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


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StanChart's digitalisation push nets more customers


STANDARD Chartered Bank's digitalisation push is seeing results, with clients converting to transacting on a brand new platform and netting more customers to trade online.

The bank's strategy is to focus on the wealth management business, "given the growing affluence in our region and the increasing appetite of our clients for protecting, investing and growing their wealth", ...more

DBS banking on platforms instead of pipelines


DBS's latest investment in retail marketplace Carousell comes as banking can no longer be a matter of managing pipes, but has to work by plugging into lifestyles in an "invisible" way, said DBS CEO Piyush Gupta.

Mr Gupta's comments came as Singapore's largest bank - which is celebrating its 50th anniversary this year - on Tuesday launched a S$30 million branding campaign ...more

Investment Management Association of Singapore names new chief


THE Investment Management Association of Singapore (IMAS) on Wednesday announced the appointment of Carmen Wee as chief executive. This follows the retirement of Michael Lim, who will be stepping down at the end of June 2018.

Ms Wee is a veteran of the Singapore investment management industry. Between 2008 and 2012, she was head of sales for Asia at Natixis Global Asset ...more

UOB posts stellar Q1 results with 21% earnings surge


UNITED Overseas Bank on Thursday announced robust first-quarter earnings which surged 21 per cent to a record S$978 million on the back of higher net interest margin and strong wealth management income growth and a substantial drop in bad debt charges.

The second local bank to report Q1 results, UOB beat expectations. Bloomberg had an average estimate of S$965.7 million ...more

Dearth of talent still biggest constraint for fintech: MAS


SOME 2,000 jobs were created in the fintech sector over the last two years, reflecting a self-sustaining fintech ecosystem that Singapore has created thus far, said Monetary Authority of Singapore (MAS) managing director Ravi Menon on Wednesday.

Still, this comes as talent remains "the biggest constraint" for developing the fintech segment, said Mr Menon at an evening fireside ...more

In corporate banking, a rising tide doesn't lift all boats: study


SUCCESS in corporate banking used to come down to that factor often cited in property investment: location, location, location. A decade ago, corporate banks would do well so long as they bet on the right markets, which would include emerging Asia.

But a fresh McKinsey report shows that performances of corporate banks are diverging widely within each region today, suggesting ...more

Singapore banks' offshore expansion a mixed bag

With Singapore the chair of Asean this year, there'll be more than usual regional news in the local media - in particular on its neighbours' vibrant economies. Alongside a relentless stream of stories on China's Belt and Road Initiative, investors will be constantly reminded of the vast opportunities in Asia.

How have the three local banks fared in tapping the region's rich seams of burgeoning ...more

Temasek unit to open private equity door for retail investors


TEMASEK subsidiary Azalea Investment Management is working to open up access to private equity (PE) investments for retail investors.

Access is likely to be made possible through an asset backed security - that is, a bond instrument collateralised by a diversified portfolio of PE funds.

Azalea pioneered a similar structure here in 2016 when it launched Astrea III, ...more

Lombard Odier and Bank Mandiri to offer onshore private bank services


SWISS private bank Lombard Odier has teamed up with Indonesia's largest bank Bank Mandiri to offer onshore wealth management products.

Last week, Lombard Odier said it has inked a strategic agreement with state-controlled Bank Mandiri, further expanding its Asia footprint to offer risk-based investment solutions and wealth management expertise.

Bank Mandiri is Indonesia's ...more

'Insurtech' will transform insurance, but pace of adoption is slow

INSURANCE is a sector that experts widely believe is "ripe for disruption'' for a few reasons. It is heavily reliant on data. Its cost base is high which suggests inefficiencies.

Distribution costs plus operating costs take up a significant chunk of annual premiums. It remains heavily reliant on face-to-face sales, even though a number of insurers are in the process of digitising parts of ...more
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