Singapore

Cashback cards are preferred due to their instant benefits.

MAS is putting emphasis on profitability more than other regulators for the license requirements.

Its financial planning and tracking app will have risk and scenario analysis functions.

DBS and OCBC’s private wealth AUM grew 15% CAGR in the past 6 years.

And the PNC-Venmo fight highlights issue over who owns customers’ banking data.

The banking system is just one point shy of being amongst the highest-risk systems worldwide.

Almost two-fifths (38%) cited cybersecurity as the biggest risk.

Indian and smaller Chinese companies are amongst the most vulnerable.

Mastercard and Tappy are using token technology to allow payments using accessories.

Proceeds will be used for investment purposes.

Any revenue expansion will be offset by increases in credit costs.

The global smart card market will surpass $65b by 2025.

Rising credit provisions amidst falling interest rates will add pressure to banks’ profits.

According to Standard Chartered, cash and cheques still reign supreme although evolving customer expectations are prompting incumbents to rethink of more efficient ways to handle transactions.

In APAC, only Singapore and Indian cities made it into the global top ten.

It offers better card security an expanded rewards system.