Singapore

Singapore merchants can offer promotions and deals through the SCB Easy app.

The deal allows the two banks to access foreign liquidity from each other.

AMEX pulled ahead of DBS and PSOB.

With increasing volumes of data, and the introduction of Artificial Intelligence (AI) and Machine Learning (ML) technologies, models are at the heart of every financial institution (FI)’s operations. But as FIs increasingly rely on model outputs for decision-making, the focus on model risk – or risk of errors in the development, implementation, or use of models – has continued to gain momentum.

To hold their ground against fintechs, banks are redefining themselves.

It aims to reduce fraud risks for corporates, of which two-thirds still receive cash from buyers.

Startups no longer have to wait for a day to have an account.

It will be used to build a hotel and a construction and prefabrication hub.

This was driven by a healthy loan growth of 8%.

It will roll out a multi-manager fund on 1 November.

They are in hot demand as the city prepares to grant virtual bank licenses.

The FSI Innovation Day 2019 event gathered over 20 of SG’s banking elite for an afternoon of insights and knowledge sharing.

Over 3 million in combined mobile and NRIC numbers are registered to the service.

Some might still perceive millennials as a generation of teenagers obsessed with avocado toasts and fancy festivals. However, the upper bracket of today’s millennials are now almost 40 years old and many of them are entering their prime spending years. Over the next three decades, millennials would have inherited 30 trillion US dollars, and by next year they will make up 50% of the total global workforce.

He will share how banks can execute their digital transformation agendas.

Southeast Asia’s only landlocked country looks promising for online lending.