Singapore

Singapore’s cash use in POS to fall at just 7% by 2027: study 

E-wallets will become Singaporeans’ payment method of choice.

Singapore’s cash use in POS to fall at just 7% by 2027: study 

E-wallets will become Singaporeans’ payment method of choice.

UOB names Susan Hwee as head of group retail

Eddie Khoo to retire; Lawrence Goh is new head of GTO.

UOB to see 200 tonne-reduction in CO2e emissions with DHL pact

UOB’s international parcel deliveries will now use sustainable aviation fuel.

DBS launches bond portfolio managed by BlackRock

Customers can invest for a minimum of $1,000 and a 0.6% annual management fee.

HSBC, SBF to help Singapore businesses scale GBA, India, Middle East

HSBC launched a business guide and will offer net zero transition solutions.

UOB secures major wins at ABF Wholesale Banking Awards 2024

UOB excels in AI, Digital Transformation, and Health & Wellness, showcasing its leadership in innovation and its dedication to comprehensive employee well-being.

MAS “closely monitoring” global IT outage

Major banks reported little to no impact to customers and key operations.

Standard Chartered bolsters Singapore private banking with new hires

The bankers hail from UBS, HSBC, Credit Suisse, and Deutsche Bank.

DBS rolls out gen AI assistant to customer service workforce

CSO assistant is expected to benefit its over 500 CSO staff in Singapore.

China’s XTransfer gains in-principle approval for Singapore MPI license 

XTransfer plans to launch e-business wallet services in the Lion City.

SG’s Maribank names ex-Trust Bank exec as new CEO

Natalia Goh takes over from Zheng Yudong, who will remain an advisor.

Great Eastern halts trading of its shares in SGX

This follows OCBC's increased shareholding in the insurer.

Fave Singapore clinches in-principle approval in Singapore

It can now offer account issuance and domestic money transfer services in SG.

Maybank SG prevents S$1.21m loss across 19 cases

The bank worked with the SPF to intervene in 19 scam cases.

Value of loans to SG SMEs fell by 42% in 2023

There were less SMEs earning $300,000 a month who took out loans.

DDEx’s digital token trade value triples in 5M 2024

Active trading clients have also grown by 36% during the period.

Singapore banks are phasing out OTPs for logins

Banks will instead use digital tokens to authenticate bank account login attempts.