Digital banking
Singapore vs. Hong Kong: Who is winning the digital banking race?
Singapore's heavy digital users have already reached 35% of its retail banking population.
Singapore vs. Hong Kong: Who is winning the digital banking race?
Singapore's heavy digital users have already reached 35% of its retail banking population.
Major retail banks in SG boost anti-malware security measures
In 1H23, scam victims have reported a loss of $334.5m.
Chart of the day: Almost 2 in 5 Gen Z S’poreans have a digital bank account
Older Singaporeans are less likely to have a digital bank account.
30% of Singaporeans to have digital bank accounts by 2023
In 2022, the percentage of adults who have a digital bank account climbed to 21%.
2 new DWBs offer ‘incremental income’ to SGX-listed Credit Bureau
Digital wholesale banking businesses raise the count of bureau members to 36.
MAS unveils new measures against digital banking scams
Default transaction limit for online fund transfers must be set to S$5,000 or lower.
Grab and Singtel consortium bags Malaysia digital banking licence
The Malaysian digital bank will be led by Pei Si Lai.
Singapore launches new measures to bolster digital banking security
Banks are asked to remove links in emails and SMS sent to customers.
Singapore's virtual bank account ownership to soar 30% by 2026
The figure is equivalent to 1,510,495 adults in Singapore.
Virtual banking trumps branch banking amongst Singaporeans: study
But less than half of SEA respondents are excited by the digital services currented offered.
Secret Sauce for the Banking Industry
According to Singapore’s largest bank DBS, the volume of cash deposits and withdrawals fell by an unprecedented 11% in the first 3 months of 2020, a 6% fall from where the figure had been since 2017. Coupled with extraordinary growth in the adoption of e-payments, it’s safe to say that COVID-19 has altered consumer behaviour—and fast.
Grab-Singtel, iFAST apply for Malaysian digital bank license
Bank Negara Malaysia is expected to issue up to five licenses by Q1 2022.
Seven in 10 Singaporeans unsatisfied with generic bank credit offers: study
Almost four-fifths (76%) of Singaporean consumers are not satisfied with generic credit offers from their banks, with 24% willing to offer more information in exchange for better rates or lower fees, a FICO study revealed.
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