Financial Services
Here's why Singaporeans' trust in digital services is low
Here's why Singaporeans' trust in digital services is low
Its Digital Trust Index Score was only 2.3 out of 10.
Arab Banking Corporation opens Singapore branch
It upgraded its representative office after winning a license in November.
Second Singapore FinTech Festival kicks off
It's expecting 25,000 participants this year.
Hong Leong Finance profits up 84.2% to $23.56m in Q3
Operating profit went up thanks to decreases in interest expense.
DBS launches cloud-based data centre
It will reduce costs to run the old data centre by 75%.
Singapore banks to suffer from more energy-related NPLs in Q4
Oil and gas service exposures make up 2-3% of the banks' loans.
Fintech investment in Singapore hits $34.52m in Q3
The city-state is expected to focus on AI, blockchain, and regtech.
Fintech boom could raise demand for banking regulators
Regulators are finding it hard to spot financial risks as the financial sector grows.
United Overseas Bank appoints Wong Kan Seng as chairman of the board
He is currently serving as chairman/director of Ascendas-Singbridge Pte Ltd.
OCBC taps AI to fight financial crime
It will use a programme with an algorithm to identify and reduce alerts of suspicious financial activity.
OCBC launches face recognition in banking apps
Over 120,000 mobile banking app users are expected to use the new technology.
Wee Cho Yaw steps down as United Overseas Bank's chairman emeritus
He retires after six decades on the Board.
Hsieh Fu Hua steps down as United Overseas Bank's director and chairman
He retires as part of the Board renewal and succession plan.
DBS profit falls 25% to $802m in Q3
Blame the $815m net allowance for its oil and gas support services.
Why ST Engineering's profits could soar by at least 50% in Q3
It has a low base, which saw $54m in provisions at ST Kinetics.
Singapore, China to collaborate on capital markets development
The listing of Chinese companies in Singapore will be supported.
L N de S Wijeyeratne steps down as DFCC Bank's director
He completed 9 years of service.
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