Financial Services
MAS strengthens vigilance against money laundering and terrorism financing
MAS strengthens vigilance against money laundering and terrorism financing
They upgraded their data analytics usage for better identification of high-risk areas.
OCBC launches website for mums
It includes specialist paediatric or gynaecological services and baby and motherhood products.
UOB teams up with Razer to launch Razer Pay
The scheme will allow users to top up through eNets and to transfer funds via FAST.
7 in 10 Indonesian banks threatened by ride-hailing firm Go-Jek
The app’s wide payment capabilities poses a risk to conventional banks.
Lending crunch fails to cripple Japan's mega banks as they join world's largest 20 lenders
MUFG is the ninth largest bank globally with a tier 1 capital of $153.04b.
China dominates world's largest banks even as Europe flexes financial muscle
Chinese lenders held the top four places in overall ranking based on Tier 1 capital.
Has tight oversight weighed down Singapore's dealmaking activity?
A total of 66 mergers have been lodged with the Competition Commission of Singapore as of end-June.
SIBOR to buoy banks from slow home loan growth
Every 10bps rise in the SIBOR could offset a 1ppt slowdown in loan growth.
New misconduct reporting measures put heat on Singapore FIs
MAS proposed new misconduct reporting requirements and mandatory reference checks for FIs.
DBS less likely to suffer slower loan growth from housing curbs
It has granted fewer housing loans compared to OCBC and UOB.
Half of SMEs asked small accountants' help in importing
This helped them realise trading opportunities from free trade agreements, a study said.
Over 150 Changi Airport outlets to use WeChat Pay
The launch of the e-payments platform targets the airport’s Chinese passengers.
Singapore banks to gain from property cooling measures: Moody's
It can reduce future price shocks and mortgage loan losses, according to the ratings agency.
MAS seeks to require fund managers to report misconduct
It also proposed amendments to how financial institutions should report misconduct.
Mastercard and Commercial Affairs Department launch card fraud detector
Mastercard donated 10 pieces of the reader to the department.
Property cooling measures slow banks' loan growth
UOB could be hit the hardest as 27.6% of its total loans are home loans.
Property cooling measures could threaten banks' loan growth
The cooling measures may likely strike UOB as it is the most exposed to property-related lending.
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