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Tag: banking

Posted on 30/07/2026

MAS reports net profit of S$20 billion driven by strong investment gains

The central bank's managing director said global financial conditions have been benign so far, but a "major uncertainty" is the sustainability of the artificial intelligence investment boom.

Posted on 30/07/2026

EGP Energy shares close 21.6% above IPO price on trading debut

EGP Energy is the fourth company to list on the SGX mainboard in 2026 Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 30/07/2026

SGX-Nasdaq Dual Listing Framework Signals New Phase in Singapore’s Global Ambitions

Singapore’s new dual-listing agreement with Nasdaq is a landmark in how the city‑state courts companies and looks to spruce up its IPO market, but lawyers say a limited issuer pool means a big-bang ...

Posted on 30/07/2026

OCBC introduces HELIOS to quicken onboarding of wealthy customers to 15 days

Loretta Yuen left, and Jason Moo, CEO, Bank of Singapore, right, introducing HELIOS to help RMs onboard customers in 15 days Photo credit OCBC ...

Posted on 29/07/2026

OCBC seeks to accelerate wealth client onboarding with agentic AI

By Rae Wee and Yantoultra Ngui SINGAPORE, July 29 (Reuters) - Bank of Singapore, the private banking arm of Overseas-Chinese Banking Corp, has begun rolling out an agentic AI platform that will cut ...

Posted on 29/07/2026

OCBC seeks to speed up wealth client onboarding with agentic AI

SINGAPORE, July 29 (Reuters) - Bank of Singapore, the private banking arm of Oversea-Chinese Banking Corp, has begun rolling out an agentic AI platform that will cut new account opening times for ...

Posted on 29/07/2026

OCBC Deploys Agentic AI to Speed Up Wealth Client Onboarding

OCBC is using agentic AI to cut private banking account opening times to 15 business days while streamlining KYC checks.

Posted on 29/07/2026

OCBC to use agentic AI to cut wealth onboarding time to 15 business days

The Helios platform will move the due diligence process before the relationship manager meets a prospective customer Read more at The Business Times.

Posted on 29/07/2026

EGP Energy marks stock market debut with energising pop

EGP Energy Corporation shares debuted on the Singapore stock market on July 29 at 55 cents, four cents or 8% higher than the offer price.

Posted on 29/07/2026

Singapore growth to hold firm but AI boom a ‘major uncertainty’: central bank

MAS chief says a lengthy boom could lead ‌to inflation, while a pullback in AI investments ‘could sharply weaken global growth’.

Posted on 29/07/2026

Assets under management in Singapore climb 10% to $6.7 trillion in 2025

The growth was mainly driven by traditional investments, according to the Singapore Asset Management Survey 2025. Read more at straitstimes.com. Read more at straitstimes.com.

Posted on 29/07/2026

HSBC to Divest Singapore Insurance Unit to Allianz for $2.09B

HSBC is set to sell its Singapore insurance unit to Allianz for $2.09B, advancing simplification while retaining insurance distribution through a 15-year deal.

Posted on 29/07/2026

Citi expands Asia FX options desk with three senior trader hires in Singapore

HONG KONG, July 28 (Reuters) - Citigroup has appointed three senior traders to its foreign exchange options desk in Singapore as it seeks to boost its regional market-making and risk management ...

Posted on 28/07/2026

HSBC commits to proprietary AI in Singapore as agentic treasury goes mainstream

HSBC AI Centre of Excellence in Singapore, announced July 27, 2026, will build proprietary agentic treasury AI systems using the bank's own transaction data — at a moment when 52% of financial ...

Posted on 28/07/2026

Singapore sets up AI taskforce to bolster financial sector against cyber threats

Singapore's central bank and the banking industry have formed a taskforce to strengthen the financial sector's resilience against increasingly sophisticated cyber threats driven by advances in ...

Posted on 28/07/2026

Singapore’s financial sector grew 4.3% in 2025, created 4,200 jobs over five years

SINGAPORE – Growth in the financial services sector here slowed to 4.3 per cent in 2025, down from 7.3 per cent in 2024. This was broadly in line with the 2021 to 2025 average of 4.6 per cent, despite ...

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