Financial Services

Thai banks weather digital fee waiver after profits climb 21% to $963m in Q2

Krung Thai Bank’s net profit more than doubled to $230.08m.

India to close a third of overseas public sector bank branches

Around 70 foreign branches may be shuttered by end 2018.

MAS warns stolen SingHealth data could be used in bank fraud

Financial institutions are discouraged from relying on the stolen information for customer verification.

Are property marketplace players threatened as DBS comes after their customers?

The bank has small service providers rattled with the launch of its online property marketplace.

MAS slaps former Great Eastern Life rep with 4-year service ban

Chan Seet Fun misappropriated client monies worth $12,900 to pay personal debts.

DBS rolls out online property marketplace

It will aid buyers to assess their 'affordability' range based on their cash flow.

OCBC appoints Melvyn Low as Head of Global Transaction Banking

He was previously ASEAN and Singapore Head of Treasury and Trade Solutions at Citibank N.A.

Former ZALORA Group CEO Michele Ferrario to speak at SBR's Hottest Startups Panel Briefing 2018

He will discuss how startups can unlock capital for their growth requirements.

Incomlend Director to grace SBR's Hottest Startups Panel Briefing 2018

Dimitri Kouchnirenko will discuss how startups can balance cost and profitability.

Bank tellers are out, digital service kiosks are in for OCBC

By 2020, OCBC will cut half of its bank tellers and will replace them with its latest ATMs and digital service kiosks.

Singapore banks turn to China's wealthy to offset slumping stock markets

Some banks are looking to establish family offices to serve Chinese entrepreneurs; as a sizeable proportion will look to transfer their wealth to the...

UOB raises One Account deposit rates by 0.55%

Millennial account holders, with average balances of $34,000, will benefit most.

Wealth management income hit by slumping stock markets

DBS fees from wealth are forecast to fall by 9.4%.

UOB invests in Israel-based fintech firm to develop AI solutions

They will use Personetics' tools to understand customer behaviour and aid them in their financial decisions.

Property curbs will only hit banks hard by 2019

Lenders have one more year of relief amidst previous approvals they drew down.