Singapore
South Korea’s household loans rise 3.5% in June
Demand for bogeumjari loans and jeonse loans drive mortgage loan demand.
South Korea’s household loans rise 3.5% in June
Demand for bogeumjari loans and jeonse loans drive mortgage loan demand.
OCBC, Ascenda to offer more transfer options for rewards currencies
It is now available to OCBC customers holding Travel$, Voyage Miles and OCBC$ rewards balances.
DBS sells 77.8% stake in AXS to Tower Capital Asia
AXS became a subsidiary of the bank in 2006.
DBS upskills sustainable financing knowledge of 1,600 relationship managers
The bank will incorporate the workshops as part of its training curriculum for incoming RMs.
Korea allows formation of new nationwide bank for first time in 30 years
FSC plans to issue new banking licenses to bolster competition.
Finmo obtains in-principle approval for MPI license from MAS
This lets Finmo’s customers receive funds in Singaporean dollars.
1 in 3 Singaporeans switched banks, insurers in 2022: study
Only 21% of respondents, however, fully trust AI chatbots in financial services.
‘Human error’ reason for DBS digital banking glitch in May
The incident caused disturbances in mobile, electronic and ATM transactions.
Endowus Private Wealth expands alternative offerings
The new offering covers a broad range of asset classes.
StanChart, Atome lender-of-record partnership book 100,000 transactions
Atome customers who successfully activate their new StanChart credit card will receive S$250 in Atome+ points.
OCBC unifies branding, renames Hong Kong and Macau subsidiaries
OCBC Wing Hang has been renamed as OCBC Bank (Hong Kong).
New requirements published for DPT service providers
It will mitigate the risk of loss or misuse of customers’ assets.
StanChart Singapore launches mass-affluent miles card
Rewards points accumulated with the card do not expire.
Singapore banks foster growth, boost employee well-being
Asian Banking and Finance’s new ranking of Singapore banks reflects top notchers' steady growth and adaptability to changing landscape.
Family offices spur growth of financial wealth in Singapore
There are now 800 family offices in the city, compared to only 100 five years ago.
Credit Agricole CIB Singapore names new senior country officer
His tasks include being group coordinator for Crédit Agricole entities in Singapore
Bank of International Settlements names new head of SG innovation hub
Their appointment is effective from 1 October.