Singapore

The trade finance gap is a serious issue that is impacting the health of global trade and business development in many countries across the world. Trade finance is the fuel of global trade, upon which 80 to 90% of world trade relies, and if access to trade finance is compromised for certain companies, global trade will be unable to reach its full potential.

Customers can track the state of their finances, chase refunds, and monitor subscriptions.

This was due to higher net interest income, loan growth, and fee income.

It eyes increased investments in cybersecurity and AI.

As the ways and means of hiding dirty money rise, banks, MAS and law enforcement must keep up.

It seeks to tap into a digital channels market which could be worth $110b by 2025.

Singapore merchants can offer promotions and deals through the SCB Easy app.

The deal allows the two banks to access foreign liquidity from each other.

AMEX pulled ahead of DBS and PSOB.

With increasing volumes of data, and the introduction of Artificial Intelligence (AI) and Machine Learning (ML) technologies, models are at the heart of every financial institution (FI)’s operations. But as FIs increasingly rely on model outputs for decision-making, the focus on model risk – or risk of errors in the development, implementation, or use of models – has continued to gain momentum.

To hold their ground against fintechs, banks are redefining themselves.

It aims to reduce fraud risks for corporates, of which two-thirds still receive cash from buyers.

Startups no longer have to wait for a day to have an account.

It will be used to build a hotel and a construction and prefabrication hub.

This was driven by a healthy loan growth of 8%.

It will roll out a multi-manager fund on 1 November.