Financial Services
OCBC enables cash withdrawals via QR code
Cash withdrawal at ATMs can be completed in under 45 seconds.
OCBC enables cash withdrawals via QR code
Cash withdrawal at ATMs can be completed in under 45 seconds.
How banks in Asia-Pacific can survive in an age of declining profitability
Cutting down branches is one way of keeping costs down.
Chart of the Day: Virtual banks can't rely on the branchless advantage for long
Facilities costs as a proportion of incumbent lenders' assets is only 7bps compared to 103bps.
iFAST eyes virtual banking license
The move will expand its service scope to include e-payment and lending.
DBS profit surges 17% to $1.6b in Q2
Income hit a record $3.71b.
Beyond Japan: Sompo Holdings Asia's journey towards a sturdy retail platform
The insurer seeks to build and reinforce brand awareness for direct consumers in key Asia Pacific markets.
Singtel launches prepaid plan with medical insurance plan
The insurance enrollment process can be done through its hi!App or Singtel Dash app.
US dollar deposits accounted for a third of total bank deposits in March
USD deposits rose at a CAGR of 20% over the past nine years.
Only two in five companies have a digital transformation plan in place: DBS survey
CFOs cite the breakneck pace of change as the top factor hindering digital adoption.
Banks' loan growth could hit 5% by end-2019
A slew of enbloc and infrastructure projects will boost lending activities.
Daily Briefing: Cocoon Capital raises US$22m seed fund; Startup Trax becomes Singapore's second unicorn
And the number of babies born in Singapore fell to an eight-year low in 2018.
Fintech startup soCash raises $8.17m in Series B funding round
The funds will be used to expand into Malaysia, Indonesia, and Hong Kong.
Banks' NIM expansion could hit 1-2bp in Q2
Both OCBC and UOB could have a NIM expansion of 2bp during the period.
Daily Briefing: GIC mulls bid for Brussels settlements firm Euroclear; Smart City Kitchens files complaint against Deliveroo and GrabFood
And Thai accelerator Rise forays into Singapore with its corporate AI programme.
Digital consumers power up Singapore's big three banks
DBS and OCBC generate twice or thice as much revenue from digital retail and SME customers than traditional customers, on average.
Global Innovation Alliance network expands to Vietnam
ESG, Quest Ventures and SIHUB will help Singapore startups set up, test-bed and commercialise their solutions in Ho Chi Minh City.
Daily Briefing: Check out investment bankers' salaries at JP Morgan; US VoIP firm 8×8 buys local startup Wavecell for $169.9m
And UOB partners with SG Enable, ARC, MINDS and SPD to boost inclusive hiring in Singapore.
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