Singapore

ANZ and DBS are amongst the banks working with SWIFT.

Only US$406m in venture capital funding was raised in Asia.

Standard Chartered announced that Deniz Güven will join their Retail Banking team taking on the role of Global Head, Design and Client Experience effective 8 May 2017.

Net fee income increased 16% to US$476m.

And NPL was stable at 1.5%.

Provisions will remain high for the same O&G accounts.

But core net profit is seen to grow only 3%.

That is despite a slight recovery in February.

Net profit of two banks will decline, whilst that of one bank will remain flat.

NIMs are expected to remain muted with only a 1-2bp pickup.

The first Middle East and Africa Fintech Forum is but a start to its fintech plans.

Adam Proctor will take over the role of Head of Managed Investments and Advisory for Asia Pacific, reporting to Roger Bacon, Head of Investments for Asia Pacific and David Bailin, Global Head of Managed Investments. He will relocate to Singapore in the coming months.

The event will be held on April 26 at the Pan Pacific Singapore.

Banks in Singapore continue to offer attractive rates.

And find out how regulators risk putting banks on a fast track out of London.

AUM increased 6.1% to $1.55t in 2016.