Singapore
DBS, cloud software firm Infor float new trade finance venture
It will utilise supply chain data for risk and credit worthiness.
DBS, cloud software firm Infor float new trade finance venture
It will utilise supply chain data for risk and credit worthiness.
How Lendela streamlines customers' loan application process
The platform matches up customers’ loan needs from banks and lenders.
Singapore QR payments firm Fave partners with Pine Labs
Fave's QR code will be integrated with Pine Labs' payment terminals.
Singapore central bank fines trust firm for money laundering holes
Asiaciti Trust committed money laundering breaches between 2007 and 2018.
SmartStream the first to launch a comprehensive intraday liquidity stress testing on demand solution
Banks will be able to run their stress tests in minutes–essential for making real-time decisions and risk analysis.
Weekly Global News Wrap: Germany to discuss Wirecard fallout; UBS Q2 profit falls 11% to $1.23b
And investors sue Deutsche Bank over Jeffrey Epstein scandal.
Singapore banks' trading print to offset lower interbank rates
Loan growth for the major banks are likely to be 1-2% QoQ.
Deutsche Bank's new Asia CEO picks Singapore over Hong Kong
The bank's new APAC ESG head will also be moving to the Lion City.
UOB, digital firm Getz to help Singapore F&B merchants build online presence
Merchants will only need to pay capped transaction fees.
Citi APAC's virtual campus gets over 4,000 sign-ups
Outstanding students may be contacted for permanent or internship roles.
Only one in APAC's 50 biggest banks was prepared for a pandemic
Only Sumitomo Mitsui Trust Holdings identified a pandemic as a key risk to business operations.
APAC banks to account for 60% of global credit losses over 2020-2021
Credit losses are likely to peak by end-2021 and recover by 2023.
Weekly Global News Wrap: Central bankers push to drop Libor by end-2021; Wells Fargo posts $2.4b Q2 loss
And regulators race to enact cross-border payment rules to counteract Facebook.
Chart of the Week: COVID-19 hastens digital payments exodus in APAC
Business activities and consumer spending will further fast-track the growth.
SFA collaborates with AMTD to support local fintech industry
They will jointly establish a five-year fellowship programme for the most innovative fintechs.
Taxing environment weighing down on ASEAN, Indian banks
Government support will offset but not fully eliminate the pressure.
Banks seek trade finance revamp after billions in losses: report
Lenders are struggling to reclaim loans as big traders trick banks with empty promises.
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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