News

ShopBack and Visa expand tie-up to 20,000 Singapore physical stores

ShopBack said that it has rewarded over S$1b in cashback globally.

OCBC offers platinum and palladium to retail investors

Platinum is priced at S$23 per 0.01 ounces and palladium at S$18 as of 7 August.

China names Deutsche Bank as RMB clearing bank for Europe

The bank is the first foreign bank in Europe to receive the designation, it said.

Ant International’s Muslim Pro deal spreads pilgrimage costs over 24 months

Families can pay for flights hotels meals and transport in instalments.

Philippine central bank raises business transfer ceiling tenfold under Instapay

Previously, registered businesses could only transfer up to $822.6 (P50,000).

Allianz Global Investors takes over UOB Asset Management

The deal expands its footprint into Thailand, Malaysia and Vietnam.

Standard Chartered secures in-principle GIFT City wealth approval

Eligible investors can access four diversified portfolios.

UOB Group Q2 net profit rises 10% to $1.5b despite margin pressure

Net interest income eased 2% YoY in a lower interest rate environment. 

Nearly 70% of Singapore finance leaders struggle to scale AI

Another 64% pointed to fragmented or inconsistent data across systems.

China CITIC Bank International names Wang chief executive

Shen Qiang will retain a board seat as a non-executive director.

Chinese banks risk sharper lending yield swings: S&P

Commercial lenders may need tighter internal models to contain interest rate exposure.

Eximbank names Trang as CEO

Pham Thi Huyen Trang took office on 1 August.

Western Union tests cross-border wallet scale

The Dash acquisition gives Western Union 1.4 million users as it links wallets, banks, and payment networks across borders.

Maybank Singapore joins MAS cross-border settlement initiative

The company's tokenisation efforts support its ROAR30 $3.2b digital investment.