Secondly, we can see that about 66% of 2016’s income was derived from Singapore while the remaining 34% was from overseas – with Hong Kong accounting for the bulk of overseas income. From the above, we can see that DBS Group generates its income from ... ( read original story ...)
Case Study: Conversational AI Powers DBS digibank’s Virtual Banking Assistant
Singapore’s largest bank, DBS, rolled out India’s first mobile-only bank with just one-fifth of the resources of a traditional bank, leveraging Kasisto’s conversational AI platform, KAI Banking. DBS launched the assistant across channels – from ... ( read original story ...)
Cash management: DBS reaps what it sows
Take PriorityPay. It provides clients in Singapore, Hong Kong, China, Taiwan, India and Indonesia with faster and cheaper fund transfers across the DBS network. The bank extended the cut-off time for telegraphic transfers to speed up processing – both ... ( read original story ...)
Singapore stocks drift lower as lenders drag
Singapore stocks edged lower on Wednesday, dragged lower by financial shares such as DBS Group even as Asian equities trading near decade highs on easing Catalan worries. Asian shares rose while the euro hovered near a 10-day peak after Catalonia's leader ... ( read original story ...)
Singapore Shares May Find Traction On Thursday
(RTTNews.com) - The Singapore stock market has finished lower in consecutive trading days, falling almost a dozen points or 0.3 percent along the way. The Straits Times Index now rests just above the 3,280-point plateau although it may stop the bleeding on ... ( read original story ...)
80% of Singapore’s finance professionals not ready for future – study
A study conducted by CPA Australia showed that eight out of 10 Singapore-based finance professionals do not have enough skills to make them relevant in the next decade. The study, which was conducted in partnership with EY, also found that six out of 10 ... ( read original story ...)
Ayondo Targets IPO At Singapore Exchange
Financial technology group ayondo remains on track to be the first FinTech company to be listed in Singapore. It will seek a listing through an Initial Public Offering (IPO) instead of the Reverse Takeover (RTO) as announced in mid-2016. The RTO was ... ( read original story ...)
Ayondo Pursues IPO After Reverse Takeover Deal Lapses
Here’s a quick update on our report a few weeks back that social trading company ayondo would not be undergoing a reverse takeover (RTO) IPO due to a lapsed bid from Singapore-based property developer, Starland Holdings. Today, ayondo has announced that ... ( read original story ...)
Indonesia to probe Standard Chartered client transfer
It comes as European and Asian regulators probe Standard Chartered over the role staff may have played in transferring the client assets from Guernsey to Singapore before new tax transparency rules were introduced, people with knowledge of the probes have ... ( read original story ...)
Good guy sees more than $1k in cash left at a POSB ATM, returns money to the bank
The next day, he returned everything to POSB’s Marsiling branch, reported Channel NewsAsia. Heryasin, an infocommunications specialist at the Inland Revenue Authority of Singapore, revealed that the bank subsequently called to update him when the money ... ( read original story ...)
HSBC tops Asiamoney’s New Silk Road Finance Awards
part of the Kunming-Singapore Rail Link, was also awarded Best Overall Project/Initiative for BRI. HSBC was mandated as the principal bank to the project, providing comprehensive trade finance, cash management and foreign exchange services. Peter Wong ... ( read original story ...)
SATS Ltd’s Stock Price Is Near A 52-Week Low Now: Is The Stock Cheap?
(The higher the yield is, the lower a stock’s valued.) In sum, we can argue that SATS is currently priced at a steep premium to the market given its significantly ... Motley Fool Singapore contributor Lawrence Nga doesn’t own shares in any companies ... ( read original story ...)
Renewed Support Tipped For Singapore Shares
(RTTNews.com) - The Singapore stock market on Tuesday ended the three-day winning streak in which it had gathered almost 55 points or 1.6 percent. The Straits Times Index now rests just beneath the 3,290-point plateau although it may bounce higher again on ... ( read original story ...)
China to Flex Market Muscles in First Dollar Bond Since 2004
Singapore-based head of credit strategy at Australia & New Zealand Banking Group Ltd. "Initially the market will price at a discount to intra-regional peers such as Korea." While both Moody’s and S&P flagged concerns over China’s continuing buildup of ... ( read original story ...)
Impending elections keep stock market investors on the sideline
Wellington Management Singapore investment director Andrew Sharp-Paul said the markets are restless because of the changes in the role of central banks as active participants in the asset markets. “One of the key drivers of uncertainties in the market ... ( read original story ...)
If October Is A Smooth Ride, Enter The Market With Courage!
The US stock market performance in October has been not bad However ... China’s market outlook after the 19th National Congress of the Communist Party of China The Singapore property sector outlook Which stocks to consider and which stocks to avoid? ( read original story ...)