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BUSINESSES clustered in Singapore's financial district have heightened their monitoring efforts amid the novel coronavirus outbreak, reflecting the realities of Singapore being a large financial centre where banks and other large corporations dot Shenton Way and the Marina Bay.

YOUNGER customers and higher-income individuals are keen to open a digital bank account in Singapore, even as two in five of overall respondents indicated that they would only consider doing so if the digital bank is “popular and successful”.

OCBC's Bank of Singapore has hired a senior HSBC banker to drive its wealth business from Greater China and North Asia clients, the latest publicised appointment following another high-profile hire from HSBC by OCBC at the start of this year.

GIVEN the snug fit between e-commerce and digital banking, shopping platform Shopee's parent Sea Ltd may offer an edge over the Grab-Singtel consortium, with a fresh S&P report seeing these two bids as frontrunners for the two new digital full bank licences in Singapore.

JUST a little over three years ago, a six-month university exchange programme to Switzerland had me stashing 7,000 francs (S$9,951.74) in my carry-on, all in a bid to dodge hefty currency conversion card fees abroad.

SINGAPORE'S Temasek Holdings has led a new round of funding for French veterinary health company Ceva Santé Animale.

THE Monetary Authority of Singapore (MAS) and the US Treasury, in a joint statement on Thursday, supported the case for cross-border data transfer by financial services firms without the need for data localisation, as long as financial regulators have access to data needed for regulatory and supervisory purposes....

DBS Bank has completed the first trade financing transaction on Singapore’s Networked Trade Platform (NTP), the lender said in a press statement on Thursday.

CITIBANK Singapore will shut its 15-year old MacDonald House branch on Feb 28, with plans to open a new retail banking branch as part of its network rejig.

BANKING veteran Dennis Tan has been appointed CEO of Prudential Singapore, with the 51-year-old expanding the club of Singaporeans who now lead major financial institutions.