Financial Services
Singapore-based US banks beef up cybersecurity roles
Singapore-based US banks beef up cybersecurity roles
JP Morgan, Citi and BAML are more vulnerable to threats than homegrown lenders.
MAS and IMDA unveil global solutions hub to foster SME digitisation
Business sans Borders will provide digital services and connections to SMEs to boost local and global trade.
Razer Pay to debut at NETS POS terminals in 2019
Singapore users will be able to pay their bills, purchase movie or concert tickets and access gaming codes.
Grab and UOB form digital payments service alliance
Customers can pay and top up their GrabPay wallets directly from their UOB bank accounts.
DBS and Go-Jek tie up to work on payment services
The collaboration will extend to other SEA countries.
Chart of the Day: Singapore bank NIMs set to widen to 1.98% in 2020
However, this is still lower than the 2008 average.
MAS and SGX unfold blockchain technology for tokenised assets
It will simplify post-trade processes and shorten settlement cycles.
Singapore bank loan growth to slow to 3% in 2019
Trade tensions and higher interest rates will dampen borrowing.
Daily Briefing: Fintech startup Fundnel gets green light from Malaysia; Temasek joins $205m funding for Brazilian VC fund
And vegan consumer platform abillionVeg raises $700,000 from eight investors.
Singaporeans are less satisfied with their credit cards in 2018
Overall satisfaction levels fell by 9 points to 718.
Daily Briefing: Singapore chips in for Asia's superapp charge; Staff costs in DBS slipped 1.5% in September
And cross-border payments startup Wallex secures remittance licence from MAS.
UOB opens new headquarters in Shanghai
UOB Plaza is the first office building owned by a foreign bank in the Lujiazui Financial District.
Daily Briefing: OCBC's 4.5% salary hike extends losing streak to UOB and DBS; PM Lee refutes Singapore as post-Brexit model for UK
And US-based MassMutual Ventures opens its Singapore office.
Singapore bond issuances by Chinese issuers hit $17.88b in 2017
A MAS official thinks that SGX can explore how it can work with Chinese counterparts to support BRI financing.
DBS downplays trade jitters as Q3 results shine
Its chief executive stressed that supply chains are hard to move.
Chart of the Day: Take a look at the NIMs of Singapore's big three banks
Their combined income hit $24.2b in September.
Maybank transfers community financial services business to Singapore subsidiary
As a result, 1,850 employees will be transferred from the branch to the subsidiary.
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