Financial Services
MAS collaborates with three agencies to accelerate AI adoption in finance
MAS collaborates with three agencies to accelerate AI adoption in finance
The regulatory body has partnered with the EDB, IMDA and IBF.
MAS urges caution amidst intensified phishing attempts
Some emails claim to come from MAS itself.
OCBC profit up 29% to $1.11b in Q1
Higher income from wealth segment and loan related activities buoyed earnings.
Sluggish approval rates dampen loan growth in Malaysia
Loan approvals on a 3M MA basis fell from 12.6% to 5% in March.
Growing property exposure pose risks to Philippine banks
CAGR of real estate loans stand at 22% from 2012-2017 versus overall loan growth at 17%.
India's private banks profit from demonetisation drive
The country’s ultra wealthy are shunning property and gold and turning to equity and debt investments.
Chinese banks' assets plunge to single digits in 2017 as loans take over
Intense shadow banking crackdown has reinvigorated on-balance-sheet activity.
Daily Briefing: Temasek eyes stake in Indian digital payments startup; LTA to accept license applications from bike-sharing operators
And another Singapore-based blockchain network has breached the US$1b market cap.
Can tighter oversight rein in risks in Singapore's booming invoice finance market?
The industry’s unregulated nature renders investors vulnerable as revealed by a massive S$6.9m fraud case.
Great Eastern Holdings Q1 profits surged 68% to $152.9m
It attributed the growth to higher profit from its Singapore insurance business.
MAS imposes 4-year prohibition order on ex-Credit Suisse rep
Lim Fang Wee hid the identity of the owner of 3 accounts from the bank.
UOB profits jumped 21% to $978m in Q1
Its record high earnings were boosted by higher incomes from interest and fees and commissions.
MAS requires over-the-counter derivatives trades to be centrally cleared
Banks with $20b OTC derivatives will be required to clear their trades through regulated counterparties.
Can Indian banks weather the last wave of bad loan resolution?
Profitability is set to suffer but cleaner balance sheets will produce benefits in the long-run.
Emerging Asia is leading the global corporate banking charge
CAGR from 2009 to 2016 clocked in at 12%.
Singapore bank lending up 5.4% in March
Thanks to sustained demand for home and corporate loans.
Marvelstone opens Smart City Innovation Lab in Singapore CBD
The facility will focus on fintech, blockchain, and AI for 20,000 startups and institutions.