Singapore

Singapore banks complete tokenised deposit pilots

Singapore banks complete tokenised deposit pilots

DBS, OCBC, and UOB tested the technology for payments beyond traditional processing hours. 
2 hours ago

DBS rejects S$1.3b 1MDB-linked claim and vows to ‘vigorously resist’

DBS said that it sees no provisions needed at this point in time.
4 hours ago

Singapore loan growth hits fastest pace since 2014 as credit cycle matures

Corporate loans grew 13.4% whilst consumer loans grew 10.4%.
8 hours ago

Visa unveils Singapore security roadmap as 42% encounter scams

Fraudsters are increasingly harnessing AI, automation, and social engineering techniques.
1 day ago

DBS and Citi settle USD payments in minutes via tokenised deposits

Citi and DBS said it complements their existing services and tokenised offerings.
2 days ago

Barclays launches Singapore private bank booking centre

The bank said that it strengthens its ability to service UHNW clients and family offices.
3 days ago

Singaporeans lead in digital wallet adoption but AI commerce trust lags

Mobile wallets are now the preferred way to pay when travelling.
3 days ago

Singapore banks claim readiness as fraud teams lag

Real-time alerts are required for high-risk account activity under the payment safeguards.
6 days ago

Singapore proposes new stablecoin rules

Changes cover foreign token recognition, interest bans, and stress testing. 

Singapore and Indonesia to launch Rupiah-SGD settlement framework

DBS, OCBC and UOB are Singapore's appointed dealers under the framework, which follows a 2022 MOU.

Singapore commits $173m to deepen fintech innovation

The three-year programme will support frontier tech, and financial infrastructure.

New SGD-IDR framework to give corporates better FX hedging: DBS

It provides corporate with better market access, said DBS' head of foreign exchange.

Singapore aced its FATF evaluation — now comes the hard part

Institutions operating within Singapore’s financial system must be able to show under scrutiny what their controls are achieving. 

DBS and Stripe partner to capture Asian cross border payments

Stripe will leverage DBS’ digital banking capabilities and DBS will explore the use of the Striple platform.

UOB and HSBC complete live HKD transactions on Swift ledger

UOB is preparing to execute SGD and USD transactions next.

UOB wins $59.8m in Marina Collection loan case

This is four times the $17.7m initially granted by the lower court.

StashAway buys digital wills platform MakeGoodwill

3 in 4 of StashAway clients do not have a will.