Financial Services

UOB allows customers to use phones as security token

It launched the UOB Mighty Secure feature.

Chart of the Day: Check out the banking sector's NPL ratios by sector

Overall NPL ratio increased to 2.1%, led by manufacturing, and transport, storage and communications.

Fitch bearish on Singapore banks amidst worsening asset quality

Total exposure to O&G sector stood at $16.1bn or 17% of core capital.

South Korean banks face increased performance uncertainty: Fitch

Blame it on higher credit costs from ongoing restructuring.

Singapore banks set for 11% earnings rebound next year

Thanks to an estimated 8-10bps rise in net interest margins.

Credit card usage in Singapore could collapse by 2020: study

Usage is expected to contract by nearly a quarter.

Infrastracture-driven economy to boost Indonesia's insurance

The country's infrasture budget for 2017 rose to IDR387t.

DBS profits could grow by up to 7% through 2018

Thanks to better than expected cost management.

Chinese structured finance grew 15% in 3Q

130 transactions worth CNY209bn were issued during the period.

YuuZoo unveils global e-wallet

It is designed for developed countries with low credit card penetration.

Singapore bank lending could turn cautious

Loans could only grow 0-2% by next year.

Japanese life insurers' credit quality under pressure: Moody's

Blame it on an ultralow interest rate environment.