An important resource for the dynamic banking and financial industry, providing a definitive list of banks, financial institutions in Singapore.

Singapore Banking & Finance Services News

1 | 2 | 3 | 4 | 5 | 6 | 7 | 8

Jachin Capital to offer robo investment portfolios to a wider audience

Singapore

ROBO or digital investing may soon gain traction - at least among wealthy investors.

Homegrown independent fund manager Jachin Capital has secured a capital markets services licence that will enable it to offer its digital investment platform - called iAdvisor - to a wider audience of accredited investors.

There are currently 28 portfolios on iAdvisor, giving distinct ...more

China Construction Bank expands in S'pore with eye on infrastructure projects

Singapore

ON THE back of more than US$90 billion in "One Belt, One Road" infrastructure projects being assessed by China Construction Bank (CCB), China's second-largest bank on Tuesday set up a centre in Singapore dedicated to infrastructure financing.

This is on top of the launch of a new CCB banking centre here for private banking, as well as setting up the Singapore subsidiary ...more

Private-hire drivers, home offices could retain protection if insurer collapses

Singapore

PRIVATE-HIRE car owners who drive for Uber or Grab will be entitled to protection if their insurers collapse, under a proposal that the Monetary Authority of Singapore (MAS) is considering.

That proposal, as well as a cap on what can be paid out to policyholders when their insurers fail, are among a number of possible amendments included in a public consultation by MAS on ...more

Retirement planning: different options to suit individual needs

PREPARING for retirement is akin to embarking on one of life's most important journeys. The goal may be far into the future, and there may be unknown threats and potential dangers along the way. Thus, good retirement planning is important and it takes ownership and personal responsibility.

Thankfully, there are many options around. When evaluating which option best works for you, you need ...more

Swiss Re to set up new Asian HQ in Singapore

Singapore

IN a sign that Asia continues to provide growth stories companies seek, Swiss Re is increasing its focus on this part of the world by looking to set up a regional headquarters in Singapore in 2018 for its reinsurance business.

Called Swiss Re Asia, the company will be wholly owned by its Zurich-based global parent Swiss Re Ltd and will share the latter's credit rating, the ...more

How UOB Asset Management became an award-winning fixed income house

TO CHONG Jiun Yeh, who led UOB Asset Management (UOBAM)'s fixed income team to a significant industry milestone this year, success in fixed income management is achieved by an astute process of managing risk and conducting fundamental research.

"We're investing in fixed income. Defaults can significantly affect fund performance, so it's important to manage downside risk to ensure superior ...more

UOB ties up with KrisFlyer to land S$1.5b in deposits

Singapore

UOB is speeding up the chase for miles in the competitive cards space, and now expects to bring in S$1.5 billion in deposits in the next five years via a new current account tied to miles redemption through Singapore Airlines' (SIA) KrisFlyer programme.

UOB and SIA on Tuesday launched the KrisFlyer UOB Account, which allows customers to earn KrisFlyer miles when they save ...more

Upward mobility in Maybank

MERITOCRACY and diversity flourish in Maybank. It's a culture that serves the group well - and something that group president and CEO, Abdul Farid Alias, can personally vouch for.

The banker says he grew up poor; his late father was a "beat cop", while his late mother was a housewife.

Mr Farid went to a MARA boarding school in Malaysia for poor families and won a scholarship there ...more

DBS, OCBC introduce payment via QR codes

Users of the DBS PayLah! app can now make and receive payments via QR codes, while OCBC customers will soon be able to do the same.

Users of the DBS PayLah! mobile wallet - they do not have to be DBS account holders - can now use the app to generate their own QR code to receive cash.

A QR, or Quick Response, code is a square barcode that can be used to store data that can then be ...more

The conservative banker

MAYBANK'S group president and CEO, Abdul Farid Alias, does not come across as your typical boss of a big bank. The 49-year-old's boyish demeanour - further reinforced by a backpack slung over his shoulder as he walks into the room at The Ritz-Carlton Millenia Singapore for this interview - signals an easy manner.

Heading Malaysia's biggest bank (and the fourth largest in Asean) cannot be easy; ...more

DBS seeks to tap US$289b in Indonesian wealth

Singapore

DBS Group Holdings Ltd, South-east Asia's largest lender, is focusing on expanding its wealth business in Indonesia, where a tax amnesty has prompted rich citizens to declare billions of dollars that are now being targeted by private�banks.

The acquisition of some Australia & New Zealand Banking Group businesses in Asia will boost DBS's Indonesian retail and wealth customer ...more

Active fund managers lose out to cheaper, passive funds

FEW people outside the investment management industry will have been dismayed to learn that chief executives of some of the sector's top listed-fund houses have had their pay cheques cut dramatically. But what should alarm everyone is what has provoked this drastic pay cut.

Chief executives of the leading fund management houses concerned have been living high off the hog from fat commissions ...more

China bank opens branch in Singapore

Shanghai Pudong Development Bank will use the new branch it opened in Singapore yesterday as a base to expand across the region.

The branch at the Marina Bay Financial Centre is the bank's first overseas outlet. The bank said Singapore's location at the heart of South-east Asia makes it well-positioned to seize the business opportunities brought about by China's "One Belt One Road" strategy.

Vice-chairman ...more

Singapore, Shanghai deepen ties amid fresh commitments by banks

Singapore

FINANCIAL institutions from both Singapore and Shanghai signed several agreements on Wednesday amid efforts to enhance capital markets, boost ties between banks and corporates, and raise collaborations with financial technology (fintech) firms.

Singapore has also attracted Shanghai Pudong Development Bank (SPD Bank) to establish its first overseas branch in Singapore, which ...more

Banks in Singapore still flexing muscle in recruitment, employment

Singapore

IT may come as a surprise to some that there are banks here that continue to hire and expand their headcount despite the rise in digitalisation and consolidation in the sector.

While keeping a tight rein on costs, banks remain a major source of employment in Singapore.

In 2016, financial and insurance services employed 190,700 residents, the highest ever, according ...more
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8