Financial Services
UOB raises One Account deposit rates by 0.55%
Millennial account holders, with average balances of $34,000, will benefit most.
UOB raises One Account deposit rates by 0.55%
Millennial account holders, with average balances of $34,000, will benefit most.
Wealth management income hit by slumping stock markets
DBS fees from wealth are forecast to fall by 9.4%.
UOB invests in Israel-based fintech firm to develop AI solutions
They will use Personetics' tools to understand customer behaviour and aid them in their financial decisions.
Property curbs will only hit banks hard by 2019
Lenders have one more year of relief amidst previous approvals they drew down.
MAS strengthens vigilance against money laundering and terrorism financing
They upgraded their data analytics usage for better identification of high-risk areas.
OCBC launches website for mums
It includes specialist paediatric or gynaecological services and baby and motherhood products.
UOB teams up with Razer to launch Razer Pay
The scheme will allow users to top up through eNets and to transfer funds via FAST.
7 in 10 Indonesian banks threatened by ride-hailing firm Go-Jek
The app’s wide payment capabilities poses a risk to conventional banks.
Lending crunch fails to cripple Japan's mega banks as they join world's largest 20 lenders
MUFG is the ninth largest bank globally with a tier 1 capital of $153.04b.
China dominates world's largest banks even as Europe flexes financial muscle
Chinese lenders held the top four places in overall ranking based on Tier 1 capital.
Has tight oversight weighed down Singapore's dealmaking activity?
A total of 66 mergers have been lodged with the Competition Commission of Singapore as of end-June.
SIBOR to buoy banks from slow home loan growth
Every 10bps rise in the SIBOR could offset a 1ppt slowdown in loan growth.
New misconduct reporting measures put heat on Singapore FIs
MAS proposed new misconduct reporting requirements and mandatory reference checks for FIs.
DBS less likely to suffer slower loan growth from housing curbs
It has granted fewer housing loans compared to OCBC and UOB.
Half of SMEs asked small accountants' help in importing
This helped them realise trading opportunities from free trade agreements, a study said.
Over 150 Changi Airport outlets to use WeChat Pay
The launch of the e-payments platform targets the airport’s Chinese passengers.
Singapore banks to gain from property cooling measures: Moody's
It can reduce future price shocks and mortgage loan losses, according to the ratings agency.
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