Banking

Sector Focus

Asia Pacific's banks are missing out on this business growth opportunity

SINGAPORE (June 22): Banks across Asia Pacific are missing out on a “significant economic, social and business imperative”: the ability to accurately assess customers’ credit risk, according to Silicon Valley analytics firm FICO.

Fintech

Silverlake Axis announces new banking solutions customer in Thailand

SINGAPORE (June 6): Silverlake Axis, the provider of software systems for financial institutions in Southeast Asia, has announced its receipt of a purchase order to implement its Silverlake Axis Integrated Banking Solution (SIBS) system at what it refers

Singtel signs $4.1 bil worth of credit agreements in Singapore & Australia

SINGAPORE (April 21): Singtel Group says its subsidiaries have entered into agreements for total credit facilities of approximately $4.1 billion in Singapore and Australia, for general corporate purposes and refinancing of existing facilities.

Global Economy

Biggest Chinese banks' bad-loan challenge may finally be easing

SHANGHAI/HONG KONG (March 31): The bad-loan challenge for China’s biggest banks, which worsened steadily over much of the first half of the decade, may finally be easing.

Weaker global economic climates drive banks into ‘protect & control’ mode

SINGAPORE (March 23): Given the potential implications of Brexit and US president Donald Trump’s financial deregulation efforts, banks around the globe are facing a surge of global economic uncertainties this year.

Online hiring for banking and finance sector falls at slower rate

SINGAPORE (Feb 27): Employment prospects across the banking, financial services and insurance (BFSI) sector in Singapore is retreating at a slower rate, according to the Monster Employment Index (MEI).

Financial services companies need to make bespoke banking practical by knowing their customers

(Feb 13): If you could do your banking on Facebook and purchase investment products on Amazon and insurance through Google, would you? According to Accenture’s latest research, you might be tempted to if the offer is right, which poses a challenge to fi

Fintech

What Singapore’s financial sector could really use right now

SINGAPORE (Jan 12): Accenture, the global professional services company, has published a new report suggesting that as financial services firms look to integrate robot and human services, they face the challenge of blending a physical presence with advanc

Tech

Blockchain, cognitive computing and cloud to shape future of finance

SAN FRANCISCO (Jan 10): Blockchain, cognitive computing and cloud are some of the technologies that will shape the finance industry the most in the digital age, banking and technology chief executives told a financial conference on Monday.
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