In this year’s National Day message, PM Lee pushed for Singapore to become a cashless society, in line with the government’s Smart Nation ambitions. You’d have thought he’d called for NS to be extended to three years judging by the backlash this ... ( read original story ...)
A Lowball Singapore Takeover
It wouldn't be the first time that the Singapore bank has faced accusations of offloading pieces of Lee's legacy for less than their value. In 2012, OCBC and a subsidiary sold its stake in Fraser & Neave Ltd., setting off an intense battle for the ... ( read original story ...)
A UOB director has joined this expanding bank in Singapore
A senior Singapore trader has called it a day at UOB after nine years. http://news.efinancialcareers.com/sg-en/294652/uob-hire-google-apple/ Senior UOB interest rates trader Lawrence Lee has joined Taiwan’s CTBC Bank in Singapore as a director. ( read original story ...)
OCBC Keyboard lets customers make P2P payments without leaving messaging apps
Singapore's OCBC Bank has launched an Android keyboard that enables customers to make peer-to-peer payments from within any app or mobile browser. Once they have downloaded and set up the keyboard app, customers can tap on the OCBC Pay Anyone icon from ... ( read original story ...)
POSB rolls out wearable smartwatch tech to 6000 primary school children
The POSB Smart Buddy programme is fully subsidised by POSB. (See Appendix for further details) Said Jeremy Soo, Managing Director and Head of Consumer Banking Group (Singapore), DBS Bank: “We believe that POSB Smart Buddy represents a paradigm shift for ... ( read original story ...)
HSBC and UOB joins DBS and BOC to offer 3 Years Fixed Rate Mortgage Packages
Last week, HSBC and UOB joins DBS and Bank of China (BOC) to offer 3 Years Fixed Rate Mortgage Packages. The home loan market in Singapore is starting to become receptive to fixed rates mortgage packages again with more choices on offer. 13 Sep 2017 When ... ( read original story ...)
No ATM needed: Standard Chartered partners start-up soCash on 400 cash withdrawal points
SINGAPORE - Standard Chartered Bank has partnered financial technology start-up soCash, which will allow its customers to withdraw cash at over 400 points through the bank's mobile app, SC Mobile. The cash points include merchants such as Buzz, U Star ... ( read original story ...)
Peso to weaken next year – DBS
MANILA, Philippines — DBS Bank Ltd. of Singapore sees the peso weakening further to a range of 52.50 to 53.30 to $1 next year as the Philippines is set to book its first current account (CA) deficit in 15 years this year. In its Economics Markets ... ( read original story ...)
UOB, HSBC lock horns with DBS on a mortgage fight in Singapore
Singapore's biggest banks have commenced competition in the area of mortgage loans, sparked by the offering of lower interest rate for a longer duration to attract a slew of home buyers who are starting to gain interest again in the residential market. ( read original story ...)
Singapore Stock Market Draws Flat Lead For Monday
(RTTNews.com) - The Singapore stock market on Friday ended the two-day slide in which it had given away almost 25 points or 0.7 percent. The Straits Times Index remains just beneath the 3,230-point plateau, and it's likely to remain rangebound again on Monday. ( read original story ...)
Little Movement Seen For Singapore Stock Market
The Singapore stock market has moved lower in two straight sessions, dipping almost 25 points or 0.7 percent along the way. The Straits Times Index now rests just beneath the 3,230-point plateau, although it may find traction on Friday. The global forecast ... ( read original story ...)
Getting kids started on budgeting, saving and coding
But after attending a series of workshops under POSB's new Kidstarter programme, which teaches financial and digital literacy skills to children, the pupil from Gan Eng Seng Primary School has learnt how to budget wisely and spend only on necessities. ( read original story ...)
DBS Bank brings digibank to Indonesia
This includes the ability to make cash withdrawals in Singapore at any DBS and POSB ATM, without any fees. ATM menus for Indonesian clients will be in Bahasa, and customers will also get to enjoy promotions in Singapore with the digibank debit card. ( read original story ...)
DBS Bank launches mobile-only bank
Customers will also benefit from the regional connectivity that DBS offers. This includes the ability to make cash withdrawals in Singapore at any DBS and POSB ATM, without any fees. Piyush Gupta, CEO of DBS, said: “A few years ago, we would not have ... ( read original story ...)
Citi launches Facebook Messenger banking chatbot
Citi joins financial institutions like DBS Bank, which released its POSB digibank Virtual Assistant chatbot on Facebook Messenger in January, and OCBC Bank's Emma chatbot. Citibank Singapore CEO Han Kwee Juan said: "We are integrating ourselves into key ... ( read original story ...)
Move Along Apple Pay, Singaporean Kids Can Soon Pay With Fingerprints
Our partnership with POSB Smart Buddy to demonstrate how the world’s first biometric payment solution can be suitable for school children is an exciting development – it is in line with our Prime Minister’s focus on making Singapore a Smart Nation ... ( read original story ...)