Digital banking

2 new DWBs offer ‘incremental income’ to SGX-listed Credit Bureau

Digital wholesale banking businesses raise the count of bureau members to 36.

2 new DWBs offer ‘incremental income’ to SGX-listed Credit Bureau

Digital wholesale banking businesses raise the count of bureau members to 36.

MAS unveils new measures against digital banking scams

Default transaction limit for online fund transfers must be set to S$5,000 or lower.

Grab and Singtel consortium bags Malaysia digital banking licence

The Malaysian digital bank will be led by Pei Si Lai.

Singapore launches new measures to bolster digital banking security

Banks are asked to remove links in emails and SMS sent to customers.

Singapore's virtual bank account ownership to soar 30% by 2026

The figure is equivalent to 1,510,495 adults in Singapore.

Virtual banking trumps branch banking amongst Singaporeans: study

But less than half of SEA respondents are excited by the digital services currented offered.

Secret Sauce for the Banking Industry

According to Singapore’s largest bank DBS, the volume of cash deposits and withdrawals fell by an unprecedented 11% in the first 3 months of 2020, a 6% fall from where the figure had been since 2017. Coupled with extraordinary growth in the adoption of e-payments, it’s safe to say that COVID-19 has altered consumer behaviour—and fast. 

Grab-Singtel, iFAST apply for Malaysian digital bank license

Bank Negara Malaysia is expected to issue up to five licenses by Q1 2022.

Seven in 10 Singaporeans unsatisfied with generic bank credit offers: study

Almost four-fifths (76%) of Singaporean consumers are not satisfied with generic credit offers from their banks, with 24% willing to offer more information in exchange for better rates or lower fees, a FICO study revealed.