Financial Services
DBS boosts branch network with new self-service options
Customers will be able to replace ATM or debit cards outside traditional banking hours.
DBS boosts branch network with new self-service options
Customers will be able to replace ATM or debit cards outside traditional banking hours.
Western Union floats e-voucher promotion for digital customers
Eligible customers can win Grab e-vouchers.
Piyush Gupta named ‘most visible' CEO in local media
Wilmar's Kuok Khoon Hong was deemed 'most favourable' CEO.
FIs called to review security controls against tech-related risks
They are asked to improve oversight of third-party vendors and review risk profiles.
MAS launches $35m funding for data reporting digitisation
It will co-fund up to 30% of expenses for the adoption of digital solutions.
How insurtech Cover Genius delivers personalised insurance anywhere
It partners with insurers to distribute plans through e-commerce sites.
Life insurance sector posts 2% drop in new premiums during Q3
Total weighted premiums hit $1.33b.
OCBC posts 12% YoY drop in Q3 net profit
Net interest income fell 11% YoY and 4% QoQ.
DBS posts 20% net profit drop in Q3
Lower net interest income triggered the fall.
MAS takes action against market abuse, financial misconduct
It has imposed a total of $15m in penalties on offenders.
Credit relief measures to aid SMEs impacted by legislation
Re-Align Framework helps businesses restructure their contracts.
UOB net profits down 40% to $668m in Q3
The group’s $339m hit on profits year-on-year, but results registered an improvement from Q2.
Great Eastern posts 40% profit jump in Q3
Total weighted new sales also surged 36% in the same quarter.
UOB, Shopee sign MOU to offer exclusive perks to customers
UOB One credit and debit card users can enjoy cash rebates of up to 10%.
DBS names new group cash product management head
Rachel Chew will oversee DBS' cash product proposition in Asia.
MAS to discontinue issuance of $1,000 note
Existing notes in circulation will remain legal and can still be used for payments.
Financial institutions launch SME debt restructuring programme
SMEs may apply for the support scheme until June 2021.
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