Finance
Majority Of Customers Likely To Stick To Existing Primary Banking Relationship After Opening Digital Bank Accounts, PwC Study
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 younger (over 70% of 18-39 year olds) and high income groups (70% of those in the high income bracket) indicating that they were ‘very interested’ …
DBS To Adopt The Equator Principles
First bank in Singapore and Southeast Asia to go the extra mile; contributing to Singapore’s position as global financial centre for infrastructure projects. As part of its ongoing efforts in promoting responsible financing, DBS has become the first bank in Singapore and South East Asia to adopt the Equator Principles. The Equator Principles (EPs) is …
New Industry-Wide Research Platform To Support FinTech Investments
The Monetary Authority of Singapore (MAS), Deloitte and S&P Global Market Intelligence have collaborated to develop a prototype for an industry-wide FinTech Research Platform to help investors and financial institutions connect with FinTech start-ups that they can partner with or invest in. Deloitte’s internal analysis discovered that investors and financial institutions currently do not have …
New US$2 Billion Investments Programme to Support Growth of Green Finance in Singapore
The Monetary Authority of Singapore (MAS) announced today that it has set up a US$2 billion green investments programme (GIP) to invest in public market investment strategies that have a strong green focus. This will help to support the Singapore financial centre in promoting environmentally sustainable projects and mitigating climate change risks in Singapore and …
New Initiatives To Facilitate Expansion Of Financial Institutions In China And Singapore In Each Other’s Markets
The Monetary Authority of Singapore (MAS) today announced that new initiatives were underway to strengthen capital market activities between Singapore and China. These measures will facilitate the growing interest of financial institutions based in Singapore and China to expand in each other’s markets. The initiatives were discussed at the 15th Joint Council for Bilateral Cooperation …
DBS Named Asia’s Safest Bank For 11th Consecutive Year
DBS Bank announced last 02 October 2019 that it has retained the title of “Safest Bank in Asia” for the 11th consecutive year, awarded by New York-based trade publication Global Finance. DBS remains the fourth-safest commercial bank in the world, and 14th safest on Global Finance’s list of the World’s 50 Safest Banks. Joseph D. …
Monetary Authority Of Singapore Invites Applications for New Digital Bank Licences
The Monetary Authority of Singapore (MAS) announced today that it will begin accepting applications for new digital bank licences. Interested parties have until 31 December 2019 to submit their applications. This follows the announcement in June 2019 by Mr Tharman Shanmugaratnam, Senior Minister and Chairman of MAS, that MAS will issue up to two digital full bank …
MAS Issues New Rules To Strengthen Cyber Resilience Of Financial Industry
The Monetary Authority of Singapore (MAS) issued last 6 August 2019 a set of legally binding requirements to raise the cyber security standards and strengthen cyber resilience of the financial sector. The Notice on Cyber Hygiene sets out the measures that financial institutions must take to mitigate the growing risk of cyber threats. The Notice …
How Digital Banking Is Reshaping The Finance Industry
The finance sector has been virtually ever-present across time, just in different forms. In our modern world, innovations to make banking, payments, and transactions easier for clients are continuously popping up. This is especially true in the digital realm of banking. How much did digital banking alter how we deal with finances? Let’s have a …
DBS Named ‘World’s Best Bank’ By Euromoney Magazine
In a feat unmatched by other banks globally, DBS has become the first bank to concurrently hold three global best bank awards. This was achieved after DBS was named “World’s Best Bank” by leading global financial publication Euromoney in its 2019 Awards for Excellence. It follows the bank’s wins of Global Finance’s “Best Bank in …