Singapore

Chinese banks to offer preferential services for military personnel

ICBC, Bank of China and the Agricultural Bank of China are amongst the lenders offering discounted services to armed forces.

67% of APAC ultra-wealthy investors still seek human advisors

A study suggested that over-digitalisation could alienate investors.

Singapore halves prohibition orders against former Citibank employee

The prohibition order for Zheng Xuemei has been reduced to one year.

SWIFT's Michael Moon on shaking the dust off the global cross-border payment process

SWIFT gpi promises speed, traceability and transparency as it helps usher in a new era of payments.

Cash is still king in Singapore as reluctant elders shun mobile apps

Security concerns in mobile banking apps rose from 34% in 2017 to 41% in 2018.

OCBC Pay Anyone joins order-ahead app Waitrr

OCBC’s app will automatically launch once customers select their meals.

Singapore slapped $12.47m in penalties in last 18 months

Enforcement actions include 19 prohibition orders and $698,000 in civil penalties.

Asian wealthtech firms snap up 15.5% of investment in 2014-2018

They still fall flat of Europe and North America’s dominance.

Banks struggle with millenials' use of messaging apps

2 in 5 APAC millennials contact their RMs through chat application in Q2 2018.

Standard Chartered unit launches startup platform

SC Ventures Fintech Bridge will link the bank with promising startups, investors and accelerators.

Mortgage recovery looms for UOB as residential market stabilises

Mortgages will grow to mid-single-digit in 2019 from 4.3% in 2018.

Empowering women to Rise Up in Financial Services across the globe

Tracey Davies, President of Money20/20, and founder of the Rise Up initiative, outlines the five ways the program empowers women at work as the initiative comes to Singapore.

DBS poaches former Bank of Singapore private banker

Lee Woon Shiu will be responsible for leading the bank's wealth planning, family office and insurance business.

Singapore banks' credit costs to rise 5bp in 2020

The IFRS9 will require banks to set aside for anticipated losses.

HSBC targets US$1b in additional wealth revenue by 2020 from Asia's super-rich

The bank is adding 1,300 roles that will be assigned primarily in Hong Kong, Singapore and China.

Vietnamese banks urged to stem rapid lending

The loan growth of commercial banks hit 17-18% on average.