for loans to the troubled oil and gas industry. Singapore ... ( read original story ...)
Singapore is losing Indonesian tourists
Tourist arrivals from Mainland China outpaced arrivals from Indonesia. Tourist arrivals from Mainland China to Singapore contributed 18.2% to total visitor arrivals, making the country the largest source market for tourism, JLL revealed. According to its ... ( read original story ...)
Unlock OCBC app with Face ID
It is the first bank in Singapore to launch this service for Apple customers. This service - known as OCBC OneLook - will use Apple's Face ID facial recognition technology to enable payments or the viewing of bank account, credit card and investment ... ( read original story ...)
The Week Ahead: Can DBS Trump OCBC and UOB?
We are about to enter the final stretch of the Singapore earning season. More than a dozen Straits Times Index (SGX: ^STI) are pencilled in for results next week. Airport-services outfit SATS (SGX: S58) recently announced a tie-up with Malaysian-based ... ( read original story ...)
Singapore Stock Market Index FTSE STI To Break Out In 2018?
The stock market index of Singapore, the FTSE STI, seems poised for a multi-year break out, and it could happen as early as the first days of 2018. Let’s take a look into this. Ever since Singapore which is the smallest country in South-East Asia ... ( read original story ...)
Reimagining Banking, DBS Launches World’s Largest Banking API Developer Platform
This has the potential to significantly accelerate the bank’s digital ambition and customer impact. With 155 APIs at launch for Singapore across more than 20 categories such as funds transfers, rewards, PayLah! and real-time payments, the platform will ... ( read original story ...)
Thomas Kupfer: «Singapore Taps Swiss Banking’s History»
Switzerland served as a model for Singapore in the past, but the two have now shifted into a more balanced relationship – especially in the finance industry, Swiss ambassador Thomas Kupfer writes in an exclusive essay for finews.first. finews.first is a ... ( read original story ...)
Singapore Probes Goldman Sachs Executives Over 1MDB
Singapore authorities are probing the dealings of Goldman Sachs with the Malaysian state investment fund commonly known as 1MDB, according to a media report. The bank raised some $6 billion for the fund, meant for development projects. Investigators at ... ( read original story ...)
What Could Cause Market Volatility in the Coming Months?
As most of us know, interest rates and stock market valuations should be inversely related, meaning as interest rates rise, stocks, in theory, should depreciate. In Singapore, interest rates have also risen in the past few years, starting from just 0.25% ... ( read original story ...)
DBS launches largest banking API developer platform
DBS Bank has launched the world’s largest banking application ... It revealed that there are 155 APIs at launch for Singapore across over 20 categories such as rewards, real-time payments, PayLah! and fund transfers. “More categories will be added ... ( read original story ...)
Singapore police examine Goldman’s role in 1MDB deals: Bloomberg
Singapore's economic crime unit and city prosecutors have interviewed current and former Goldman Sachs executives who worked on bond offerings from 1Malaysia Development Bhd, Bloomberg reported. 1MDB, founded by Malaysian Prime Minister Najib Razak ... ( read original story ...)
COMMENT: Singapore’s Brexit fallout bid shows true fighting spirit
It’s also promising the use of distributed ledgers for interbank payments and trade finance. Singapore hopes these innovations will form the bedrock for its many ambitions. The city-state wants to be everything from a capital-raising hub to Asia’s ... ( read original story ...)
DBS Can Be Singapore’s Ant
Forget the lending book. Dismiss the wealth-management aspirations. It's DBS Group Holdings Ltd.'s embrace of technology that could be the next big driver of shareholder returns at Southeast Asia's biggest lender. DBS's announcement Thursday that it now ... ( read original story ...)
UOB hires from DBS (again) for expanding team in Singapore
Alvin Wong has joined as a director in structured finance within UOB’s Singapore-based global financial institutions group (GFIG). The structured finance GFIG team is headed up by Wong’s former DBS colleague Simon Tan, who moved to UOB in July ... ( read original story ...)