DBS and Standard Chartered (StanChart) will again slash rates on their respective savings accounts from Jan 1, 2021 on the back of a grim interest rate environment.
STANDARD Chartered (StanChart) on Wednesday announced the launch of its Singdollar sustainable time deposits, which is the first local currency sustainable deposit product that enables retail and private banking investors to get returns for their investments in sustainability.
SINGAPORE expects to announce soon the details of a single platform for consumers to aggregate their financial information from various accounts across major banks.
OCBC on Tuesday said it has adopted the Equator Principles, an internationally recognised risk-management framework for financial institutions worldwide.
SINGAPORE firms are keen on expanding international trade compared to their global peers, despite having a more pessimistic outlook on business arising from the impact of Covid-19, according to HSBC's annual Navigator Survey.
UOB on Monday said it will set up an electronic foreign exchange (FX) pricing and trading engine in Singapore, acting as the hub to service the bank's client franchise.
E-WALLET operators will need to keep up cybersecurity and anti-fraud efforts to maintain consumer trust as they gain greater access to Singapore's payment rails, industry watchers told The Business Times.
THE Monetary Authority of Singapore (MAS) is sticking to its planned number of digital bank licences that it will issue, with the regulator "impressed" by the quality of applications that have been reviewed, said its top official.
