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HSBC Singapore has hired OCBC Bank's Tze Tze Lee as the head of product and propositions, a newly created role within the bank’s global trade and receivables finance team in Singapore.

UNITED Overseas Bank (UOB) has launched an online utility marketplace that aggregates deals from utility providers, as Singapore's local banks compete to entrench themselves in customers' lifestyles. 

UNITED Overseas Bank is the second Singapore lender to feel the sting of last year's property cooling measures.

INSURER Great Eastern (GE) has sold 5 per cent of its stake in PT QBE General Insurance Indonesia, which it acquired in 2018. It will continue to hold the remaining 95 per cent, GE said on Friday.

GREAT Eastern’s net profit for the first quarter more than doubled to S$342.7 million from S$152.9 million a year ago, on the back of higher valuation of its shareholders' fund investments resulting from favourable market conditions.

UNITED Overseas Bank (UOB) reported higher net profit for its first quarter of 2019, up 8 per cent to S$1.05 billion, from S$978 million for the year-ago period.

THIS is the dawn of a new era for Singapore's payments system. As part of its Smart Nation vision to become "a leading economy powered by digital innovation", the government has been working on a range of initiatives to digitise payments.

SUCCESSFUL social welfare policies distinguish between routine life-cycle demands and unpredictable events. Successful policies encourage people to prepare for routine events by saving and insuring. The government remains the insurer of last (not first) resort by building financial and other buffers to stand ready to help deal...

AS DBS ramps up its customer engagement efforts through the use of technology, it has seen call volume to its customer centre in Singapore drop 12 per cent over the last year, the bank said on Thursday.

A SUCCESSFUL experiment by the Monetary Authority of Singapore (MAS) and the Bank of Canada using central bank digital currencies and distributed ledger technology (DLT) could make cross-border and cross-currency payments cheaper, faster and safer.