Financial Services
UOB profits up 17% to $1.04b in Q3
UOB profits up 17% to $1.04b in Q3
Net interest income drove earnings up and sharply grew by 14% to $1.6b.
DBS launches chatbot Foodster for online meal ordering
It will allow customers to order food through Facebook Messenger and pay through DBS.
Grab inks prepaid card partnership with Mastercard
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
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
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
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
It inked a memorandum of understanding with Chinese conglomerate Shanghai Qilu.
Temasek's Vertex Ventures invests in crypto exchange Binance
The investment is geared towards the development of a crypto exchange in Singapore.
UOB digitalises all its consumer banking product applications
Opening an account can be finished in less than 15 minutes.
SingPass launches new app for e-services
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
Wealth management income may have already peaked in H1 2018.
Talent crunch hits Singapore's wealth management scene despite hefty bonuses
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.
UOB kicks off eLab in Southeast Asia
It will use behavioural insights to promote better saving and spending habits.
HSBC Singapore appoints Mukhtar Hussain as director and chairman
HSBC Singapore revealed Mukhtar Hussain has been appointed as its director and chairman. He succeeded Guy Harvey-Samuel in the position.
Banks receive boost from regulator's hardline stance against e-wallet lending
Entities would need a banking license first before using deposits to extend loans.
NETS launches PayCollect to ease billing and payment collections
Businesses can now move their entire billing and collections cycle online.
Is Singapore becoming more favorable to crypto players?
MAS said that it will help crypto firms set up local bank accounts, on top of leveraging blockchain adoption.
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