Singapore

SMU students will help participate in banking and fintech projects of Union Bank.

Collaboration holds the key to unlock the pathways for traditional bank incumbents and technology entrants in the disrupted world of financial services, where disruptive companies can offer compelling alternatives to the huge customer base of unbanked and underserved across Southeast Asia.

Asset quality could weaken if the outbreak would continue to persist in the coming months.

The success of neobanks has raised challenges amongst the fintech industry. Providing a digital alternative to traditional banking, neobanks are, without a doubt, playing a key role in the evolution of banking.

Improved liquidity due to slow loan growth last year should cushion the effects.

It will utilise the accreditation to promote securities trading to its customers.

GIC injected $88.7m in a latest funding round along with Norwegian private equity firm Norfund.

Kheng Leong Lee was also the former chapter director for Asia for Factors Chain International.

And UBS plans to hire 20 managing directors for its US investment arm.

They will be attracted to the banks’ strong balance sheets and access to USD funding.

The index fund plans to capture $1.01b (US$750m) assets under management within 2020.

It will be driven by a projected NIM recovery and a decline in provision expenses.

Acts on money changing and payment systems have been repealed.

One-third of the new hires will be senior bankers for M&A and capital markets.

The German bank almost doubled its debt hold to $56.8m (INR3b).

New areas for collaboration include currency interchangeability and financial sector development.