News

  • 20
    Jul

    UOB doubles down on AI with investment in Israeli fintech

    The Business Times by JAMIE LEE

    Singapore UOB is ramping up its artificial intelligence (AI) investments, as it took a minority stake in Israeli fintech firm Personetics on Thursday to boost its use of machine learning and data analytics across its markets in South-east Asia. The… More

  • 18
    Jul

    UOB to support Singapore's launch of Razer Pay

    The Business Times by JACQUELYN CHEOK

    Singapore UNITED Overseas Bank (UOB) will support the Singapore launch of Razer Pay (Razer Pay Singapore), the e-wallet app designed for millennials and young consumers by gaming company Razer. Razer Pay Singapore is slated for launch "within the next… More

  • 17
    Jul

    Bank of Singapore gets regulatory nod to launch Luxembourg unit

    The Business Times by RACHEL MUI

    Singapore BANK of Singapore (BOS), the private banking arm of OCBC Bank, has been granted a licence to operate a wealth management subsidiary in Luxembourg, Western Europe, in what it claims is a first for a Singapore private bank. Through its new unit,… More

  • 10
    Jul

    StanChart Singapore names Patrick Lee as its new CEO

    The Business Times by JAMIE LEE

    Singapore STANDARD Chartered Bank has appointed veteran banker Patrick Lee as chief executive officer of the bank in Singapore, it said on Monday. Mr Lee joined Standard Chartered in 2012, and his most recent position was head of global banking, Singapore,… More

  • 05
    Jul

    Net increase of 7,800 jobs in financial industry in last 2 years: MAS

    The Business Times by SIOW LI SEN

    Singapore THE number of net jobs created for Singapore's financial industry is set to exceed the 8,000 target by year end - and the nation is just halfway through its efforts to transform its financial industry. There was a net increase of 7,800 jobs… More

  • 04
    Jul

    Insurance, asset management prospects with Belt and Road

    The Business Times by BRYCE JOHNS

    BELT and Road's (BRI) potential to transform Asia's burgeoning infrastructure needs is well known but the opportunities for the insurance and asset management sectors - particularly in Singapore - are a little less understood. China's President Xi Jinping… More

  • 02
    Jul

    DBS eyes Taiwan, Japan, Europe in hunt for bonds growth

    The Business Times by SIOW LI SEN

    Singapore DBS Bank's ambition of becoming a fixed income house to match global banks is gaining traction though current challenging financial markets make the strategy tough to execute. International banks' commitment to Asia has waxed and waned depending… More

  • 27
    Jun

    Enhancing supervision, cyber risk among key issues for next decade: MAS's Menon

    The Business Times by LYNETTE KHOO

    Singapore FINANCIAL regulators could grapple with evaluating reforms, enhancing supervision and cyber risk over the next decade, Monetary Authority of Singapore (MAS) managing director Ravi Menon said this week in a speech aimed at imagining plausible… More

  • 21
    Jun

    PayNow expanding scope to include businesses

    The Business Times by LEILA LAI

    Singapore FROM August 13, businesses will be able to send and receive funds from customers and other businesses through peer-to-peer transfer service PayNow, the Association of Banks in Singapore (ABS) announced on Wednesday. As part of Singapore's… More

  • 21
    Jun

    Singapore can use less cash and be cheque-free by 2025: Ong Ye Kung

    The Business Times by SIOW LI SEN

    Singapore E-PAYMENTS are catching on and the government hopes to further reduce the use of cash and make Singapore cheque-free by 2025. It is also beefing up consumer protection against e-payment risks, said Minister for Education Ong Ye Kung at the… More