a North Korean bank the US put on its sanctions list in 2017 OCN’s headquarters in Singapore However, the two companies denied any wrongdoing to the UN. T Specialist testified that the funds did not come from North Korea but from a company registered in ... ( read original story ...)
Effective engagement is key for banks in Singapore to retain customers, finds survey
SINGAPORE (March 15): Two-fifths (40%) of local retail banking customers in Singapore are ready to stop or cancel their services with a bank on the grounds of poor customer engagement, according to a recent study commissioned by customer experience & call ... ( read original story ...)
Central banks of Lithuania, Singapore to cooperate in fintech
The central banks of Lithuania and Singapore have signed an agreement on cooperation in the field of financial technologies, known as fintech, reports LETA/BNS. Photo: lb.lt The Bank of Lithuania said it had signed the deal with the Singaporean monetary ... ( read original story ...)
Singapore Shipping Association: Cash raising exercise
However, for Esben Poulsson there’s no time to celebrate, it’s more important to bolster some weaker parts of Singapore’s maritime jigsaw. The area the SSA president wants to boost the most is in finance. Going forward, Poulsson wants to make it as ... ( read original story ...)
DBS Home Loan Review Singapore 2018 – Comparing the Most Affordable Home Loan Rates from DBS
DBS home loan rates are some of the most unique on the market today. They do not offer any SIBOR-linked rates, preferring to focus completely on the DBS Fixed Home Rate, or FHR. This is not surprising since they pioneered the concept of fixed deposit ... ( read original story ...)
Car costs make Singapore world’s priciest city. Again
The eye-watering cost of owning a car in space-starved Singapore means the city state is the world's most expensive place to live, for the fifth year in a row, a survey said Thursday. The Asian financial hub -- where owning a no-frills sedan can set you ... ( read original story ...)
Singapore’s big developers vulnerable to shocks amidst rising debt
In 2007, Singapore developers’ debt was only around 6% of the GDP, whilst in 2016, it has more than doubled to almost 14%. Despite a tightening of macroprudential measures and a slowdown in credit growth, the rise of property prices and debt accompanied ... ( read original story ...)
Singapore Bourse May Take Further Damage On Thursday
(RTTNews.com) - The Singapore stock market on Wednesday halted the four-day wining streak in which it had advanced more than 100 points or 3 percent. The Straits Times Index now rests just shy of the 3,540-point plateau and the losses may accelerate on ... ( read original story ...)
Singapore: President Halimah Yacob gives assent to Budget 2018
Facebook/Halimah Yacob/President's Office Singapore President Halimah Yacob said on on Tuesday ... Advisers)", who attended a detailed briefing on Budget 2018 by Ministry of Finance officials with her earlier this month. The CPA recommended Halimah to ... ( read original story ...)
UOB nabs an HSBC CIO, shifts him to Singapore
Darmawan joined the Republic’s third largest local bank at executive director level earlier this month, relocating from Jakarta to Singapore in the process, according to his public profile. UOB has been among the more aggressive recruiters in the ... ( read original story ...)
DBS Group Holdings Ltd.
The company was founded in 1968 and is headquartered in Singapore. DBS Group Holdings was originally incorporated as The Development Bank of Singapore in 1968. It started as a financing institution for Singaporean companies and urban development projects. ( read original story ...)
OCBC Bank is the First Bank in Singapore to Launch its own Artificial Intelligence Unit
Suppose your car is involved in a minor mishap, and you hold a Great Eastern motor insurance policy bought from OCBC Bank. Would it not be convenient if you could simply send an image of your dented vehicle to your insurer via your mobile phone, and get an ... ( read original story ...)
156 banks in Singapore target inclusive hiring
Also read: Find out which Singapore bank leads in productivity The advisory said banks should proactively assess the likely impact of technological changes on their workforce, and work with the MAS, Institute of Banking and Finance, and Workforce Singapore ... ( read original story ...)
OCBC sets up in-house AI unit with initial injection of S$10m over 3 years
SINGAPORE - OCBC Bank has set up an in-house unit to develop artificial intelligence (AI) capabilities, with an initial investment of S$10 million over three years. AI Lab@TOV, which operates under OCBC's fintech and innovation group, aims to drive the ... ( read original story ...)
Singapore’s OCBC establishes dedicated AI Lab
Singapore's OCBC Bank is to spend $10 million over the next three years to develop inhouse expertise in artificial intelligence with the creation of a dedicated AI division. OCBC launched its first AI-powered chatbot, Emma, in 2016 to respond to customers ... ( read original story ...)
Singapore bank sets up unit to drive in-house AI development
OCBC Bank has set up a new unit dedicated to developing and integrating artificial intelligence (AI) capabilities into its products and services. The Singapore bank said it was investing an initial amount of S$10 million (US$7.6 million) over three years ... ( read original story ...)