Financial Services
Singapore's big three banks averaged total return of 12% YTD
DBS, OCBC and UOB have averaged an 8% YTD growth in net profit to a combined $11.85b.
Singapore's big three banks averaged total return of 12% YTD
DBS, OCBC and UOB have averaged an 8% YTD growth in net profit to a combined $11.85b.
Robocash hits $500m issued loans as of Q3
The number of served clients significantly increased in Vietnam, Indonesia, and India.
Central Bank of France to open first Asian office in Singapore
They aim to forge closer relations with APAC central banks and financial authorities.
OCBC to enable PayNow fund transfers by January 2020
This will make Singapore the second country to launch a new version of Google Pay.
PayNow adopts SGQR specifications
Businesses no longer need to generate and display new QR codes for each transaction.
Singapore steps up efforts to boost FX ecosystem as Hong Kong closes in fast
Citi launched a pricing engine that cuts the time it takes to route a trade between Singapore to Tokyo.
SGQR to be rolled out across 27 hospitals
DBS has worked with three healthcare clusters on the payment infrastructure.
MAS develops blockchain-based integration for multi-currency payments
The prototype is being tested for commercial blockchain applications.
UOB launches digital finance management service
Customers can track the state of their finances, chase refunds, and monitor subscriptions.
DBS Group profits up 15% $1.63b in Q3
This was due to higher net interest income, loan growth, and fee income.
Which e-wallet app is the most used in Singapore?
GrabPay topped the list of most number of active users and most downloads in a month.
Fintech Rapyd launches all-in-one Singapore payment platform
It enables users to make payments, convert cash, and receive funds electronically via a single platform.
Mastercard and Tappy Technologies to embed payment chips into accessories
This setup will be first seen in analogue watches by Timex Group.
OCBC, DBS vying for Indonesia's Bank Permata
Bank Permata’s owners are seeking a valuation 1.6x of its book value.
LIA Singapore floats online life insurance calculator
The calculator generates a report of the user’s financial resources and commitments.
Daily Briefing: Temasek leads funding in US-based Bowery Farming; Fintech Xfers launches stablecoin pilot
And parenting portal theAsianparent closes its Series C funding.
Siam Commercial Bank launches cross-border QR payments in Singapore and Thailand
Singapore merchants can offer promotions and deals through the SCB Easy app.
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