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SINGAPORE has launched the world's first system that allows its citizens to consolidate their financial information across seven major banks and relevant government agencies.

UOB is making use of a new artificial intelligence (AI) solution that is "highly accurate" in identifying suspicious transactions and connected parties as it combats increased sophistication in financial crime, it said.

LIMITED financing options has long been a barrier to growth for many small and medium-sized enterprises (SMEs) across the region.

SINGAPORE banks may move to review or even cut their exposure to Chinese state-owned enterprise (SOE) customers, as a recent wave of high-profile SOE bond defaults become a wake-up call for lenders counting on government bailouts, say analysts.

AN enhancement may be in the works for the variable capital company (VCC) framework, in response to strong interest among single family offices (SFOs).

DBS aims to have in the next few years a million retail customers insured and invested as it looks to tap a more consolidated trove of customer data to ramp up its digital financial advisory tool.

UOB is banking on an omni-channel approach to hold off competition from the upcoming Singapore digital banks, as its data shows customers still prefer the face-to-face approach in certain cases.

DBS has witnessed its share price rise in recent years from 2016 till June 2018 with a strong intermediate five-wave impulse move. Prices reached a high of S$31.18 during the period. Using wave analysis, DBS had a strong sub-third wave extension starting from December 2016 till March...

WEALTH management platform iFast Corp plans to continue pursuing a digital banking licence both in Singapore and abroad, despite its failed bid for a digital wholesale bank (DWB) licence from the Monetary Authority of Singapore (MAS).

FROM early 2022, four digital banks will emerge onto Singapore's banking scene. The incumbents are already sounding the battle cry as the Covid-19 crisis marks digital finance as the way forward. They will also start a new chapter in Singapore's banking liberalisation story as regulators inject diversity...