Financial Services

25 Apr 18
He has been the deputy managing director of OCBC Securities since 15 March 2018.
23 Apr 18
ACU loans grew 14% in February and are now driving overall loan growth.
23 Apr 18
Amidst tighter regulatory pressures, analysts weigh in on whether Asia is still a market worth conquering.
20 Apr 18
Over 200,000 corporate and SME clients will be able to use the service.
20 Apr 18
Rising property loans and household indebtedness may pose problems for banks’ balance sheets soon.
20 Apr 18
MAS supports the initiative to o help arrest the decline in correspondent banking relationships.
19 Apr 18
Banks are set to benefit from rising loans which grew 10%, as well as higher SGD and USD interest rates.
19 Apr 18
Reserve requirement ratio for big commercial banks will be lowered from 17% to 16%.
18 Apr 18
Its Series B funding round was led by Softbank Ventures Korea and Sequoia India.
18 Apr 18
CCB and AIA collaborated to offer blockchain-powered bancassurance products.
18 Apr 18
Approximately 55-80% of customers are considering opening an account in a digital-only bank.
18 Apr 18
The region has attracted more fintech investments than North America and Europe.
18 Apr 18
Mobile banking has grown at least twofold in Emerging Asia to outpace other e-banking types.
16 Apr 18
Property owners and developers are the initial target clientele.
16 Apr 18
The joint venture will have a capital of up to $10m.
16 Apr 18
Only one in ten believe that financial advisers always put their clients first.
13 Apr 18
The world’s high net worth individuals are increasingly turning to Asia.
13 Apr 18
The technological evolution unfolding before us is nothing short of extraordinary.
13 Apr 18
The central bank is taking a more organic approach, enabling banks to share data on their own.
12 Apr 18
Users can send money to Australia, Hong Kong, India, Indonesia, Malaysia, Philippines, the UK, and the US.
12 Apr 18
Almost half believe non-banks provide better assistance than traditional banks.
11 Apr 18
In Indonesia alone, UOB and OCBC have 4.9% and 3.7% NPL exposure.
10 Apr 18
Gold and forex reserves expanded 3.8% to $373.78b.
10 Apr 18
But Budget 2018 changes could make compliance harder.
9 Apr 18
For DBS, OCBC, and UOB, nonperforming loan (NPL) ratios tied to the construction sector were 0.2%-0.8% at year-end 2017.
9 Apr 18
There are now nine banks using the service.
6 Apr 18
This followed the discontinuation of its Fintech Hub just this March.
6 Apr 18
Users can now pay for recurring cash expenses like taxes and rent via credit card.
6 Apr 18
Their combined token sales proceeds hit US$381.42m in 2017.
5 Apr 18
New tax framework outlined in Singapore Budget 2018 next step in enhancing country’s position as a fund management and domiciliation hub....
5 Apr 18
DBS stays ahead of the pack as it has grown and nurtured its digital team since 2009.
5 Apr 18
Fixed deposit rates from Singapore banks rose concurrently by 17-30 bps.
4 Apr 18
It replaced UBS, which was the general counterparty in its 2015 launch.
3 Apr 18
Buffers for bail-ins only comprise 1%-2% of Singapore banks’ assets.
3 Apr 18
And here's why Singapore's prime minister and his siblings are torn over a house.
2 Apr 18
It cited two bond issues in 2018 that were oversubscribed for over $171m.
2 Apr 18
The guide is targeted for completion by the end of 2018.