Singapore
Weekly Global News Wrap Up: UBS Q2 profit hits five-year-high; BofAML shells out $40m fine: report
Weekly Global News Wrap Up: UBS Q2 profit hits five-year-high; BofAML shells out $40m fine: report
And Spain’s Banco Santander finds refuge in the Americas.
Digital consumers power up Singapore's big three banks
DBS and OCBC generate twice or thice as much revenue from digital retail and SME customers than traditional customers, on average.
Singapore banks' NIM expansion could hit 1-2bp in Q2
Both OCBC and UOB could have a NIM expansion of 2bp during the period.
Asian Banking & Finance Awards recognises record number of outstanding companies
More than 270 senior banking executives graced the event.
Full go-live of SWIFT gpi for corporates kicks off
It allows multi-banked corporates to track transactions through a single standardised views.
Digital wealth manager Syfe launches in Singapore after $5.2m seed round
It also got its Capital Markets Services Licence.
Weekly Global News Wrap Up: UK banks hit by Brexit-induced investment slowdown; Deutsche Bank to pay $197m to settle bribery case
And BNP Paribas will pull out from financing private prison firms.
Virtual banks may only account for less than 1% of Singapore loan market by 2022
Retail upstarts may account for 0.3% market share and wholesale challengers will take 0.9% of the market.
Citi launches payment outlier detection service
It uses advanced analytics, AI and machine learning to detect irregularities.
Weekly Global News Wrap Up: Societe Generale reportedly eyeing to sell UK private banking arm; Wells Fargo slapped with $6.61m fine in Ireland
And bank licensing boom hits South Africa.
How GoBear makes financial comparison easy for the everyday consumer
Its platform matches users with financial products like insurance, credit cards, and trade finance.
Singapore's fintech invasion has no end in sight
About 43% of fintechs in Southeast Asia choose Singapore as their home amidst strengthening growth prospects.
Weekly Global News Wrap Up: Deutsche Bank reportedly eyeing to cut 20,000 jobs: EU banks short of $153b to meet capital requirements by 2027
and Austrian banks survive government's staged cyberattacks.
JP Morgan launches working capital index
Companies can identify inefficient use of liquidity and improve internal funding sources.
Singapore's fintech adoption rate almost tripled to 67% in two years: study
It is ahead of the APAC average adoption rate of 64%.
Singapore banks' loan growth up 4.7% in May
ACU-driven overseas loans rose 7.5%.
Singapore joins digital banking race with five licenses up for grabs
The five licenses are split into two full digital and three wholesale.
Thought Leadership Centre
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1. Wealth clients shift focus from returns to retirement security 2. Built to last: How Japan is approaching the cross-border payments challenge 3. ASIC holds $1.93b in unclaimed funds from old financial accounts 4. Mizuho clarifies ‘no decision yet’ on Rakuten Bank investment 5. DBS to hire over 500 young talent in 2026 amidst AI pushResource Center
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It is wading downstream from mortgages to lend to developers, hardware stores, and the likes.
Commentary
Built to last: How Japan is approaching the cross-border payments challenge
Asia’s 20% advantage: The simplification strategy rewriting banking from Singapore to Shanghai
Perth is emerging as an unlikely testbed for the future of global finance