News

  • 19
    Sep

    HSBC Singapore beefing up commercial banking division

    The Business Times by SIOW LI SEN

    Singapore HSBC Singapore is ramping up its commercial banking division to support companies expanding in Southeast Asia. The 500-strong commercial banking division has been hiring and expects to end the year with more than 550 people, dedicated to supporting… More

  • 18
    Sep

    Singapore's payments transformation pushes ahead with single QR code

    The Business Times by JAMIE LEE

    Singapore A LONG-AWAITED piece is finally in place that will get Singapore's electronic payments transformation going. Singapore on Monday launched a single, standardised QR or Quick Response code for e-payments in what could be a global model for other… More

  • 14
    Sep

    Fear no more the cashless wave

    The Business Times by NEO SHI WEI

    IT is not every day that a team of young university graduates reject lucrative job offers from top multinational companies to start up their own company. And it is even more uncommon given that the startup bears little relevance to the graduates' fields… More

  • 14
    Sep

    HSBC to move HQ to Marina Bay Financial Centre from 2020

    The Business Times by LEE MEIXIAN

    Singapore HSBC Singapore will be relocating its head office from its current premises at HSBC Building, 21 Collyer Quay, to Marina Bay Financial Centre (MBFC) Tower 2 from April 2020 to accommodate the company's rapid growth plans. The bank has said… More

  • 13
    Sep

    Regulators need to tighten reins on fintechs

    The Business Times by JAMIE LEE

    THERE are no signs of real haste from global regulators in keeping financial technology (fintech) firms in further check. Yet, it may be time for regulators here to expand their supervisory scope, as large fintech firms start to stake a claim on financial… More

  • 07
    Sep

    MAS wants binding cyber security rules for Singapore financial institutions

    The Business Times by CLAUDIA CHONG

    Singapore THE Monetary Authority of Singapore (MAS) has moved to tighten the rules on cyber security for financial institutions (FIs) in Singapore by proposing to make legally binding a set of six essential cyber security measures to protect their IT… More

  • 05
    Sep

    Banking with the times

    The Business Times by CHIA TEK YEW

    TODAY'S banks operate in unique times. As they rapidly digitalise to seize new opportunities of growth, they are also confronted with the challenges presented by the platform economy and strong financial technology (fintech) entrants that could pose… More

  • 30
    Aug

    MAS and Dubai authority sign fintech accord

    The Business Times by CLAUDIA CHONG

    Singapore THE Monetary Authority of Singapore (MAS) and the Dubai Financial Services Authority (DFSA) have signed an agreement that paves the way for each party to refer fintech companies to the other, as well as facilitate the sharing of information… More

  • 29
    Aug

    Temasek unit, BOC lift community bank network by 27 more units

    The Business Times by LEE MEIXIAN

    Singapore TEMASEK-owned Fullerton Financial Holdings (FFH) and Bank of China have jointly acquired 27 community banks from China Construction Bank for RMB1.606 billion (S$321.3 million) - a new record in terms of the number of community banks being… More

  • 27
    Aug

    Global Finance names DBS world's best bank

    The Business Times by JANICE HENG

    Singapore DBS Bank has become the first Singaporean and Asian winner of Global Finance Magazine's Best Bank in the World Award, unseating last year's winner ING. This came after DBS was named Asia's top bank in May, replacing 2017 winner ICBC, in the… More