Financial Services

Temasek ditches US bank holdings in Q2
15 Aug 18
It has completed the sell down in Goldman Sachs and Morgan Stanley.
Property curbs and trade war a double whammy for Singapore banks
15 Aug 18
The three largest banks expressed concern over risks from the trade tensions in their Q2 results announcements.
Frasers Property taps DBS to roll out exclusive F&B concierge app
14 Aug 18
The app will allow the firm's tenants and customers to use its cashless payment system.
UOB unveils digital business solutions for SMEs
13 Aug 18
Businesses can soon gain real-time overview of their operations.
New business premiums jumped 20% to $2.02b in H1: LIA
13 Aug 18
There was an uptake in both single and annual premium products.
Aviva Investors launches third fixed income fund
13 Aug 18
It injects derivatives whilst targeting a 3% per annum gross return over cash.
PayNow Corporate goes live
13 Aug 18
Corporate customers of seven participating banks can now use NRIC to transfer funds.
2 in 3 SMEs to embrace cashless payments by 2023
10 Aug 18
They are also shunning the use of cheques.
Chart of the Day: Singapore nabbed Asia's fintech crown from Hong Kong in 2017
9 Aug 18
Total fintech funding hit US$983.6m in 2017 versus Hong Kong's US$596.8m.
Can Singapore crack down on corporate malpractice before another scandal erupts?
8 Aug 18
The Code of Corporate Governance has been amended to beef up director independence and enhance board diversity.
Chart of the Day: How exposed are Singapore banks to mortgages in Q1?
8 Aug 18
DBS gained the largest market share but has least mortgage exposure.
Mastercard, EZ-Link and fintech You Technologies launch multi-currency mobile wallet
7 Aug 18
‘YouTrip’ enables users to pay in over 150 currencies.
Trade jitters could slow bank loan growth to 7% by end-2018
7 Aug 18
DBS' trading income crashed 23% in Q2.
UOB rolls out all-digital suite of services to speed up home buying
7 Aug 18
Services on home loans and bankers will be available in 5 property apps.
UOB unveils subsidiary in Vietnam
7 Aug 18
It's the first Singapore bank to open a foreign-owned Vietnamese unit.
Could banks be the saving grace of Singapore's rattled equities market?
6 Aug 18
The Big 3 have posted a healthy set of results in Q2 despite bleak market conditions.
TurnKey Lender founder Dmitry Voronenko to take part in SBR's Hottest Startups Panel Briefing 2018
6 Aug 18
He will tackle how startups can gain and retain international customers.
SingX founder Atul Garg to grace SBR's Hottest Startups Panel Briefing 2018
6 Aug 18
He will discuss lessons that startups can glean from SingX's growth.
OCBC Q2 profits climbed 16% to $1.21b
6 Aug 18
It was backed by growth in its banking, wealth management, and insurance businesses.
Singapore's wealth makes it a prime target for hackers
3 Aug 18
The 'hyperconnected financial hub' is home to $613b of bank deposits.
UOB unveils plans to launch ASEAN digital bank
3 Aug 18
It will tap on mobile-first and mobile-only customers.
UOB profit up 28% to $1.08b in Q2
3 Aug 18
Earnings were boosted by net interest income which hit $1.54b.
IBF rolls out career centre for financial industry professionals
2 Aug 18
It will offer skills upgrading, career advisory, and job matching services.
DBS profit surges 20% to $1.37b in Q2
2 Aug 18
Strong consumer and non-trade corporate lending offset weak trading income.
MAS slaps 5-year ban on former CIMB vice president
2 Aug 18
Alan Tay Yeow Kee was charged for insider trading.
IMF to gauge resilience of Singapore's financial sector
1 Aug 18
It will delve into macroeconomic scenarios and MAS' fintech and cybersecurity measures.
CIMB targets millenials with new credit card
1 Aug 18
It will encourage 'prudent' spending habits with a $500 cap.
Great Eastern's net profit jumps 21% to $390.5m in H1
1 Aug 18
The operating value from its insurance business rose 12% YoY to $312.3m.
Bank lending up 5.9% to $673b in June
31 Jul 18
Corporate lending drove the monthly loan growth.
UOB rolls out fully automated car loan application process
31 Jul 18
This cuts processing time from three days to 15 minutes.
CPF withdrawals via PayNow hit $40m in 3 months: OCBC
30 Jul 18
Processing for bank deposits can be shortened by 4 days through PayNow.
Fintech startup C88 bags US$28m from Series C funding
30 Jul 18
It operates financial marketplaces in Indonesia and the Philippines.
Is branch banking still relevant as lenders migrate their services online?
30 Jul 18
Overall, there will be lower demand for office space allocated for bank branches, according to an analyst.
OCBC Q2 loan growth to hit 10% as Indonesian and Chinese arms outperform
26 Jul 18
Banking fees are also expected to rise 13.8%.
Singaporeans ditch bank visits to go mobile
25 Jul 18
Mobile banking usage has now overtaken branch visits by 15%.
Vietnamese banks grapple with $9b capital crunch as lending outpaces capital generation
25 Jul 18
Tier 1 Capital ratio could fall from 9.4% to 8% by 2019.
Thai banks weather digital fee waiver after profits climb 21% to $963m in Q2
25 Jul 18
Krung Thai Bank’s net profit more than doubled to $230.08m.
India to close a third of overseas public sector bank branches
25 Jul 18
Around 70 foreign branches may be shuttered by end 2018.
Chinese banking regulator releases long-awaited draft rules for banks' WMPs
25 Jul 18
CBIRC urged banks to manage WMPs based on net value.
MAS warns stolen SingHealth data could be used in bank fraud
25 Jul 18
Financial institutions are discouraged from relying on the stolen information for customer verification.

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    Events Calendar

    Aug 29
    Singapore Business Review's 20 Hottest Startups Panel Briefing 2018
    Meeting Room 310 - 311, Suntec Singapore
    Sep 04
    IP Week @ SG
    Marina Bay Sands Convention Centre, Level 5
    Oct 16
    Accounting & Finance Show Asia 2018
    Suntec Convention Centre, Singapore
    Nov 20
    The Asian Export Awards 2018
    Singapore
    Nov 20
    SBR Made in Singapore and Designed in Singapore Awards 2018
    Conrad Centennial Singapore
    Nov 22
    SBR Management Excellence Awards 2018
    Singapore
    Jun 25
    SBR Asian Business Case Studies Awards 2019
    Singapore