UOB will introduce a buy-now-pay-later (BNPL) feature on its app soon, as it experiments with this space as the largest card merchant acquirer in Singapore, said the bank's senior executives.
UOB will introduce a buy-now-pay-later (BNPL) feature on its app soon, as it experiments with this space as the largest card merchant acquirer in Singapore, said the bank's senior executives.
PRIVATE market exchange ADDX has listed a digital asset fund from investment manager Trovio Capital Management (TCM) as its first cryptocurrency product for its accredited investors.
OCBC's net profit for its third quarter rose due to resilient business growth and lower allowances as the credit outlook continued to improve, it said on Wednesday (Nov 3).
OCBC's loans under moratorium in Malaysia have crept up steadily in the third quarter, with new non-performing assets (NPAs) also up from the downgrades of secured consumer loans there.
OCBC's loans under moratorium in Malaysia have crept up steadily in the third quarter, with new non-performing assets (NPAs) also up from the downgrades of secured consumer loans there.
UOB's net profit for its third quarter jumped 57 per cent, on the back of healthy loan growth and sustained fee income, as well as lower credit allowance, it said on Wednesday (Nov 3).
UOB is "not 100 per cent convinced yet" about the prospect of cryptocurrencies and will continue observing this space, even as it recognises that clients want exposure to digital assets.
WELL before the Covid-19 outbreak, many financial institutions had already been increasing their focus on developing digital capabilities, especially in response to a rise in the population of young, tech-savvy high-net-worth (HNW) clients.
