Financial Services
Singapore adopts standards for cross-border payments
MAS supports the initiative to o help arrest the decline in correspondent banking relationships.
Singapore adopts standards for cross-border payments
MAS supports the initiative to o help arrest the decline in correspondent banking relationships.
MAS tightening to bolster Singapore banks' performance
Banks are set to benefit from rising loans which grew 10%, as well as higher SGD and USD interest rates.
Chinese banks may ramp up lending amidst $63.62b additional liquidity
Reserve requirement ratio for big commercial banks will be lowered from 17% to 16%.
Homegrown P2P lending platform Funding Societies raised US$25m
Its Series B funding round was led by Softbank Ventures Korea and Sequoia India.
Nearly 4 in 5 Singaporeans open to branchless banking
It helps that digital banking penetration in the lion city is high at 97%.
APAC's bancassurers turn to blockchain to enhance offerings
CCB and AIA collaborated to offer blockchain-powered bancassurance products.
How open is Asia to branchless banking?
Approximately 55-80% of customers are considering opening an account in a digital-only bank.
Asia beats Europe in developing new payments technologies
The region has attracted more fintech investments than North America and Europe.
Smartphone banking booms in Asia as digital penetration expands threefold
Mobile banking has grown at least twofold in Emerging Asia to outpace other e-banking types.
Singapore banks' bad loans are on the rise
The aggregate NPL ratio of local banking groups rose from 0.4% to 1.6% in 2017.
OCBC debuts quick credit card approval and Apple Pay integration
Customers can make purchases at Apple Pay merchants within minutes of credit application.
ICBC Singapore unveils investment banking services
Property owners and developers are the initial target clientele.
UOB forms joint venture with credit scorer Pintec
The joint venture will have a capital of up to $10m.
More than half of retail investors distrust the financial industry
Only one in ten believe that financial advisers always put their clients first.
Asian private wealth hits $2.01t in 2017
The world’s high net worth individuals are increasingly turning to Asia.
Embracing the opportunity and grasping the risk of new tech and Fintech: A Singapore case study
The technological evolution unfolding before us is nothing short of extraordinary. Just on cognitive capabilities alone, what took living organisms...
MAS refuses to compel banks to divulge open banking data
The central bank is taking a more organic approach, enabling banks to share data on their own.
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