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