finance

Disruption and Digitalisation

Open banking a key digitisation objective for Asia Pacific FIs: Accenture Research

SINGAPORE (Dec 4): Providing open banking services is on the cards for the majority of large banks in Asia Pacific, according to a new global research report by Accenture Research.

Singapore economy

Singapore assessing 2019 forecasts with trade war risks in view

SINGAPORE (Nov 5): Singapore may need to review its economic growth projections for next year as a trade spat between the world’s two biggest economies increases uncertainty and crimps business investment, the city state’s finance minister said.

Results

DBS reports 72% higher 3Q net profit of $1.4 bil on record total income

SINGAPORE (Nov 5): DBS Group Holdings reported a net profit of $1.4 billion for 3Q18, up 72% from $822 million a year ago when accelerated allowances had been taken for weak oil & gas support service exposures.

OCBC launches new brand campaign, Simply Spot On

SINGAPORE (Oct 29): Overseas-Chinese Banking Corporation (OCBC) today a new brand promise campaign with the tagline Simply Spot On, to be rolled out over three months using an integrated multi-channel communication strategy.  

Fintech

UOB fully digitises applications for all consumer banking products

SINGAPORE (Oct 22): United Overseas Bank (UOB) has successfully digitised application processes for all its consumer banking product offerings.

Management & Corporate Governance

UK to consider proposals to curb Big Four auditors: industry official

LONDON (Aug 29): Britain’s competition watchdog is expected to formally consider proposals from top accountants to curb the market share of the “Big Four” auditors, a senior industry official said on Wednesday.

HSBC launches Jade membership programme targeting 'sweet spot' in Southeast Asian wealth space

SINGAPORE (June 28): HSBC Bank (Singapore)  today announced the launch of a new membership programme, HSBC Jade, targeting individuals looking for high net-worth (HNW) solutions in Singapore.

StanChart said to plan Asia split into Singapore, Hong Kong hubs

LONDON (June 6): Standard Chartered Plc plans to create two new hubs for its Asian operations in Singapore and Hong Kong to simplify the emerging market lender’s extensive network and reduce costs, people familiar with the plan said.

Fintech

Customers can now open OCBC 360 Account via bank's website

SINGAPORE (June 5): All Singaporeans and permanent residents (PRs) can now open an OCBC 360 Account via the bank’s website, without the need to visit a bank branch or provide documents, says OCBC Bank.

Fintech

Will regtech take over the global fintech landscape in coming years?

SINGAPORE (Apr 12): Regulation technology (regtech) is set to grow in the coming years, says financial services firm EY in its recent white paper.
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