Singapore
Citi links rewards points redemption service with Samsung Pay
Citi links rewards points redemption service with Samsung Pay
It will be available for customers in Southeast Asia and Oceania by 2019.
APAC banks plan to use automated collections systems by 2019
Seven in 10 banks intend to utilise AI to streamline bill payments.
Singapore amongst the most open to digital banking
Almost half believe non-banks provide better assistance than traditional banks.
Singapore cautions banks against cybersecurity attacks
This follows an attempted hacking using the SWIFT system in Malaysia.
Weekly Global News Wrap Up: BofA halts lending to firearm makers; US watchdog may slap record fine vs Wells Fargo
And here’s the real cost of Brexit to the UK financial services industry.
Construction firms' on-time payments boost Singapore banks
NPL ratios tied to the construction sector were 0.2%-0.8% at year-end 2017.
Bank of China and ICBC to offer PayNow
There are now nine banks using the service.
DBS integrates PayNow into API system to reduce cheque usage
They aim to reduce corporate cheque payments by 30% in 2020.
Local banks lead digital charge in Singapore
DBS stays ahead of the pack after growing its digital team since 2009.
Singapore banks' 3-month SIBOR up 1.51% at end-March
Fixed deposit rates from Singapore banks rose concurrently by 17-30 bps.
Weekly Global News Wrap Up: Barclays to pay $2b fraud fine; Should Deutsche Bank reduce its US business?
And US Treasury supports easing raps on banks not lending to the poor.
Singapore banks set to co-write guide for ethical use of AI
The guide, to be developed by MAS, is targeted for completion by the end of 2018.
Singapore banks' loan growth hits 3-year high
Higher credit card and car loans pushed bank lending up.
Asian banks' wholesale revenues soar 21% in 2017
They lead the rest of the world when shares of global banks plunged 17%.
Myanmar now lets foreign banks provide export financing services
Still, they are prohibited from providing basic retail transactions amidst the reform.
Singapore inks fintech collaboration deal with Japan
It will promote Singapore as a preferred business destination for Japanese fintech and vice versa.
Bank of China Singapore revamps Family Card with improved cash rebate
Cardholders can earn up to $1,440 in cash rebate annually.
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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. DBS to hire over 500 young talent in 2026 amidst AI push 4. MAS revokes BSQ payment licence over false disclosures and risk failures 5. Grab takes control of Indonesia’s Superbank via GXS transferResource Center
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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