Financial Services

Asia's private banking scene heats up as European players enter fray

European private banks are heavily investing in Asian footholds.

Asia's private banking scene heats up as European players enter fray

European private banks are heavily investing in Asian footholds.

Singapore and India speed up cross-border payments

Indian nationals can transact through Ru-pay in Singapore.

New accounting standards pose risks to Singapore banks' profitability

Lenders face higher credit reserve requirement under the FRS109.

Fraud incidents from unlicensed online trading jumped 255% in 2017

Singapore's police and central bank issued a new warning against unregulated online trading.

UOB rolls out monthly ‘digital clinics' to help businesses digitise

Tech experts will provide companies with tailored digital strategies to improve productivity.

Singapore beats Hong Kong in open banking readiness

Strong regulatory support from MAS buoyed the lion city to score the APAC crown.

Bank lending up 0.8% in April

Consumer and corporate loans edged up slightly.

Singapore & the future of finance: global lighthouse on a little island

In 1942, Austrian economic prophet Joseph Schumpeter coined the term “creative destruction.” Schumpeter envisioned innovation to be the key driver by...

Strong SME lending buoys Taiwanese banks' growth prospects

Loans to the SME segment accounted for almost a third of total system loans.

Japanese regional banks form fintech joint venture in bid for survival

Seven lenders will take a stake of little over 14% in the JV.

China's banks are sidestepping the shadow banking crackdown

Issuance of structured deposits surged almost 47% to $1.4t in the year through March.

India's massive bailout fails to buoy banks out of earnings rut

Little will be left for lending from the government’s $32b capital injection.

Chart of the Day: Banks bear the burden of growing credit card debt

Bad credit card debt that was "written-off" jumped 16% to $20.74m in March.

MAS to require investors to log stock short sales

They need to be reported through an online portal.

DBS to build Carousell's mobile wallet CarouPay

This followed the bank’s participation in Carousell’s US$85m funding round.