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MAS and French central bank complete wholesale cross-border payment and settlement experiment using CBDC

THE Monetary Authority of Singapore (MAS) and French central bank Banque de France announced on Thursday that they have successfully completed a wholesale cross-border payment and settlement experiment using central bank digital currency (CBDC).

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Kitchen Culture board terminates services of CEO on ‘grave misconduct’

KITCHEN Culture Holdings on Thursday said it terminated the employment of Lim Wee Li as chief executive officer (CEO) with immediate effect.

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Kitchen Culture board dismisses CEO over ‘grave misconduct’ affecting the company’s business

KITCHEN Culture Holdings on Thursday said it terminated the employment of Lim Wee Li as chief executive officer (CEO) with immediate effect.

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OCBC rolls out sustainability training for staff as part of S$30m digital skills drive

OCBC has launched a suite of sustainability training modules to groom more subject experts within the bank as it furthers its sustainability push.

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OCBC rolls out sustainability training for staff as part of S$30m skills drive

OCBC has launched a suite of sustainability training modules to groom more subject experts within the bank as it furthers its sustainability push.

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MAS taskforce to make clear the liability held by consumers, financial firms in e-payment scams

THE Monetary Authority of Singapore (MAS) is working with banks and key payment players to provide "fair, clear and consistent approaches" for liability apportionment for fraudulent e-payment transactions, said Minister of State for Home Affairs Desmond Tan.

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Climate change is top emerging risk for banks in Asia-Pacific: survey

FOR the first time, climate change has topped the list of both long and short-term risks for banks in the Asia-Pacific, an annual survey by EY and the Institute of International Finance showed on Thursday.

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BT Explains: A look at payment fraud, which hits Singapore firms more than in region

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4.1m CPF members’ balances hit record S$462.1 billion in 2020

THE balances of Central Provident Fund (CPF) members grew by 8.7 per cent year on year to a record S$462.1 billion in 2020 from S$425.1 billion the previous year, the 2020 annual report of CPF Board noted.

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Endowus crosses S$1b in AUM in less than two years of full launch

DIGITAL wealth platform Endowus has crossed S$1 billion in assets under management (AUM) in Singapore, achieving this within 20 months of its full-service launch.

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