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Singapore bank lending up 0.6% in August: MAS preliminary data

BANK lending in Singapore inched 0.6 per cent higher in August from a month ago, as continued contraction in consumer loans was offset by a rise in business loans, preliminary data from the Monetary Authority of Singapore showed on Monday.

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DBS in the company of Amazon, Alibaba for successful transformation

DBS Group Holdings has been ranked by Harvard Business Review as among the top 10 companies in the world to have made successful strategic transformations in the last decade.

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New skills framework for financial services launched

A GUIDE that maps out the skills needed for financial professionals and institutions to progress was revealed on Friday evening, as the banking and finance industry continues to transform at breakneck pace.

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DBS ranked with Amazon, Netflix for top 10 business transformations of decade: Harvard Business Review

DBS has been ranked by Harvard Business Review as among the top 10 companies in the world to have made successful strategic transformations in the last decade.

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Digital banks may find it tough to win over consumers and deposits

WITH most consumers here unlikely to park more than S$20,000 in digital banks, and an expected high burn-rate for new entrants to nab credit-card users, the incumbent banks' earnings are not at imminent risk with the eventual launch of digital banks, a CGS-CIMB report showed.

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Purple Asset Management launches OCIO services

SEEING "incredible" opportunities for outsourced chief investment officer (OCIO) services in Asia, Purple Asset Management has launched an OCIO service provider to get a slice of the regional market potentially worth US$1.8 trillion.

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4 in 10 affluent Singaporeans on track financially to retire: poll

SOME 43 per cent of affluent Singaporeans looking to retire feel they are on track financially to achieve their desired retirement lifestyle, according to a survey commissioned by Standard Chartered.

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Singtel edges out Grab in attracting deposits as digital banks: CGS-CIMB

MORE customers may be willing to park money with Singtel than Grab, a CGS-CIMB report showed, with the brokerage estimating that 4-11 per cent of deposits from the domestic banking unit are at risk from being taken from incumbent banks, and absorbed by the upcoming new digital...

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MAS likely to slow pace of Singdollar appreciation: analysts

MARKET watchers are expecting the Monetary Authority of Singapore (MAS) to ease its monetary policy stance for its review in mid-October, with the central bank likely to slow down the pace of the Singapore dollar gain against a basket of currencies.

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DBS Bank targets 3.5m e-wallet users by 2023

DBS Bank aims to more than double its mobile wallet users to 3.5 million by 2023 - up from its current user base of 1.6 million - by pivoting its growth strategy to tap key merchants' large customer base here.

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