Singapore

Singapore launches digital banker’s guarantee, insurance bond

The eGuarantee@Gov is available from over 20 financial institutions locally.

Singapore to eliminate all corporate cheques by 2025

Use of cheques for payments has declined to just 7%, says DPM Wong.

5 ways a financial institution can shield itself from cyber attacks

MAS warned that the cyber threat landscape has been increasingly hostile.

MAS to test purpose-bound digital SGD

This can be used in government and commercial vouchers, amongst others.

UOB’s net profit soars 34% YoY in Q3

The increase was driven by strong net interest income amongst others.

Central bank proposes to regulate stablecoins, add rules for DPT providers

It seeks to prevent consumer harm from cryptocurrency trading.

BNPL code launched, outstanding payments limited to S$2,000 without credit assessment

Consumers are now entitled to make full repayment without early repayment fees. 

1 in 3 private home mortgages under a floating rate: MAS

For HDBs, that’s just 1 in 5 loans extended by financial institutions.

OCBC appoints Sunny Quek as head of global consumer financial services

He will lead the bank’s banking and wealth business in Singapore.

Real-time Payments: The Time to Act is Now

Around the world, people now expect real-time experiences in everything they do, and payments are no exception.

UOB launches expanded U-Solar programme in Singapore

U-Solar 2.0 will be rolled out in Malaysia, Thailand, and Indonesia in Q1 2023.

SAS Institute: Intelligent Decisioning Solution in Action

The company drives real-time interactions that can easily create, manage, and govern robust analytically driven business rules to power decisions at scale.