Featured

PAYMENTS giant Visa plans to halve its global fraud rate by 2025, having been using artificial intelligence to prevent an estimated US$25 billion in fraud annually.

AIA Singapore's wealth managers will be getting training and Institute of Banking and Finance Singapore (IBF) certification similar to that of a private banker, under a partnership with Nanyang Technological University's Wealth Management Institute (WMI), the insurer said in a media statement on Wednesday.

AT first glance, South-east Asia's financial services seem to be readily available to all because of fintech's growth. Many financial institutions in the region are already providing digital services for those who are "banked" or have access to traditional financial services.

A NEW equity fund by UOB Asset Management (UOBAM), a wholly owned subsidiary of United Overseas Bank, allows retail investors to invest in innovative firms of varying market capitalisations in both developed and emerging markets.

THE Monetary Authority of Singapore (MAS) has issued prohibition orders against an ex-UBS banker who in 2013 forged letters from foreign law firms to deceive the Swiss private bank into believing that certain UBS clients were tax compliant in their home countries.

SINGAPORE's Big Three banks are able to defend their market share against fintech competitors despite the rapidly growing threats to their business from these upstarts, Moody's Investors Service said in a report on Monday.

THE increasing shift towards digital retail banking has evened out the competition for customer reach in Singapore, with branch-light banks such as Citi being able to play "like never before", a senior executive at Citi has said.

BANKS are finding gold in Singapore's silver economy as they help the ageing population plan for their lifestyle, wealth and health needs.

THE Monetary Authority of Singapore (MAS) has issued prohibition orders against a former UBS banker over forged documents and fake emails.

SINGAPORE residents travelling to shop at Paradigm Mall Johor Bahru (PMJB) in Malaysia can now go cashless, and pay for their purchases using their Nets (Network For Electronic Transfers Singapore) ATM cards issued by the three Singapore banks.