The now famous Hong Kong virtual banking licenses have been a bit of a mixed bag for the region, but nevertheless, it’s gotten a lot of attention. To date, four licensees will be ready to go to market ... ( read original story ...)
Virtual banks cannot rely on one-size-fits-all model in Singapore: OCBC CEO
SINGAPORE - Fintechs seeking inroads here as a "digital-only bank" cannot operate on a one-size-fits-all basis if they are to compete in a well-banked environment in Singapore, OCBC's group chief ... ( read original story ...)
UOB launches online utility marketplace to help customers save on bills
The UOB Utility Marketplace is Singapore’s first online utility marketplace provided by a bank, UOB said in a press release on Monday, May 6. Customers can search and to sign up for the best deals for ... ( read original story ...)
UOB creates Singapore’s first online utility marketplace
United Overseas Bank (UOB) has launched Singapore’s first online utility marketplace provided by a bank. The UOB Utility Marketplace will allow customers to search and sign up for the best deals for ... ( read original story ...)
Singapore Studying Whether to Allow Digital-Only Banks
the Monetary Authority of Singapore said Tuesday. “MAS is studying whether to admit such digital-only banks with non-bank parentage,” the financial regulator said in an emailed reply to questions from ... ( read original story ...)
Why I continue to save with the Boosted DBS Multiplier
In 2015, MAS decide to package our AAA rated Singapore Government Bonds into a Singapore Savings ... You can credit into any DBS/POSB account and they will be able to track it. A pro tip: Under your ... ( read original story ...)
Investing in Asia – Malaysia: The World’s Worst Stock Market?
Singapore is only 720 square kilometers ... “The World’s Worst Major Stock Market is Really, Really Boring.” I never realized that investing was supposed to be exciting. I always thought that ... ( read original story ...)
UOB valuations & yield still deemed attractive after share price run-up
SINGAPORE (May 6): Jefferies, DBS Vickers Securities and RHB Research are maintaining their “buy” calls on United Overseas Bank (UOB) with the respective price targets of $31, $29.20 and $30.80 ... ( read original story ...)
Singapore May Allow Virtual Banks After Hong Kong Move, DBS Says
Singapore could follow Hong Kong in handing out virtual banking licenses, according to the head of the largest local lender, in a move that would create another source of competition for the city ... ( read original story ...)
UOB cautious about outlook as loan margins shrink
Net profit for UOB, the smallest of Singapore's three banking groups, rose 8% to 1.05 billion Singapore dollars ($770.4 million) in the first quarter ended March. The results were slightly better ... ( read original story ...)
Singapore, Canada complete blockchain trial for cross-border payments
The Monetary Authority of Singapore (MAS) and Bank of Canada have completed "a successful experiment" on cross-border payments using central bank digital currencies, tapping distributed ledger ... ( read original story ...)
HSBC is cutting jobs in Asia. Here’s how to beat the axe
But this doesn’t mean that joining HSBC in Hong Kong or Singapore will give you an unusually secure job – far from it. Speaking earlier today, HSBC CFO Ewen Stephenson said Asian economies had ... ( read original story ...)
OCBC says account balances not affected after some customers receive multiple SMS alerts on duplicate transaction records
SINGAPORE - A few hundred OCBC Bank customers received multiple SMS alerts and noticed duplicate transaction records on their Internet and mobile banking devices on Thursday night (May 2). This ... ( read original story ...)
Bank officer admits to taking more than $200k from elderly customers’ accounts
Liaw went on to work for Standard Chartered Bank Singapore (SCB) from June 2014 to May 2015. He continued to act as Mr Chin's relationship manager and asked him to transfer all his money to SCB, which ... ( read original story ...)
DBS enhances customer service touchpoints
The live chat and chatbot function has also been built into the DBS and POSB website and mobile app which can answer simple questions like checking account balance and credit card bill dues for the ... ( read original story ...)
Singapore and Canada Central Banks Complete First Cross-Border Blockchain Payment
As part of the distributed ledger technology (DLT) projects being pursued by both banks, the Monetary Authority of Singapore (BAS) sent funds to the Bank of Canada (BoC) without a third party. ( read original story ...)