Banking Archives

The financial industry is a complex ecosystem comprising various sectors, each serving distinct functions. Below is a breakdown of the main components with a brief explainer of its key sectors.…

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Temenos Takes Major Steps In Preparing For The Digital Currency Future

April 18, 2023

We would like to thank our generous sponsors for making this article possible. Temenos successfully integrates with leading DLT based CBDC technology stacks, demonstrating through specific use cases how commercial…

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DBS Rolls Out Branch Transformation To Boost Convenience And Accessibility For Customers

November 17, 2020

DBS announced it is scaling up the transformation of its branches across Singapore as customers seek quicker, socially-distanced, and more personalised branch banking services, and shift their banking to digital…

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Cities

DBS Named Asia’s Safest Bank For 12th Consecutive Year

October 21, 2020

DBS Bank announced that it has been named the “Safest Bank in Asia” for the 12th consecutive year by New York-based trade publication Global Finance. DBS’ rankings as the fourth-safest commercial…

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UOB Asset Management Launches First Sustainable Bond Fund Focused On Impact Investing And Stable Income For Retail Investors

March 29, 2020

UOB Asset Management Ltd (UOBAM) launched the United Sustainable Credit Income Fund (USCIF), the first bond fund in Singapore for retail investors which focuses on bonds from companies that are…

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Technology

OCBC Bank Is First In Southeast Asia To Enable Instant Encashment Of Cash Cheques At ATMs

March 13, 2020

Even as Singapore pushes to become cheque-free by 2025, cash cheques continue to be used by small and medium-sized enterprises (SMEs), typically to pay staff salaries, get cash for daily…

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DBS Accelerates Trade Digitalisation Efforts With More ‘Industry-firsts’ To Drive Greater Efficiencies For Customers

March 4, 2020

To drive greater efficiencies in trade, DBS Bank has closed another ‘industry-first’ with the completion of the first trade financing settlement through vCargo Cloud’s CamelONE Trade Finance portal (TFP) –…

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Technology

OCBC Bank Is First To Leverage Singapore Customs’ Electronic Banker’s Guarantee Programme

March 4, 2020

OCBC Bank became the first bank to leverage Singapore Customs’ electronic Banker’s Guarantee programme, issuing an electronic banker’s guarantee (eBG) to Singapore Customs on behalf of vCargo Cloud, a leading…

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Society

DBS Rolls Out Digital Solutions To Give Businesses “Contact-free” Banking Options For Greater Peace Of Mind During Covid-19

February 29, 2020

DBS announced its second round of relief measures to help businesses in Singapore cope better with the COVID-19 situation. These measures are a mix of financial relief packages and a…

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Technology

Majority Of Customers Likely To Stick To Existing Primary Banking Relationship After Opening Digital Bank Accounts, PwC Study

February 11, 2020

With digital banks set to come into play in Hong Kong, Malaysia and Singapore, there is a wide level of awareness amongst customers. Interest is varied across the board with…

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