Singapore
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.
Weekly Global News Wrap Up: Exodus of banks in London looms after Brexit; Deutsche Bank looks for new CEO
And Wells Fargo's 4 top risk management execs to retire.
DBS to hire future-ready tech talents via hackathon
The Hack2Hire programme will hire up to 100 qualified candidates.
Singapore banks net profit surge 27% in Q4 as they embrace fintech
The country is home to 39% of fintech firms in the ASEAN.
OCBC's tech investments poised to boost growth prospects
Its in house AI unit is set to improve operating efficiency.
The uncertain solutions to custody & clearing risks
Banks are currently looking into outsourcing, blockchain technology, and cybersecurity but are wary of unproven results.
What happens next after Singapore banks' digitalisation drive?
Chatbots, data analytics, and open banking remain the main challenges in 2018.
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