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Three global banks open innovation labs in Singapore

THREE global banks on Wednesday launched their respective innovation labs in Singapore amid the Singapore FinTech Festival. Bank of China opened its first global fintech innovation lab in Singapore to spearhead its worldwide research and development (R&D) activities as well showcase its latest technologies. The BOC Innovation Lab (Singapore) will also showcase artificial intelligence (AI), blockchain, big data and cloud technologies. The facility...


Singapore fintechs attracted 25% more funding this year: report

FINTECH firms based in Singapore attracted 25 per cent more funding in the first 10 months of 2018 over the funding captured in the full year of 2017, with the US$222 million of funding taken up so far making up nearly half of the funding earmarked for fintech within Asean. These were the findings from a report by UOB released on Tuesday. It showed that Singapore continued to attract the most funding within the region,...


DBS shuffles senior management team, grooms talent within

DBS Group Holdings has made several senior appointments that will take effect over the course of the next few months including naming Tan Su Shan as the next institutional banking head. South-east Asia's biggest bank said on Tuesday that the new appointments underscore the bank's efforts to develop and deepen bench strength and grooming talent from within. Ms Tan, presently group head of consumer banking and wealth management, will succeed...


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