Singapore

Retail upstarts may account for 0.3% market share and wholesale challengers will take 0.9% of the market.

It uses advanced analytics, AI and machine learning to detect irregularities.

And bank licensing boom hits South Africa.

Its platform matches users with financial products like insurance, credit cards, and trade finance.

About 43% of fintechs in Southeast Asia choose Singapore as their home amidst strengthening growth prospects.

and Austrian banks survive government's staged cyberattacks.

Companies can identify inefficient use of liquidity and improve internal funding sources.

It is ahead of the APAC average adoption rate of 64%.

ACU-driven overseas loans rose 7.5%.

The five licenses are split into two full digital and three wholesale.

Citi named Hsiu-Yi Lin as ASEAN Head of Citi Commercial Bank (CCB). She will lead the CCB business across ASEAN in addition to her current role as CCB Head for Citi in Singapore. With her new role, Hsiu-Yi will be responsible for driving business strategy across ASEAN where Citi banks on multinational and local clients across Singapore, Malaysia, Thailand, Vietnam and Indonesia. Hsiu-Yi has over 25 years of experience in the banking industry including securitization, treasury, trade and product management in the US and Asia. She has been the head of the CCB Singapore since 2013. Born and raised in Malaysia, Hsiu-Yi holds an MBA from Harvard Business School and a Bachelor of Arts degree in Computer Science and Physics from Wellesley College. “Hsiu-Yi’s strong track record in managing various businesses across different markets means she is well placed to further grow our business in ASEAN,” said Rajat Madhok, Citi head of commercial banking, Asia Pacific.

Despite suspicions of trading error, the SGX upheld the trade.

Zilingo merchants and manufacturers can directly access UOB's banking solutions.

A homegrown bank pulled ahead of global rivals like Standard Chartered.

And German banks could face $695m over dividend tax concerns.

CapBridge’s investment syndication platform will match UOB clients to anchor and accredited co-investors.