News

  • 16
    Aug

    Keep investing in cashless economy

    The Straits Times

    The Association of Banks in Singapore (ABS) has contributed yet again to the evolution of Singapore's cashless society by launching PayNow Corporate. It is an extension of PayNow, the peer-to-peer instant funds transfer service that requires one to… More

  • 14
    Aug

    Life insurance industry sees 20% rise in new business in H1

    The Business Times by LORNA TAN

    Singapore THE life insurance industry posted a robust performance in the first half of this year, boosted by strong sales of investment-linked plans and a positive attitude towards protection and retirement needs. Weighted new business premiums jumped… More

  • 13
    Aug

    PayNow Corporate launched today

    The Business Times by JANICE HENG

    Singapore THE NEW PayNow Corporate e-payment service, launched on Monday morning, allows businesses and the Singapore government to instantly make and receive payments by using their respective Unique Entity Numbers. It is an extension of peer-to-peer… More

  • 10
    Aug

    For Singapore startups, India is a land of fintech opportunities

    The Business Times by JACQUELYN CHEOK

    A HUGE 1.3 billion population, strong government support for going cashless, and an "existential crisis" faced by traditional financial institutions (FIs), are among the factors that make India a promising land for Singapore fintech startups, The Business… More

  • 08
    Aug

    EZ-Link, Mastercard, You Tech launch e-wallet

    The Business Times by JACQUELYN CHEOK

    Singapore EZ-Link on Tuesday said it has taken a step into fintech with the launch of YouTrip, a mobile wallet that allows users to pay in over 150 currencies when abroad without any fees. YouTrip is developed by EZ-Link in partnership with Mastercard… More

  • 08
    Aug

    GrabPay trains sight on govt efforts in e-payment collaboration

    The Business Times by JAMIE LEE

    Singapore GRABPAY is watching with close interest how Singapore will soon roll out e-payments at food establishments such as hawker centres and coffee shops, with the mobile wallet player eager to boost partnerships among financial players here, said… More

  • 01
    Aug

    OCBC partners NTU on private banking skills training

    The Straits Times

    OCBC Bank yesterday said it would upskill more than 330 retail banking wealth advisers with private banking skills in a new partnership with the Wealth Management Institute (WMI) of Nanyang Technological University (NTU). The partners have launched… More

  • 25
    Jul

    Challenges of a booming private bank industry

    The Business Times

    Roundtable participants Tan Su Shan, DBS Bank group head of wealth management and consumer banking group Ong Yeng Fang, UOB managing director, head of private bank Lok Yim, Deutsche Bank, head of wealth management Asia-Pacific and chief country officer… More

  • 25
    Jul

    MAS tells financial institutions to tighten customer verification

    The Business Times by ANGELA TAN

    Singapore ADDRESSING the potential risk that information stolen during the cyber attack on SingHealth may be used by fraudsters to impersonate customers and perform unauthorised financial transactions, the Monetary Authority of Singapore (MAS) has ordered… More

  • 24
    Jul

    Singapore banks step up pace of cutting, reskilling tellers

    The Business Times by JAMIE LEE

    Singapore SINGAPORE banks' plans to retrain their frontline staff are gathering pace, with OCBC being the latest to put out fresh targets in reskilling over 300 of its bank tellers here. The bank said on Monday it would cut half of its bank teller jobs… More