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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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MAS expected to ease monetary policy stance in October: OCBC

ANALYSTS from OCBC are expecting the Monetary Authority of Singapore (MAS) to ease its monetary policy stance come its review next month.

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MAS likely to slow pace of Singdollar appreciation to 0.5%: OCBC

ANALYSTS from OCBC are expecting the Monetary Authority of Singapore (MAS) to ease its monetary policy stance come its review next month.

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DBS eyes 3.5m PayLah! 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, said the lender in a statement on Wednesday.

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Lower trough, deeper cuts

AS US-CHINA trade tensions have oscillated between de-escalation and escalation, the growth slowdown in the Asia-ex-Japan region has unfolded in slow motion.

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Ponzi ploys morph in post-Madoff era

IT HAS been more than 10 years since Bernard Madoff was caught running the biggest Ponzi scheme in history, a case that became a cautionary tale for investors and a call to action for regulators. The Securities and Exchange Commission (SEC) made changes in its enforcement division...

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UOB picks 16 Malaysian firms for digital accelerator programme

UOB has selected 16 Malaysian businesses to participate in its business transformation programme run by the bank's innovation accelerator, The Finlab.

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HSBC Private Banking makes 3 key appointments in APAC

HSBC Private Banking on Tuesday announced the expanded role of Cynthia Lee as regional head of private wealth solutions (PWS) for Asia-Pacific (APAC), based in Hong Kong, as well as the appointment of Steven Weekes as head of PWS for South-east Asia, based in Singapore.

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