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DBS rolls out its investment analytics to the mass market

IN A MOVE to encourage better personal finance habits, DBS Bank has rolled out a new digital advisory tool that helps customers consolidate and analyse their overall finances, as well as provide more personalised financial information tailored to their current life stage.

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BIS arm calls for global hackathon to solve compliance problems

THE Bank of International Settlements (BIS), through its Singapore innovation hub arm, on Wednesday called for private firms to participate in a global "remote hackathon" to solve urgent problems related to regulatory compliance and ensuing supervisory processes.

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CIMB Singapore delays mortgage floor rate hike, but customers unmoved

FOLLOWING a pushback from irate customers, CIMB Bank Singapore will delay the start date - to Jan 1, 2021 - of its higher minimum rate for certain mortgages pegged to the Singapore inter-bank offered rate (Sibor) and Swap offer rate (Sor).

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BIS innovation hub in Singapore calls for global hackathon to solve compliance pain

THE Bank of International Settlements (BIS), through its Singapore innovation hub arm, on Wednesday called for private firms to participate in a global "remote hackathon" to solve urgent problems related to regulatory compliance and ensuing supervisory processes.

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DBS aims to bring investment analytics to the masses

IN A MOVE to encourage better personal finance habits, DBS has rolled out a new digital advisory tool that helps customers consolidate and analyse their overall finances, as well as provide more personalised financial information tailored to their current life stage.

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CIMB to delay raising mortgage floor rate to Jan 1, 2021 after customer furore

CIMB Singapore will delay the effective date of its minimum rate of its Singapore inter-bank offered rate (Sibor) and Swap offer rate (SOR) to Jan 1, 2021, in an announcement posted on its website seen on Wednesday.

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Singapore banks in spotlight over upcoming Q1 provisions, dividends

THE scale of bad loan provisions and how the dour economic environment will impact dividends will be closely watched by analysts in the upcoming results of Singapore's banks - the first quarter that will reflect the early impact of a global pandemic.

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Infrastructure financing platform Bayfront inks deals with 15 banks

INFRASTRUCTURE financing platform Bayfront Infrastructure Management has inked partnerships with 15 global banks in its first month of operations.

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Customers keen to try out new digital banks

ALMOST half of the current banking customers are willing to try using the new digital banks which will operate entirely online without any physical bank branches. The survey of the finance and insurance sector done in the fourth quarter of last year showed that 43.3 per cent...

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Transforming Asia’s financial services through open banking

WHEN Singapore first introduced PayNow in July 2017, the funds transfer service was used primarily for small transactions between friends who had linked their bank accounts to their phone number.

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