Financial Services

Daily Briefing: Manpower minister says minimum wage ‘not yet practical'; One in four bank job openings are for tech-related roles
29 Oct 18
And SPH co-leads $4.14m funding for US marketing intelligence platform.
Citi debuts virtual remote engagement feature for wealth management clients
26 Oct 18
It is currently available on Citibank Online.
Grab's prepaid cards goes up against payment giants Tencent and Alibaba
26 Oct 18
But its link with MasterCard would be its boon in the field, analysts said.
UOB profits up 17% to $1.04b in Q3
26 Oct 18
Net interest income drove earnings up and sharply grew by 14% to $1.6b.
DBS launches chatbot Foodster for online meal ordering
26 Oct 18
It will allow customers to order food through Facebook Messenger and pay through DBS.
Grab inks prepaid card partnership with Mastercard
25 Oct 18
Customers can transact and top up their prepaid cards through any drivers and merchants.
NTUC Income's Droplet to cover 60% of Grab fares when it rains
25 Oct 18
It aims to protect Grab users from unpredictable surge pricing on rainy days.
Banks fall from grace as lending and non-interest income take blow
23 Oct 18
The volatile stock markets may bring about as much as 15% decline in non-interest income for DBS and OCBC.
Dairy Farm and NETS to enable Chinese e-payment service WeChat Pay
23 Oct 18
The service will be available from 1 November at 7-Eleven, Guardian, Cold Storage and Giant.
UOB to support Shandong-based firms' Southeast Asian expansion with $600m funding
23 Oct 18
It inked a memorandum of understanding with Chinese conglomerate Shanghai Qilu.
Temasek's Vertex Ventures invests in crypto exchange Binance
23 Oct 18
The investment is geared towards the development of a crypto exchange in Singapore.
UOB digitalises all its consumer banking product applications
22 Oct 18
Opening an account can be finished in less than 15 minutes.
SingPass launches new app for e-services
22 Oct 18
Users can now log in using their fingerprint, facial recognition or a six digit passcode.
Banks turn to loans to boost earnings as wealth income weakens
22 Oct 18
Wealth management income may have already peaked in H1 2018.
Talent crunch hits Singapore's wealth management scene despite hefty bonuses
22 Oct 18
There is still a lot of work to do in order to run after 1,400 individuals in the Lion City with net worths above $69m.
Singapore clinches ninth spot in highest average wealth per adult: Credit Suisse
18 Oct 18
It hit $390,280, thanks to high savings and asset price increases.
UOB kicks off eLab in Southeast Asia
18 Oct 18
It will use behavioural insights to promote better saving and spending habits.
HSBC Singapore appoints Mukhtar Hussain as director and chairman
17 Oct 18
HSBC Singapore revealed  Mukhtar Hussain has been appointed as its director and chairman.
Banks receive boost from regulator's hardline stance against e-wallet lending
17 Oct 18
Entities would need a banking license first before using deposits to extend loans.
NETS launches PayCollect to ease billing and payment collections
16 Oct 18
Businesses can now move their entire billing and collections cycle online.
Is Singapore becoming more favorable to crypto players?
16 Oct 18
MAS said that it will help crypto firms set up local bank accounts, on top of leveraging blockchain adoption.
Singapore could lure global wealth with passage of new VCC Bill
15 Oct 18
It aims to shun inconvenient rules which plague investment funds.
Banks to sustain NIM expansion despite MAS tightening: analyst
15 Oct 18
It will be backed by the sequential rise in SIBOR and the FFR hikes.
Singapore and Indonesia ink deal to boost fintech talent
11 Oct 18
Temasek Foundation International will use $523,000 for the cross-border academic learning programme.
Malaysian bank loan growth may further soar in Q4
10 Oct 18
Loan growth in August went up to 5.4%, the highest it reached in 2018.
China further eases reserve ratio by 100 bps
9 Oct 18
It could help boost GDP growth amidst the escalating trade tensions.
Daily Briefing: Temasek joins US$166m funding round for MMA firm; VC firm Monk's Hill eyes $207.6m in second fundraising
8 Oct 18
And here’s a new crypto-exchange which allows conversion of SGD, MYR, and INR.
MAS releases new guidelines on robo-advisory
8 Oct 18
It focuses on refinements in the licencing and business conduct requirements under the Securities and Futures Act (SFA) and Financial Advisers Act...
Online hiring in banking and finance surged 23% in August
8 Oct 18
Finance and account field talents saw their demand rising up by 7%.
Daily Briefing: Banks step up hiring of priority bankers; Good class bungalow sold for $93.9m
8 Oct 18
And here’s what Punggol residents can look forward to in the upcoming Punggol Town Hub.
MAS warns on phishing emails
7 Oct 18
Some recipients were asked to provide bank account details and transaction fees.
Maybank gets nod for CFS business in Singapore
6 Oct 18
It will operate as a subsidiary of Maybank Group with Asian Currency Unit in Singapore.
Singapore banks fare better than Indonesian lenders amidst rate hikes
5 Oct 18
Every 25bp hike that re-prices loan book translates into an earnings boost.
Chart of the Day: 98% of Singaporeans have a bank account
5 Oct 18
Its rate still lags behind Japan and Israel.
Price slump in Australian homes could hurt economy
4 Oct 18
Household consumption could suffer amidst stricter lending standards.
CapitaLand bags $300m sustainability loan
4 Oct 18
It can be used for general corporate purposes and not just for specific projects.
Has Singapore's insolvency bill come a little too late for Hyflux?
3 Oct 18
It gives cash-strapped companies greater opportunity to restructure.
Singtel rolls out QR code cross-border mobile payment in Thailand
3 Oct 18
They eye to expand the service in India, the Philippines, and Indonesia.
OCBC enables instant SME account opening
3 Oct 18
It tapped data repository MyInfo.
Thai banks put up fight against telcos in e-wallet war
3 Oct 18
Lenders will snap up half of the market in the next four years.

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