Financial Services
How DEXTF is shaking up the asset management scene
How DEXTF is shaking up the asset management scene
The platform reduces the costs of investing by up to 20 times.
OCBC activates Google Pay P2P funds transfer service
The app uses PayNow to make real-time transactions.
OCBC CEO's total pay rose to $11.1m
Tsien donated $650,600 to #OCBCCares programme.
Great Eastern boosts digital tools amidst COVID-19 pandemic
Authorisation of policy purchases will be simplified.
Maybank Singapore, Liquid Group float QR payment platform for merchants
ABS will grant $25 in cash to the first 20,000 new PayNow sign-ups until 31 July.
Citi Singapore hands out $1,200 aid to employees
Around 1,600 will benefit from the compensation.
MAS defers digital bank licence review to H2 2020
It had earlier planned to announce the successful applicants in June.
Chart of the Day: Pandemic spurs digital payment take-up in Singapore
Electronic payments are expected to take up 61% of transactions by 2023.
MAS floats $125m support package for financial firms, fintechs
It will support workforce training, operations and access to digital tools.
UOB to shut down 24 branches
Thirty-eight will remain open, each located within a 3km radius from a closed branch.
MAS alters regulatory requirements for COVID-hit banks
Banks can now adjust their capital buffers to support lending activities.
DBS to start closing branches until 4 May
Its Treasures and Treasures Private Client centres will also shut down.
Insurance services to remain open
The government has raised distancing measures against COVID-19.
MAS names new assistant managing director
Celine Sia will hold the position for economics and knowledge management.
Maybank Singapore temporarily shutters 8 branches
ATMs and cheque-deposit facilities will remain open.
Local firms' payment performance nosedives to three-year low in Q1
Delayed payments made up 45.8% of all transactions during the quarter.
Challenging times ahead for banking industry
Delinquencies are sighted to rise from SMEs, large corporates, and retail customers.
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