This has the potential to significantly accelerate the bank’s digital ambition and customer impact. With 155 APIs at launch for Singapore across more than 20 categories such as funds transfers, rewards, PayLah! and real-time payments, the platform will ... ( read original story ...)
Thomas Kupfer: «Singapore Taps Swiss Banking’s History»
Switzerland served as a model for Singapore in the past, but the two have now shifted into a more balanced relationship – especially in the finance industry, Swiss ambassador Thomas Kupfer writes in an exclusive essay for finews.first. finews.first is a ... ( read original story ...)
Singapore Probes Goldman Sachs Executives Over 1MDB
Singapore authorities are probing the dealings of Goldman Sachs with the Malaysian state investment fund commonly known as 1MDB, according to a media report. The bank raised some $6 billion for the fund, meant for development projects. Investigators at ... ( read original story ...)
What Could Cause Market Volatility in the Coming Months?
As most of us know, interest rates and stock market valuations should be inversely related, meaning as interest rates rise, stocks, in theory, should depreciate. In Singapore, interest rates have also risen in the past few years, starting from just 0.25% ... ( read original story ...)
DBS launches largest banking API developer platform
DBS Bank has launched the world’s largest banking application ... It revealed that there are 155 APIs at launch for Singapore across over 20 categories such as rewards, real-time payments, PayLah! and fund transfers. “More categories will be added ... ( read original story ...)
Singapore police examine Goldman’s role in 1MDB deals: Bloomberg
Singapore's economic crime unit and city prosecutors have interviewed current and former Goldman Sachs executives who worked on bond offerings from 1Malaysia Development Bhd, Bloomberg reported. 1MDB, founded by Malaysian Prime Minister Najib Razak ... ( read original story ...)
COMMENT: Singapore’s Brexit fallout bid shows true fighting spirit
It’s also promising the use of distributed ledgers for interbank payments and trade finance. Singapore hopes these innovations will form the bedrock for its many ambitions. The city-state wants to be everything from a capital-raising hub to Asia’s ... ( read original story ...)
DBS Can Be Singapore’s Ant
Forget the lending book. Dismiss the wealth-management aspirations. It's DBS Group Holdings Ltd.'s embrace of technology that could be the next big driver of shareholder returns at Southeast Asia's biggest lender. DBS's announcement Thursday that it now ... ( read original story ...)
UOB hires from DBS (again) for expanding team in Singapore
Alvin Wong has joined as a director in structured finance within UOB’s Singapore-based global financial institutions group (GFIG). The structured finance GFIG team is headed up by Wong’s former DBS colleague Simon Tan, who moved to UOB in July ... ( read original story ...)
Veteran banker Wee Cho Yaw to retire from UOB board
SINGAPORE — Dr Wee Cho Yaw, 88, chairman emeritus of United Overseas Bank (UOB), will retire from the UOB board and relinquish all his responsibilities there after 60 years with the bank. As part of the changes to the board announced by UOB on Thursday ... ( read original story ...)
DBS launches world’s largest banking API developer platform
SINGAPORE - DBS on Thursday (Nov 2) launched the world's largest banking API (application programming interface) developer platform, boasting of more than 50 successful collaborations to date. The APIs allow other brands, corporates, fintechs and software ... ( read original story ...)
Wee Cho Yaw to retire from UOB board
... Bank veteran Wee cho Yaw - one of the giants of Singapore's financial service indusrtry - is retiring after 60 years with the company. Mr Wee, who who turns 89 in January, will step down from the UOB board at the annual shareholders' meeting in April ... ( read original story ...)
UOB nominates Wong Kan Seng to succeed Hsieh Fu Hua as chairman
SINGAPORE: United Overseas Bank (UOB) announced on Thursday (Nov 2) that former deputy prime minister Wong Kan Seng has been nominated to succeed incumbent independent non-executive chairman Mr Hsieh Fu Hua, 67, who will be retiring next year. Mr Wong ... ( read original story ...)
The Stock Market Creates Billionaires
Jeff Bezos brought Amazon.com to the stock market in 1997, and the company was valued at slightly ... to be personalised investment or financial advice. The Motley Fool Singapore has recommended shares of Amazon.com. ( read original story ...)
10 Biggest Stock Exchanges In The World: Here’s How Much They’ve Gained In 2017
including Singapore’s SGX. Here’s a look at the top 10 stock exchanges in the world and how they’ve fared so far in 2017. At a market capitalisation of over US$30 trillion a nd with over 2,400 companies listed on its board, the NYSE represents nearly ... ( read original story ...)
Asian Markets Mostly Lower as Market Waits Next Fed Leader
SEOUL, South Korea — Asian stock markets were mostly lower on Thursday ... to assess future monetary policy shifts," said Margaret Yang Yan, a market analyst at CMC Markets in Singapore. "Current Fed governor Jerome Power is believed to be the most ... ( read original story ...)