Featured Archives • Page 1074 of 1193 • Financial News

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DBS, OCBC pushing trade finance into the digital age

TWO Singapore banks have ramped up on efforts to boost efficiency in trade finance, an old trillion-dollar industry that until recently had been heavily based on paper documents.

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Former Citibank Singapore retail banking head due to join Grab-Singtel entity

FORMER Citibank Singapore's head of retail banking Charles Wong is due to join the Grab-Singtel entity that is bidding for a digital full bank in Singapore, BT understands.

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Going digital without losing the human touch

MAINBOARD-LISTED Sing Investments & Finance (SIF) could lose 3 to 5 per cent of its corporate customers to digital banks. However, it'd be wrong to think that the finance company with 55 years of history is going to take this lying down.

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For investment banks riding Asia’s wealth, collaboration is do-or-die

ASIA is riding on unprecedented wealth creation, but for investment banks operating here, executing deals profitably on behalf of tycoons building business empires in this part of the world is far less straightforward.

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Will GrabPay lose lustre as banks tighten rewards for top-ups?

ALL good things must come to an end. Users of mobile wallet GrabPay and its extension - the physical GrabPay Card - are fast learning this as more and more banks stop credit card rewards for GrabPay top-ups.

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Singapore bank lending ticks down in January as business loans decline

Bank lending ticked down by 0.2 per cent in January on a month-on-month basis amid declining business loans, preliminary Monetary Authority of Singapore data showed on Friday.

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OCBC to provide abridged Q1, Q3 results

OCBC will provide abridged financial disclosures for its first-quarter and third-quarter performance in 2020, following the regulator's removal of mandatory quarterly reporting, said the lender on Thursday in response to queries from The Business Times.

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P2P lenders face big test amid virus outbreak

FINTECHS such as peer-to-peer (P2P) lenders have burst onto the scene in the past few years to address a credit gap that they say is untouched by banks.

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DBS offers loans, digital trade financing solutions in 2nd round of virus relief measures

DBS unveiled a second round of relief measures on Wednesday to help businesses in Singapore cope amid the ongoing virus outbreak, in a move to ease companies' cash flow pressure and to push them to transform at the same time.

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DBS nudges firms to go digital in second wave of Covid-19 relief measures

DBS unveiled a second round of relief measures on Wednesday to help businesses in Singapore cope amid the virus outbreak, in a move that pushes companies to go digital at the same time.

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