LISTED companies that were selected to set up digital banks in Singapore saw their shares rally to fresh highs, while those with failed bids, including iFast Corp and Razer Inc, tumbled on Monday.
SINGAPORE has cracked a world first again with a goal in mind: to return more deciding power to every citizen on what they should do with their finances.
SINGAPORE can contribute to global recovery by taking on a more inclusive and collaborative approach in deepening its tech capabilities, as the local tech sector continues to be a bright spot for businesses and workers amid the economic fallout.
SINGAPORE has launched the world's first system that allows its citizens to consolidate their financial information across seven major banks and relevant government agencies.
UOB is making use of a new artificial intelligence (AI) solution that is "highly accurate" in identifying suspicious transactions and connected parties as it combats increased sophistication in financial crime, it said.
SINGAPORE banks may move to review or even cut their exposure to Chinese state-owned enterprise (SOE) customers, as a recent wave of high-profile SOE bond defaults become a wake-up call for lenders counting on government bailouts, say analysts.
AN enhancement may be in the works for the variable capital company (VCC) framework, in response to strong interest among single family offices (SFOs).
DBS aims to have in the next few years a million retail customers insured and invested as it looks to tap a more consolidated trove of customer data to ramp up its digital financial advisory tool.
UOB is banking on an omni-channel approach to hold off competition from the upcoming Singapore digital banks, as its data shows customers still prefer the face-to-face approach in certain cases.
