Singapore
Weekly Global News Wrap: Swiss National Bank likely to keep low policy rate; Goldman Sachs pledges further $250m aid
And Commerzbank rebuffs Cerberus demand for seats in supervisory board.
Weekly Global News Wrap: Swiss National Bank likely to keep low policy rate; Goldman Sachs pledges further $250m aid
And Commerzbank rebuffs Cerberus demand for seats in supervisory board.
APAC payments industry remains attractive to investors: analyst
The industry recorded 29 deals in Q1 from only 23 in Q4.
Chart of the Week: Almost half of Singaporeans prefer e-payment methods
PayNow is the top choice for 18.2% of surveyed consumers.
OCBC, CapitaLand ink Singapore's first SORA-based loan
The $150m three-year corporate loan is part of a sustainability-linked loan.
Singapore's financial institutions allowed to reopen branches, resume in-person meetings
They must implement all safety measures and maintain a record of meetings.
Hong Kong virtual bank Airstar launches services to the public
The bank offers savings, time deposit, and personal loan products.
Three-fourths of Filipinos open to having a financial account online
But finance firms stand to lose 40% of new business if account opening isn’t fully online.
HSBC Singapore adopts phased reopening of branches
Physical financial and wealth management advisory services are available via appointment.
OCBC Singapore to reopen three branches, premier banking centre
This brings the total number of open branches to 27.
Singapore FinTech Association pilots self-assessment tool
It will help fintechs accelerate ventures with financial institutions.
Bank of Singapore appoints chief economist
Mansoor Mohi-uddin will be responsible for developing strategic views and research analyses.
Do fintechs need better marketing communications?
Singapore alone houses hundreds of fintech companies, ramping up competition.
Digital adoption of OCBC's wealth products jumped 40% in Q1
Virtual wealth advisory meetings will likely be the new normal.
Weekly Global News Wrap: ECB defends aggressive COVID measures; Risk-taking billionaires key to Credit Suisse growth
And Barclays poaches Gautam Chawla from Citigroup.
Chart of the Week: Health and safety concerns drive card payments growth in New Zealand
Card payments are expected to rise at a CAGR of 1.8% to $66b by 2024.
Singapore banks' risks abated as circuit breaker measures ease
Hong Kong’s political woes may also drive wealth business and deposits to the island’s banks.
MAS launches $1.75m global fintech innovation challenge
It comprises the MAS FinTech Awards and the Global FinTech Hackcelerator.
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Why Philippine banks, insurers embrace hyper-personalized services
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Insurance
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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