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Finance


Digital payments have received an unambiguous boost in Singapore, prompted largely by changes to shopping behaviour during the pandemic, according to the results of the UOB ASEAN Consumer Sentiment Study2. Seven in 10 consumers here said that since the onset of the COVID-19 virus, they have increased their use of digital or cashless payment methods, …

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 bank in the world and 14th safest bank globally remain unchanged from 2019 and 2018. Joseph D. Giarraputo, Global Finance publisher and editorial director, said, …

Infor, a global leader in business cloud software specialised by industry, today announced that it is partnering with DBS Bank, Southeast Asia’s largest bank, to integrate digital trade financing capabilities into the Infor Nexus global network of more than 68,000 businesses. The two companies’ first joint program recently went live with one of the world’s …

As part of DBS’ efforts to partner clients from key industries to transition to a low-carbon economy, DBS today published a Sustainable and Transition Finance Framework and Taxonomy. The world’s first Sustainable and Transition Finance Framework and Taxonomy by a bank will form the bedrock for DBS to engage with clients who are furthering their …

The Singapore Management University’s (SMU) Lee Kong Chian School of Business’ (LKCSB) MSc in Wealth Management (MWM) is ranked among the top 3 in the world and first in Asia in the latest Financial Times (FT) Masters in Finance Rankings 2020. This is the fifth consecutive year that SMU LKCSB has been recognised as one of the top three …

Amid COVID-19, global financial systems have been a source of both support and potential risks. During the on-going COVID-19 pandemic, the aid of global financial systems have been indispensable in preventing economic fallout. However, they are also turning out to be sources of massive risk. In their white paper, Impact of COVID-19 on the Global …

The Monetary Authority of Singapore (MAS) will be developing “fairness metrics” in credit risk scoring and customer marketing as part of the first phase of its Veritas initiative. Veritas is a framework for financial institutions to promote the responsible adoption of artificial intelligence (AI) and data analytics. Veritas consortium members United Overseas Bank and Element …

Z/Yen Partners in collaboration with the China Development Institute (CDI) released the 2020 edition of the Global Financial Centers Index (GFCI). Now at its 27th edition, GFCI  continues to provide evaluations of the competitiveness of the major financial centres of the world. Highlights New York maintains the top position in the GFCI 27. Scoring an …

The Monetary Authority of Singapore (MAS), together with the Association of Banks in Singapore (ABS), the Life Insurance Association (LIA), the General Insurance Association (GIA), and the Finance Houses Association of Singapore (FHAS), announced a package of measures to help ease the financial strain on individuals and SMEs caused by the COVID-19 pandemic. The package …

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 making progress against the United Nations (UN) Sustainable Development Goals (SDGs). The UN SDGs set the global agenda for sustainable economic, social and environmental development …