News

  • 01
    Jun

    Getting ahead in the tough world of transaction banking

    The Business Times by THOMAS OLSEN

    MANY banks and financial technology (fintech) companies want a greater presence in transaction banking - the business of managing cash for companies and financing trade and supply chains. Global banks are trying to add more sources of recurring fee… More

  • 24
    May

    Touché and OCBC to launch fingerprint-based credit card payments

    The Business Times by RACHEL MUI

    Singapore LOCAL fintech startup Touché has partnered with OCBC Bank to bring what it says is the world's first fingerprint, biometric-based payment to credit card merchant customers in Singapore. It will offer this service to all OCBC's credit card… More

  • 21
    May

    StanChart's digitalisation push nets more customers

    The Business Times by SIOW LI SEN

    Singapore 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,… More

  • 16
    May

    DBS banking on platforms instead of pipelines

    The Business Times by JAMIE LEE

    Singapore 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… More

  • 10
    May

    Investment Management Association of Singapore names new chief

    The Business Times by LEE MEIXIAN

    Singapore 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… More

  • 04
    May

    UOB posts stellar Q1 results with 21% earnings surge

    The Business Times by SIOW LI SEN

    Singapore 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… More

  • 03
    May

    Dearth of talent still biggest constraint for fintech: MAS

    The Business Times by JAMIE LEE

    Singapore 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.… More

  • 03
    May

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

    The Business Times by JAMIE LEE

    Singapore 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… More

  • 24
    Apr

    Singapore banks' offshore expansion a mixed bag

    The Business Times by SIOW LI SEN

    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… More

  • 23
    Apr

    Lombard Odier and Bank Mandiri to offer onshore private bank services

    The Business Times by SIOW LI SEN

    Singapore 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… More